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  • Report: Obama’s latest proposal to stabilize gas prices could backfire

    04/20/2012 10:02:22 PM PDT · by Ernest_at_the_Beach · 6 replies
    Hot Air ^ | 2:31 pm on April 20, 2012 | Tina Korbe
    Barack Obama’s proposal to regulate trading margins in an effort to curb the influence of oil speculators was never really intended to either stabilize or lower gas prices. As AP put it, it was just the Obama campaign’s newest shiny object. His proposal was intended to communicate that he cares about gas prices — and nothing more. Here’s the catch, though: Reporters and pundits take his proposals seriously (he is the president, after all). They parse and analyze — and, in the process, they come up with information like this: U.S. President Barack Obama’s bid to dampen the influence of...