Good for him. This is about market manipulators where the focus should have been all along. I wonder if he will ever make good on his campaign promise to place a "windfall profits" tax on oil companies???? Nahhh. He is just a liar and a manipulator himself with no clue. He is out of ideas, he is out of his head and he is (soon will be) out of a job.

Winemaker makes a good point below. These regulations on market manipulation only applies to those who are U.S. based. So go ahead and pass the bill. Hell, they will move their operations offshore and there will be another entity the president forces into expat status. It will mean nothing in the global market. Smoke, mirrors, lies. This is awful. Our Amazing Kreskin president.

There is a definite need to reduce gas prices. I hope that everyone does what they can to bring them down to allow the average American to better utilize their money. But this looks more like smoke and mirrors than a viable solution.

Senior administration officials today would not estimate how much of an impact these new regulations would have on oil prices or how much speculative activity they would curtail, but said that the measures would boost consumer confidence that prices at the pump were not being influenced by market manipulation.

In other words: This probably won't help, but it sounds good, so I'll say it anyway to try to get more support for re-election.

@LLL -- Nail on the head.

So oil prices are the flavor of the week for Obama propaganda campaign.

Anyone remember this?

President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices.

Source: http://www.reuters.com/article/2011/04/21/us-obama-oil-market-view-idUSTRE73K7B420110421

That's from April 21, 2011. Anyone ever hear from that "team"? Yeah, not a word.

Just more of a smoke screen from Obama who will talk about anything but his record.

Obama 2012 - The re-run President

Heaven forbid we should level the playing field!

Yet Obama cites no example, mentions no specific case or evidence of a speculation problem - of any reason for the prices to be high other than the obvious reason of his asinine energy policies.

Just another shiny stunt and predictably, the fools like Feisty .... are fooled again.

After all, poor picked on big oil would go bankrupt without the $24 billion in tax subsidies we shell out to them!

Dummy, you shell out jack squat to the oil companies. Oil companies are the most heavily taxed industry with some of the most shallow margins. The $24 billion is deductions every US business enjoys under the tax code as opposed to Obama's green-doggles/subsidies where he takes actual tax payer money, literally takes from the "poor and middle class" to give to his rich billionaire bundler buddies and their green projects.

Most of the new measures would require congressional approval

Lots of luck with that...

Yea, I wonder why Congress doesn't like to waste time passing needless, redundant legislation for Obama's political distractions and stunts.

MSNBC is reporting this as political maneuvering. It must be obvious, because MSNBC is the "unofficial" propaganda arm of independent media for the reelection of President Obama. They and always paint him in the best possible light.

About darn time.

Ben...

A windfall profits tax?? Last year about this time CBS news reported that the big 5 oil companies had an after tax profit of around 5% but yet the computer software companies and pharmaceutical had after tax profits of 15-16%. To top it all off this morning on bloombergTV, they reported that microsoft reported after tax profits of 28%. Seems that the left don't understand what they are saying, but this is FR the stronghold of liberal idiots.

More smoke and mirors from the Campaigner-in-Chief. This is just another step in his "divide and conquer" strategy .... divide the country into one group versus another and hope that the half voting for you is the "bigger half".

With Obama, he is always attacking some industry, pretending he's on the side of the "little people" ...... there will always be a villain ..... a bad guy !

That's not LEADERSHIP people ! That's playing the politics of division, and it appears all he is capable of doing.

It couldn't be Wall Street controlling the price of gas could it??? Big Oil companies certainly don't have an input on Wall Street. They don't make money on gasoline, barrels of oil have nothing to do with the price of gas.

Big Oil certainly didn't get a bill pushed in from Texas deregulating themselves so oil prices could be driven up when bullets fly through the desert.

Big Oil wouldn't want to make a profit by future trading. Oh my, did you hear, a village in Iraq shot at their neighbors, there's gonna be another war!

