Typical Liberal Thinking…

From Fox News:

Under fire over high gas prices, Obama calls for tighter curbs on oil market manipulation

Fighting to contain voter anger over sky-high gas prices, President Barack Obama urged Congress to toughen penalties for improper manipulation of oil markets and called for stricter government oversight of energy markets.

"None of these steps by themselves will bring gas prices down overnight," the president said in the White House Rose Garden. "But it will prevent market manipulation and make sure we’re looking out for American consumers."

The American Automobile Association puts the national average price for a gallon of regular at $3.904.

On a White House-organized conference call to preview the announcement, senior administration officials refused to say how much improper or illegal manipulation added to the per-gallon price at the pump or when, if at all, Americans could start seeing the policy reduce the cost of filling up.

"You won’t find the administration making projections about the particular impact, or the particular price impact, of any particular policy," one official told reporters on condition of anonymity. "We would leave that to outside analysts to disentangle."

This is how these morons actually think!  “Prices too high in an already over-regulated industry?  Well shit, let’s just  regulate it some more!  We won’t speculate how much this new regulation will lower prices where the old regulations didn’t, but we never saw an industry we couldn’t over-regulate!

If we don’t promise a result then you can’t track our success (or lack thereof) in performance!”  Because there is nothing that the government cannot do better through central planning, bureaucracy and regulation than an actual free-market society can.

So, according to the anointed one, this has nothing to do with supply and demand (even though this is the genius that said releasing a piddling amount of the strategic oil reserves would lower prices)…it has nothing to do with the fact that his Jackass bunny-hugger liberal friends have blocked the building of new refineries and nuclear power plants here in the USA for decades.  It has nothing to do with him blocking the Keystone XL oil pipeline from Canada…It has nothing to do with his Energy Secretary publicly wishing for higher gasoline prices .

But it has everything to do with…Wait for it!!!…”Walllllll Streeeeeeeet!!” Dirty, evil Capitalists…

Read the rest of it here if you have the stomach…


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4 Responses to “Typical Liberal Thinking…”

  1. Joe Says:

    The best part, is Carney was asked for an example of illegal manipulation, who they would be looking at etc. His answer, “We have no evidence of it occurring.” F’ing dumbasses.

  2. stevec Says:

    Cletus: Hey Bubba, the price of moonshine is just too damned high!

    Bubba: Well sheeeit, Cletus, we need to get the Revenuers to burn the stills of them there evil speculators like the ‘Thang boys.

    Cletus: Bubba, you’re a genius!

    Bubba: Gubmint cheese makes you smart.

  3. Windy Wilson Says:

    It will be worse than mere government regulation raising the price. The function of the speculators in the commodities markets are to smooth out the price fluctuations so the producers get a steady price for raw materials for the duration of their contract. Why is the saying in the Chicago Board of Trade that the best way to make a small fortune in commodities is to start with a large on? Because the speculators in, say, pork bellies or wheat are betting against the farmers who are watching the weather and their livestock rather than merely reading about it second hand and a day late. These speculators so lately calumnified are like the people in the casino betting against the house. And we know how those bets usually go. Blaming this current situation on the speculators is like blaming the fact the house wins so much on the suckers.

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