What do you think?
Is he trying to win votes and percentage points for appeasing very disgruntled US consumers, or do you think he is legitimately concerned that there is price fixing and gouging?
Here are articles:
http://nymag.com/daily/intel/2011/04/ga … ation.html
http://nation.foxnews.com/politics/2011 … and-demand
It's not the president's job to meddle with the market price of anything.
If he hopes to change the price by intervening, then it's more of the same slide down into a totalitarian state...
I agree, but his investigation is supposed to be about insuring no price gouging or fixing. I don't see that as meddling if it's actually going on. And I think in some cases it has been, or is at present. Several states are looking into this as well.
I think, though, that he's appeasing a lot of consumers who have some very wild conspiracy theories, and I think it's an effort to try to win back some percentage points in the polls. In the end, it may prove nothing, except become another government expense paid for by tax payers.
He's in a damned if he does, damned if he doesn't situation though isn't he?
Whether or not it is true he is being blamed for high gas prices, his hands are tied, he has to intervene whether it's his place to or not.
No actually, he can't legally intervene without introducing new legislation to do so. He can only investigate, which is supposedly what he is doing.
True, the President's hands are tied in a situation like this, and perhaps unfairly.....but if gas hits $5 or $6 a gallon, Obama will definitely be a one termer.
I can appreciate Mr. Obama's wish for us to move into newer and more efficient forms of energy, but even if we made a paradigm shift tomorrow, we would have millions of combustion engine cars on our roads for at least the next two decades, so the desire for affordable gas will be a touchy issue for a long time to come...
The millions of combustion engine cars might well be on the roads, but they won't be moving without gasoline. ;->
A viable candidate would have to be put in by the Republicans no matter the situation.
They have none.
They will. Ideally they will have a solid platform to run on and a unified vision, but at the end of the day all they really have to do is run on Obama's record....
But given the GOP's penchant for snatching defeat from the jaws of victory....I'm not optimistic yet....
What about Donald Trump and Michelle Bachman? Trump would get the Birther vote and Michell the rest of the GOP nutjobs.
It's a political stunt. Nothing will come from it but wasted time and money.
I disagree. If the market is being manipulated, then legislation to prevent gouging can be introduced.
My understanding is that in times of unrest or perceived shortages, speculators trade the price up. I seem to recall that the same barrel of oil may change hands hundreds of times (on paper) before it is released to the market.
This is not business - it's opportunistic gouging.
Legislation can be introduced? Then what? Passed by the house of Koch...er, I mean the U.S. house of representatives?
Right. Only the Senate would let such legislation out of committee. But it becomes a campaign theme that the democrats were trying to do something about gouging. Obama can campaign that he supported it. Republicans can take the blame for high gas. prices.
I think the House is in play in 2012. If gridlock is inevitable, let's make it identify who the republicans work for by what they obstruct.
It's a matter of perspective, isn't it? The Republicans think the Democrats in the Senate and the President are the obstructionists.
What kind of facts can you present to prove the Republicans are responsible for high gas prices?
I will guarantee you that Obama's investigation will come up with 'no credible evidence' of price gouging, and that 'market forces' are responsible. Believe it or not, he is in the pocket of big business. They just happened to be Democrats.
And lets do the same with the Democrats.
Pretty funny that it was Bushs' fault the last time we had high gas prices, but now that the shoe is on the other foot, it is anyone but Obama's fault. Hypocrisy is the Dem's middle name.
We could all move to Dubai. The price of gas there is $.11 per gallon.
Every time in history that gas prices go up there is an investigation. And every investigation in history finds no problem long after prices have come down again. Course some are predicting prices are not coming down. They always do so far so if not would be first time.
He already has iformation available to the President that tells him all of what he stated he is looking for???????
smoke and mirrors if you ask me...
The "Enron loophole"
The Commodity Futures Modernization Act of 2000 has received criticism for the so-called "Enron loophole," 7 U.S.C. §2(h)(3) and (g), which exempts most over-the-counter energy trades and trading on electronic energy commodity markets. The "loophole" was drafted by lobbyists for Enron working with senator Phil Gramm seeking a deregulated atmosphere for their new experiment, "Enron On-line."
Anything to do with high oil prices ,,,Nah
They play we pay
Oil is traded in US dollars and Uncle Ben is not helping.
The Oil Shocks of the 70s
The "common wisdom" is that Jimmy Carter was to blame for the gas crises in the 70s. Many use them as examples that Democrats can't be trusted on economic issues. But it's not that simple. Jimmy Carter got a bad rap!
There were two "oil shocks" in the 70s.
The first was the increase in the price in the fall of 1973. This was a result of Nixon devaluing the dollar and abandoning the gold
Just like he got a bad rap about those hostages!
October Surprise baby..these Rethugs will do ANYTHING to get in power.
And nothing's changed.
Hey--it was Carter too, who put solar panels on the White House.
Reagan took them down. Why? Cause he was tied to Big Oil/Big Money.
Hello Tea-Party (stolen version): Big Oil/Big Money to the Max.
Feudal OverLords really. Yuk.
by Chad Young 10 years ago
What would you do if you saw an innocent bystander getting beaten up by 3 thugs in a public place?This is a question I'm asking after the beating that happened at Dodger stadium where hundreds of people just stood and watched this man get beaten for no reason.
by lady_love158 10 years ago
http://online.wsj.com/article/SB1000142 … inion_mainIn keeping with the theme of corruption in the Obama White House we have this article that explains a number of things. First, states run by democrats, so called blue states, and states with a high percentage of public service unions, or...
by Grace Marguerite Williams 5 years ago
Child Protective Services investigated William and Jada Smith for their parenting skills in terms of their daughter Willow Smith. However, it was later discovered that Williams and Jada Smith were innocent as regards to Willow. However, there IS a family that SHOULD be THOROUGHLY...
by Alternative Prime 4 years ago
How Will GOD "Intervene" 2 Stop Trump / GOP From "CRIPPLING" Your HealthCARE, Medicare And Medicaid?Will GOD once again use "Holy VESSELs" like Republican Senators John McCain, Bob Corker, Lisa Murkowski, Susan Collins all HEROEs, to STOP the Abominable Republican...
by Susie Lehto 5 years ago
Now, before you deny the findings, spend some time listing to the evidence with an open mind. This is not going away anytime soon by the looks of the evidence this investigation found. Sheriff Joe & his posse set out in this investigation to once and for all clear Obama's name over the...
by Sharlee 11 months ago
The GOP Held Strong Using The First Filibuster To Stop The Democrats Cold In Their Tracks May 28, 2021 --- "Senate Republicans on Friday halted an effort to form a bipartisan Jan. 6 commission to investigate the Capitol attack, marking the first successful legislative filibuster...
Copyright © 2022 Maven Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of Maven Coalition, Inc. Other product and company names shown may be trademarks of their respective owners. Maven Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|