Better stock up on certificates of future barrels of oil, there might be a shortage.

The real culprit, said Samantha Gross, an energy analyst at IHS Global, are speculators in the oil futures market who bid the prices up, hedging their pocketbooks on the belief that conflict will get worse in the Middle East.

Fiesty - Don't take the time to read the rest of MSNBC to get slightly educated before you post. Speed over substance. Even the very liberal MSNBC says:

Obama's oil market plan more politics than substance

This has nothing to do with a level playing field.

Fact; oil prices are set in dollars, the rail price is determined by put's and call's; how the hell are we going to control the London, German, Amsterdam,Tokyo, Hong Kong, Singapore stock exchanges; this is all political bull dung;

If he really wanted to do something, so far in the last 2 years, 6 refinery's in the U.S. have shut down, we export around 5 million barrels a day of sweet oil, we have shut down deep water drilling in the Gulf of Mexico (one of the three largest deposits of oil in the world. China, Brazil are now moving their deep water rigs into the gulf drilling, he cancled the Keystone project, because he wanted to get favor with the left;

the dollar is dropping in value every day, (inflation makes things cost more)real core inflation since November 2011 is around 11%(when food, fuel, medical care are included).

we are heading down the road to a total collapse and our politicians on both sides want to discuss, abortion, prayer in schools, gay rights, 2012 is going to be one hell of a year.

What would all of you oil market experts suggest he do then to ease the cost of gasoline at the pump?

You all seem to know what to do but keep it secret from the rest of the country. You all started drooling when Newt declared that he would bring gas back to $2.50 a gallon even though he never said how. The same is true with Romney.

bob, you say the reason for the current price is "obvious reason of his asinine energy policies.". So please, if it's so obvious, name these dreaded policies and how they directly effect the price of gas.

So again, what do you suggest?

The big manipulator speaks! Obama is the problem, not the solution. He likes spending our fuel dollars overseas. He wants to "necessarily quadruple energy costs" so we will be forced to use solar/wind at the much higher cost. Obama cares less for the individual, the middle class, he's for giant government that controls everything! They do so well too! The government can't run a thing right. Name one thing the governments does a good job at!!

Obama's and the rest of his staff polishers' favorite response to everything: Grow the size of government, create more onerous regulations, and spend more money. What an EPIC FAILURE of a president! Only the truely delusional believers such as Fiesty are still drooling over this fool.

vwterry, the last 10+ president did not have an energy policy. We seem to be happy buying from the middle east. Although domestic drilling is up, this is in spite of Obama's desire to go green (resulted in a little brown on his face, but many will say he is at least trying, even if it does cost taxpayers billions for a BK company).

Obama is only going through the same motions that every president has done the last 20 yrs when prices go up, blame speculators and price gouging by big oil and they never seem to prove it, hummmmmmmmmm. Maybe if we spend a couple of millions investigating (again) we will find something new (lol).

natural gas is down 50%, a engery source that creates less CO2 and Bush and Obama has done nothing to develop this option. We support ethanol and that is only costing Americans more by the impact it had on food cost.

Other options that Obama has pushed for that I do support is higher gas mileage std, but we Americans have to support this.

Saying "domestic drilling is up, this is in spite of Obama's desire to go green" is not a clear example of a policy that this administration has put in place that has caused the rise in gas prices.

I guess I will continue to wait for the naysayers to give an example of policy, not opinion and not a forecast of what might happen in the future.

Investigation, regulation and enforcement is needed to change the climate that promotes speculation. Not doing this leaves the industry to regulate itself and that has been shown to never work.

Wasn't Obama speculating on Green Energy when he gave Solyndra $540 million of our money? Wasn't Obama's lapdog Eric Holder speculating on an end to the 2nd amendment when he authorized Fast and Furious? How'd those deals turn out?

Agree vwterry, the culture on Wall street and D C must be changed before real change can come about..

