Obama pitchs $52M plan to regulate oil markets

[JB]

He's a child. He's a child elected to do a man's job. (or a badass chick. either way, it's not for him). And we are in serious shit if we don't get him out of there.

Just about a year ago to the day, Barry and the rest of the Keystone Kops gave us the "Financial Fraud Enforcement Task Force Working Group".

WASHINGTON – Attorney General Eric Holder today announced the formation of a Financial Fraud Enforcement Task Force Working Group to focus specifically on fraud in the energy markets. The Oil and Gas Price Fraud Working Group will monitor oil and gas markets for potential violations of criminal or civil laws to safeguard against unlawful consumer harm.

“Rapidly rising gasoline prices are pinching the pockets of consumers across the country,” said Attorney General Holder. “We will be vigilant in monitoring the oil and gas markets for any wrongdoing so that consumers can be confident they are not paying higher prices as a result of illegal activity. If illegal conduct is responsible for increasing gas prices, state and federal authorities should take swift action.”

Link. What have they been doing for a year?

A year ago this group was charged with doing the exact same thing this new $52 million is supposed to do. Check back in a year. We can all ask what happened to the $52 million. Hopefully President Mitt will have shut the thing down by then.

[Rockntractor]

Spend 20 minutes gathering data and 15 writing it out and still questions....

They get to deduct expenses like any other business but for some reason it becomes unfair when they do it.
The actual cost of a Chevy volt was 250,000.00 and you could buy one for 40,000.00, why is no one complaining about a blatant subsidy like this?

[Odysseus]

Is it me, or does he look like he's taking a leak?

President Obama on Tuesday urged Congress to help strengthen federal supervision of international oil markets, amid pressure from U.S. voters to take action on rising gasoline prices.

Read more: http://www.foxnews.com/politics/2012...#ixzz1sK30znEy

I wasn't aware that the US government could regulate international markets. Somebody want to show me where the Constitution grants us that authority? If so, then the first thing that we ought to do is take over the oil fields in the Middle East and pump them dry.