Posted on 04/24/2011 1:21:05 PM PDT by John Semmens
While contending that “high gas prices are, on balance, good forAmerica,” President Obama vowed he would have his people “look into the matter to ensure that any wrongdoing is punished.”
“If having to pay more to fill up the SUV encourages a driver to switch to public transit, that’s a good thing,” the President argued. “The fewer cars there are on the road, the cleaner our air is going to be. Who could be against cleaner air?”
“But trying to profit from higher prices, well, that’s something entirely different,” Obama added. “Profit comes from charging prices in excess of costs. It expropriates value that, by right, ought to belong to all of the people. It is this type of expropriation that will not be tolerated by my Administration.”
In line with the President’s directive on this issue, Attorney General Eric Holder has formed the Financial Fraud Enforcement Working Group and has promised “to haul profiteers and speculators in to explain themselves with regard to the prices they’re charging for fuel.”
read more...
http://azconserv1.wordpress.com/2011/04/22/nlrb-assumes-control-over-business-location-decisions/
Shut up you evil Narcissist! I’m so sick of you!!
Gas prices set to double...
“to haul profiteers and speculators in to explain themselves with regard to the prices they’re charging for fuel.”
Humm. Technically, everybody in business is a profiteer. That’s the entire reason for being in business. Speculators do not charge high prices for fuel. They never take delivery of fuel. If a speculator bids $4.50 per gallon of regular gas for 2 million gallons to be delivered in one month, and that month comes and the price is $4.25, then he sells his contract at a .25 per gallon loss. If it’s $5.00 per gallon he made .50 per gallon.
What his speculation did was provide liquidity to the marketplace and guarantee the producer $4.50 for the gas that he was about to produce, thereby limiting the producer’s risk. There is nothing “wrong” or illegal about speculating. When you buy stocks you’re speculating that they will go up in value.
What the president meant to say is; “To each according to his need and from each according to his ability.” (Or some-such Marxist twaddle.)
It doesn’t matter how many times you post your stuff, folks always get sucked in. It must be good.
Look in the Mirror NOilbama.
Happy Easter
Could part of the the problem be some fool who shut down drilling in the Gulf for AMERICAN oil?
ROTFL!!! Barry is a wild and crazy guy!
He said it right there.
He is proud to have the price way up there but doesn’t want anyone to profit from it.
What an a-hole!
And still.
...and collusion with the mid east to suck America dry. I wonder if his investigation will include the Saudis?
Other famous investigations:
1) OJ looking for the REAL murderer
2) The Warren Commission
3) Geraldo’s famous fault
4) Vince Foster murder
5) Al Gore’s global warming stats
We should all send Zer0 a small Stainless Steel shaving mirror (for camping) to help him find the perp.
No, no, someone does profit from it...why look at the vacations, the golf, the fund raising hobnobbing...man, he and Michelle are living the good life...on the backs of these evil profiteers!
Somehow, I am reminded of OJ Simpson's legendary hunt for the REAL killer.
P.S. For anyone who might claim this comment to be even remotely racist, please note that we are no longer able to honor the Race Card at this establishment, and are sorry for any inconvenience that may cause.
Do you thing the investigation will point it’s accusing finger at The Usurper and fellow CommieCrate “Don’t Ask, Don’t Drill” policy?
What he actually said was "All you white folks can't just sit around counting your money. You have to give it all to Eric Holder's people."
Hey Obongo, take a time out and stand in the corner until November 2012!
Try looking in the mirror for the root cause, bozo.
Here we go, with a string of presidents from both parties, who threaten and hike taxes against oil companies to pay public education employees.
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