And with the volatile attitude toward Wall street and American Taliban right now, Romney is wasting his time.

Yes Atlas, why is there no push on natural gas, one of the cheapest, cleanest forms of energy ? They say natural gas is plentiful in north America ? In the 1970s and early 80s lots of people were converting to propane, a gas that is sucked out of the air. At the time I owned a mid-sized steel fabrication company and we had two 12,000 lb. forklifts that ran on propane. It was great I thought, we could even run them in the shop with the doors closed for short periods of time.

Obama...leave the free markets alone, leave our individual choices alone and leave my hard-earned money alone. Just go away in November.

P and J,

Following your great post I still must ask, what policies has this administration put into law has had a detrimental effect on gas prices?

Don't forget, vwterry, the Solyndra deal was started under President Bush.

Don't hold your breath, vwterry, they will not give you an answer . . . because they can't.

Now weren't we just told last week that there was nothing that Barak could do?? So which is it?? Politicians playing politics again...very sad... Grow up Barak!!

Obama is just throwing crap against the wall to see what sticks. As if this lame initiative will have any impact. A stronger dollar certainly would, but on that front we have nothing but red ink. Massive spending, massive debt, and the Senate Democrats have decided to wait until after the election to produce a budget. Obama rips Republicans in the House all the time for failing to do his bidding, apparently the Senate Democrats get a pass for not doing their job as long as the credit card is still being accepted.

Class warfare, race warfare, partisan politics, entitlement warfare, war on women, war on big oil, war on speculators, this czar, that czar, this blue ribbon committee, that blue ribbon committee, and 94 rounds of golf later nothing has worked. Obama and the Democrats have decided division is what it will take to stay in power, and we are headed toward the most divisive election ever. Great reader, terrible leader, and all thanks to the most unqualified president ever to be elected.

We have an entitlement administration, where the wealthy are expected to pick up the tab for everyone else. But isn't that exactly what community organizing is all about? Shaking down society for those that do not want to do for themselves? Obama will go down in history as the worst president of all time after just one term, but those history books will be written in Chinese if Obama is given a second term, as this once great nation will no longer be ours.

Fiesty...you're backing the wrong horse on this issue

For weeks, the liberals have been telling me....shouting at me...the President has nothing to do with the price of oil and subsequently, the price we are paying at the pump. It is a world problem beyond the reach of our President or our government. Obviously, the leader of this nation doesn't agree with any of you about his role in fixing the world's energy problems and reducing the cost of oil.....After being crushed under rising gas prices and every other commodity, suddenly, I am to believe that he cares about my problems getting to and from work, to and from the grocery store???? We are rapidly reaching a point, where if I could afford to drive to the grocery store, I can't afford to buy anything there. Gas or food.....which will it be.

Cantor may as well be saying that the Repubs, since they have received Soooo Much money for their "Re-Election Campaigns" from the very rich group of Oilmen and Speculators that they will do all they can to prevent changes to the very laws that allow these super rich entities to be able to rip off the rest of the populace in the first place. Really nice to know who they represent, eh??

I just watched that clip and Cantor made no such "promise." No one knows for sure who he was speaking to. It is another case of selective editing and lying from a left wing POS organization who has morals, integrity or pride. And those of you who promote this crap on here are no better.

Ben,

I think the general public is catching on to the liberal media's bias towards supporting the Obama administration. In 2008 Obama had no experience to report on. In 2012 he only has poor leadership and the editors are finding it harder to cover that up....

What about what the Speaker said,

"Where is his Federal Trade Commission? Where is the SEC?" said Boehner. "He's got agencies there. So instead of just another political gimmick why doesn't he doesn't he put his administration to work to get to the bottom of it."

Please tell the flaw with this. Or do you not know what these are set for. Boehner is telling the truth.

Bev in Chicago said: You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.You are an idiot.

I just wanted to make sure this statement from Bev was broadcast so everyone can read it, see it and understand it.

