Skip to comments.Obama's Power Move: Scapegoating Speculators
Posted on 04/25/2012 8:54:40 PM PDT by super_nova37
After all, if re-elected, Mr. Obama may come out the closet as a full-blown radical environmentalist, opposed in principle to the exploitation of natural resources for human wealth. In any case, he would have four more years to subvert oil production in the name of alternatives.
If passed by Congress, or implemented administratively, his crusade to criminalize speculation will undercut the crucial economic role of speculators: to minimize the impact of projected future shortages. If left alone, speculators would do this by bidding up the present price of oil, reducing demand now and conserving supply, thus lessening the impact of anticipated future shortages. Prices now would be higher, but prices later would be lower than they otherwise would be. Mr. Obama is a bright man, surrounded by others of great ability and intelligence. The only plausible explanation for his proposals on speculation is dishonesty in pursuit of power.
(Excerpt) Read more at atlassociety.org ...
Obama hates these guys. He uses the old Marxist formulation and calls them "speculators". He plans to crush them, and in his second term he may have enough "flexibility" to do so.
Dishonesty in the pursuit of power defines the entire Democrat party.
Is there anybody in this country Obummer didn’t scapegoat? It is all he has in his bag of tricks.
Legal/political attacks against American oil buyers are causing an unexpected result.
As Rush said on his show what is Obama doing with taxpayer Money by the Hundreds of Billions to Windmills and Solar Companies? SPECULATING! With our Money!
The truth is the speculation is in reality a cover for theft on the greatest scale in the history of mankind
There is no punishment for Obama that is in accord with the magnitude of the theft.
Great point, ballplayer. Bravo!
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