Bev's opinion created this response... because Bev believes one way, she feels she has the right to call someone an idiot. Only an idiot would believe such a thing.

Obama goes after speculators... whoop de doo! How about someone going after Obama for the economic policies he has set into motion that has thrown the value of our dollar into the toilet...

The price of gasoline is exactly the same as it was in the 50's. Back in the 50's it cost 2 silver dimes per gallon. Today the same gallon of gasoline costs exactly the same amount... 2 silver dimes.

The dollar has lost so much value we pay over $4.00 at the pump... it's the dollar... not the gasoline.

Golly bev you referenced a u tube clip, not a fox clip. Now you want to discredit it?? How droll...

Anyone care to bet if Beverly in Chicago will be rebuked or removed from posting for a day ?

If MSDNC actually were to do this, I might choke on my coffee .... libbies get a pass for name-calling.

Obviously Ben is an idiot, because he disagrees with Beverly. With such an insightful comeback, she should be part of the White House staff!

Beverly in Chicago is a racist, bigot and an all around nasty person. Yes Bev, you are bigoted with your comments.

One half of THE DUMBFAUX SISTAS!

So Bev, go back to your chicago blog, and post your racist trash there.

So Bev, go back to your chicago blog, and post your racist trash there.

So says someone who follows Bev around like a horny poodle riding her leg & hasn't popped one off in years...

Your obsession with Bev is disturbing to say the least & frantic...

You want to talk about NASTY?

Go sniff your own bitches panties and leave us lefty liberals alone!

Interesting . . .

Ben lies about what is shown in the video, and when he is called an idiot, it upsets a few people. What is interesting is that they are upset at Bev for calling him an idiot, but they are perfectly willing to let his lies go, and don't get upset about his 'POS' statement.

I have to agree it was wrong for Bev to call Ben an idiot, when, from at least one patently, and provably false statement, he is clearly a liar (i.e. "No one knows for sure who he was speaking to.", note the CME sign on the podium, and when he directly names the group he is talking to). That being said, however, one could argue that it is an idiotic action to post provable, non-factual statements on a public forum. So, is Bev actually calling him a name, or just pointing out what could be arguably true about Ben?

What is really precious is jim-1455434 complaining that Bev should be banned for calling Ben an idiot, but not calling for Ben to be banned for his 'POS' statement ("It is another case of selective editing and lying from a left wing POS organization . . ."), or winemaker-4308406 for his entire post:

Beverly in Chicago is a racist, bigot and an all around nasty person. Yes Bev, you are bigoted with your comments.

One half of THE DUMBFAUX SISTAS!

So Bev, go back to your chicago blog, and post your racist trash there.

You right wingers are really funny.

The last time Feisty was this 'angry' was when she walked in a room with a ceiling fan, and it ruined yet another wig of hers.

When Obama talks about getting rid of oil speculators I just yawn. It's nothing more than pandering to his base... he won't and can't do what he promises. Isn't that the story of his entire administration? Obama is a speculator himself... only he does it with taxpayer's money!

Uhtred (saxon chronicles?), you are right on both accounts! But regarding feisty... the name is actually carrot top, not feisty! You know like the Vegas lounge act.... the guy with the wild orange hair who makes people laugh at him! feisty is our carrot top.

Obama is like a puppet... panders to his base about the big bad oil speculators but at the same time loans his benefactor George Soros $2billion of our tax dollars for a deep water off shore oil well near Brazil. What was that if not oil speculation. BO's venture into risky Green projects is also speculation. What a phony our president is....

Beverly in Chicago

If you didn't state you were from Chicago that line about "all up in the face" would have made it obvious. The oil and gas industry is understandibly on the side of Republicans right now. They want to develop our own resources and this administration wants to keep sending money to other countries so they can do it instead and overcharge us for it.

Here is the lame old line from Obama and crew: Wall Street did it! At least until they decide to find a way to say Bush did it. Anything to deflect from the fact that OBama's policies are serving everyone BUT the Americans.

Matthew, Houston, TX

I couldn't really tell what side you were coming from until your last line. But it is amusing that you lefties can't even recognise each other:
"One half of THE DUMBFAUX SISTAS!"

That line never came from a conservative!

Not sure why Beverly in chicago is not banned for violation of code of conduct. I have seen people banned on this site for much less.

Feisty Redhead Roselle, IL

So Bev, go back to your chicago blog, and post your racist trash there.

So says someone who follows Bev around like a horny poodle riding her leg & hasn't popped one off in years...

Now there is an interesting comment from an old hag.

Your obsession with Bev is disturbing to say the least & frantic...

No obsession, just wondering why others have been banned for less and she's still here.

You want to talk about NASTY?

Yep, your comments do have a nasty tone to anyone who disagrees with you. Perhaps you should read your own statements prior to blasting someone else.

Go sniff your own bitches panties and leave us lefty liberals alone!

Why, you are fair game after you post your attack ads on a personal basis.

Must be why he's so likeable. Everybody likes puppies. Did you see Bo in the Bunny ears at the White House Egg Roll. Adorable!

PS You're just mad President Obama is doing something Bush/Cheney never would have: going after oil speculators.

Come on Amy you guys are going to have to start campaigning on Obama's record if he's going to beat Romney. America got tired of Obama blaming Bush his first year in office.....

amy -- i don't think uaw is mad at all from my reading but is simply pointing out the perception that many have of President Obama. Seems to be an ideas guy with no ability himself or on his team to execute.

Everybody likes puppies.

Sure. They slobber all over everything, chew on anything they can find, and wet themselves. Just like Obama. He's so cute!

How's those hot coals working out for ya Ames?

Oh amy, you are such a political policy savant! You define so well the salient points of obama policies, funny that you are afraid to post your analysis of them for all of us to ponder in wonderment.

He reminds me of Rev. Wright. He is full of preacher, arrogance and know-it-all condescension. Hopeless and Changeless should be his running slogan this time. The worst failure in the white house in 40 years. The only reason his numbers aren't tanked out is because he is feeding half the nation and paying them to do nothing. Citizens like the community, the community organizer in chief can play the pipe, as in the pied piper. If you are paid to do nothing, you'll vote to save it. America is falling, just as Obama wants it. Like father and mother/ like son Obama.

Commoncents

Please advise how I can get paid to do nothing. It would be handy information to have. Just in case I do get in on the federal dole, I would also like to know how Mr. Romney intends to end the gravy train. I don't want to jump on a program that might be ending.

LoyalTX, I had a delayed license issue with the CFTC back in the '80's. It was delaying me from going to work for a Commodity Trader. I called our Democratic Senator from Iowa--Tom Harkin to see if he could shake thier cage and speed things up. He didnt do that but one of his aids called me with a list of government assistance programs I could go on. Tom Harkin's office 212-224-3254

I think if we elect better leaders alot of the gravy train will be going away though...

You bet, it is all about political vote getting. As POTUS he commands the agencies tasked with enforcing laws, but yet he doesn't want to marshall these forces to enforce these laws. Now he wants congress to waste time on new laws that obama still won't enforce.

Last I checked oil was traded on at least 6 different international platforms and he thinks by controlling the US based traders he will control the speculation?

If speculation is so rampant the DOJ has yet to prove it let alone decide if it is even illegal.

To bad obama doesn't state what the world wide tanker tonnage is vs the tonnage sitting around waiting for oil prices to increase before off loading. After all, this is part of the message he sent today.

Perhaps he can also explain why there is not more volitity in oil prices as futures expire.

Both of the above would really indicate the extent of speculation.

What a joke earlier this year obama said he wanted to streamline government yet now through the "buffet rule" and so called specultion laws he merely compounds and complicates matters.

Yep, It is far more political than even required, especially as obama continues to pander for votes.

Since oil is priced in US dollars, next we will see him wanting to fiddle with its value as well to effect pump prices.

american-2051576

You bet, it is all about political vote getting.As POTUS he commands the agencies tasked with enforcing laws, but yet he doesn't want to marshall these forces to enforce these laws. Now he wants congress to waste time on new laws that obama still won't enforce.

Bet on women, Latinos, Blacks, Asians and Native Americans winning it for President Obama come November 2012, since the GOP/Tea Baggers have chosen apoplexy. Wasting time and tax payers dollars to impose an ill effect on the economy and social issues is providing an EPIC fail for the GOP/Tea Baggers.

Obama/ Biden 2012

Bev, I wouldn't count on those groups if obama doesn't have the moxie to move forward on the laws already on the books.

It's "ball$" american, and we know Obama doesn't have the balls to present a realistic budget proposal.

The preacher in chief. Full of fire in speech, no substance and sadly ignorant and low on caring. It's all about politics and winning, always has been.

Hildur, you are probably right about Obama's motivation but then again, he can't get more money by fining the banks anymore since there has been a settlement to get him off their backs. So, maybe he thinks he can get the public to go along with him fining the commodities market. Narwhal room data probably tells him high gas prices annoy most people. It no doubt too the "Big Brother Watching" room to help him figure that out.

I truly wish that the liberal women in this conversation would stop making sweeping generalizations about how "all women" should think and vote. Mr Obama and his policies, and his administration have waged war on me and my family, by making it impossible for us to retain what we have worked for or achieve anything new.....I am officially dumped off the rolls of the middle class by definition and now find myself in the lower class due to job loss, property value loss, devaluation of the dollar, devaluation of stocks and investments for retirement, increased costs for health care and health care insurance....My race doesn't enter into it, and my status as a woman doesn't enter into it....wake up, look around! Are you the only people on the planet? Are you so willing to believe and blame anyone in sight for any ill fortune you may have suffered? And why does it have to be an evil plot to hurt you personally.....Can't anyone say, "Gee, this didn't work worth a darn, and I guess we had better move on and try something else?" without being considered a racist?

Imagine an NFL team called Vulture Capitalists that make all the rules so no one but the elite teams will ever win.

Lose the BS Bobby McDee. Come back to the real world. There's middle ground you are just lost in the end zone.

Bob, I believe the appropriate terminology in the chicago area would be "Da Thugs"

that is right don't carry it all, you left out the green team solyndra and the tax payer $$$ lost when it went bust. What else does obama have up his sleeve that will cost us $$$ with little return.

How about the billions in aid he has pledged to Egypt ? Will the U.S. be funding the Muslim Brotherhood's ascent to power ??

I have no problem with him living like a rock star if he actually did something other than just use rhetoric.

My brother was educated as a chemist and he had a saying that went like this...

In this laboratory we will practice the first 5 letters rather than the last 7. Looks like Mr obama likes the last 7 when it comes to being POTUS.

Honestly, it's just you. Hopefully, you'll get smarter. Horrifically, sounds like you're just another Know Nothing.

Foreplinger, if you would take your plinger out of your azz and let your brain get some fresh air your intelligence might go up.

Oh sir and/or madam and/or random mercury powered water dipping bird thingy:

Your trenchant comments have certainly wounded me and made be reconsider my entire life's perspective on reality and the nature in which it's perceived. Thank you for that startlingly clear and concise clarion I needed to evaluate all my misguided conceptions.

No, I'm just playing, your startling lack of intellctual depth and sophistication is so apparent any commentary upon it would just be "piling on". And I don't like abusing the handicapped, so you have a nice day and don't be afraid to "Google" any of the big words you might come across here.

Later, 'tater.

No everyone get it. Just the idiots refuse the truth.

Fore,

With your surpassing intellect, would you please tell me why obama is addressing this now, this way. I am really interested to see the progressive genius conclusion.

Thanks for proving my point plinger! A bit more verbage than mine on your lack of abilities but I will concur that you are far from being an intellectual.

Actually I use bing if I have any definition questions.

Actually I use bing if I have any definition questions.

There you have it. Now i understand.

Doesn't sound like you do bryanE. I am sure you would try to discredit any poster with a different political slant than yours.

The same way you do american 2051576? Pot, Kettle. Thats kind of the point here is it not. To bash each other with our opinions. So just what is your point.

Doesn't sound like you do bryanE. I am sure you would try to discredit any poster with a different political slant than yours.

I'm willing to listen to people of different policital persuasions. I just don't like Bing. Google is clearly the better search engine.

You know what happens when we assume, correct?

MRWSR:

If you've been paying attention, the President has been trying to do this throughout his term, and has been thwarted by Republicans at every turn. However, the President's "Cash for Clunkers" program improved overall U.S. automotive fleet mileage and reduced energy consumption and pollution and created jobs in the auto industry at the same time. Further, the President's advancement of "Cap and Trade" (a Republican market based solution, until, of course, the President was for it) would do much reduce demand, increase supply and in a fair, free market economy, lower prices. In addition, the President has directed the Department of Defense to procure better aircraft engines and hybrid drives for Naval craft. That's three ways the President has stepped up to the plate for the future of the country. And those examples were not terribly dificult to find.

American 2051576:

No, thank you for illustrating my point most marvelously. You are a true Titan of ironic understatement. Don't let your beak get to wet.

Later 'taters.

Cash for Clunkers WAS a CLUNKER unto itself. First, it was poorly administered so that automotive franchises faced difficulties in receiving the money Uncle Sam promised. Second, it merely paid individuals who were already thinking of buying a new car anyway to jump into action .... kinda of like a druggie with "a fix". Third, after the "fix" was over, new vehicle sales fell for several months thereafter so the net increase was pretty much a wash.

Furthermore, if you truly believe "Cap and Trade" will lower prices, then I must wonder what it is you are smoking or what you injecting into your veins. Cap and Trade will raise the cost of living for individuals directly and indirectly by raising the costs of everything requiring energy usage as a part of production.

Cap and Trade is working well for sulfur dioxide emissions from the Mid-West into the North-East allowing for the de-acidification of lakes east of the Appalachians. But, I guess those people are stupid, wanting to fish in their lakes and all.

Secondly, and pay attention here, Cap and Trade was a Republican, free market based solution. Republican did you get that?; the party of the right wing, the Republicans. Proposed by Reagan and initiated by Bush 41 in 1990, the sulfur dioxide Cap and Trade scheme in the 1990 Clean Air Act (supported overwhelmingly by conservatives) actually reduced utility rates by 5%; actually reduced rates.

So what am I smoking? I'm smoking savings, sir, dank, sticky, couch-locking savings. Try it , you might like it.

Is that why most of the new automotive manufacturing facilities are being built elsewhere ?

Is that why Detroit is a ghost of its former being with alarming unemployment ??

John

Yeah, it's just you. Offhand without research:

Dow is around 13,000 vs. around 9,000 when he started.

Monthly job gain vs. losses over 1/2 million per month when he started

US Auto industry regains world lead vs. probable liquidation when he started

US out of Iraq vs. indefinite combat presence (per McCain) when he started

US "surfed" the Egypt revolution without pi**ing off any faction and without one US casualty

US making progress on Iran nuclear ambitions vs. GWB Jr unilateral rejection of serious Iran proposals

US economy on continuing improvement track vs. falling off the cliff when he started

He recognizes that revenue needs to be a part of the deficit solution vs. blind adherence to Bush era tax cuts and allegiance to a no tax increase lobbyist.

Oh, and a fundamental reform of Health Care. Not everybody agrees, but at least he has a plan. Romny does or doesn’t depeding on his audience

Just a few off the top of my list

interesting on how the democrats and the WH were just one vote shy of totally ignoring the right in 2009 and 2010 that they couldn't do this then.

Even bush2 didn't have such lopsided republican control of congress during his administartion. Damn, bush2, like preceeding administrations, found ways to work with congress now you want to make excuses for obama? LMAO!

Bush 2 didn't need 60 votes to accomplish anything and everything. On at least one occasion, VP Cheney cast the tie breaking vote.

The repubs have abused the filibuster since Obama took office. There have been more filibusters in the last 3 years than had been used between 1841 and 2008 - combined. In order to get done what he wanted to get done, Obama would need a 2/3 majority to override filibusters. So stop with your claptrap about 'one vote short of totally ignoring the right'.

The Oil Companies do not receive any tax subsidies. A subside is a payment from the government to a business or groups of businesses.

What the Oil companies receive are tax deductions for costs of business. Oil companies get the same treatment as any other for profit business receives, regarding tax deductions.

Spot on, JohnnyOnTheSpot !

But hey, why should he tell the truth ... Obama is quite accomplished at distorting reality for political purposes. How dare the oil companies take a deduction for exploration costs !! How double-dog dare you they take deductions for drilling costs !!

I wonder how many gullible libtards ACTUALLY BELIEVE the rhetoric about subsidies. Are they THAT stupid ?

One word answer to your rhetorical question.....YEP!

I am watching, and it really is funny to see your postings.

Oh, was there supposed to be a clip in there somewhere?

No bleary. Put down the crack pipe.

I don't know Bob your pretty simplistic with your wording, how about you get on stage and talk to 1 million people and we can all sit back and make fun of you, your looks, clothing, hair, speach I am sure we could all get a good laugh at you.

Name three things Odumba has done.

stimulus, son of stimulus. ACA dug deeper and deeper in debt.

Worthless

Name three things Odumba has done.

Okay... but not just three things, but three things that the Republican before him FAILED:

1. Bin Laden;

2. Get US out of Iraq;

3. ease the horrendous unemployment;

4. turn the economy around;

5. institute national affordable healthcare coverage;

...Sorry = got carried away it was so easy.

Anyhow: Do you have any other silly questions or challenges?????????

You should learn to be a little more realistic AND appreciative IMO

With No. 1 -- you would have to add one democrat and the rest just aren't true. The plan was in place to exit Iraq when obama took over; unemployment has increased under obama; the economy is far from turned around in fact it is the slowest recovery in history and indicators it will soon start off the cliff again; and finally there is nothing "affordable" about the affordable care act. The latest CBO report outline the true costs.

As to your moniker -- Oh yes you are. You are so full of your self it's laughable.

Ben

Be a damn shame if the economy don't fall off the cliff again. You would lose a talking point. Without FOX you would have precious few.

Educate yourself Ben...

Learn some truth.

Not as stupid as yo uthink.......

Eased unemployment??????? Is that your attempt at ironic humor? Have you experienced unemployment, reduction in work hours, reduction in wages and benefits????? Have you experienced all of the above in less than four years?????

Affordable healthcare coverage?????? Another joke, I am sure. My benefits have gone way down, and my prices for premiums have gone way up....even the cost of the visit at the Dr office has increased as well as any other medical service. The cost of medications has increased as well.....So, how am I better off????? I am not getting anything for free, and a whole bunch of people are by my tax money. And soon the government will be taking more of my money and property by taxing my real estate sales at 3.8% to pay for this healthcare that I don't get.

Obama did not get Bin laden.....The American military, doing what it was trained to do, and what it had worked diligently for over the course of several years, is who "got Bin Laden" And by the way, they knew where he was and his movements, but wanted to minimize the risk to our personnel. Keeping him pinned down, under wraps was preferred to risking alot of American lives. The time and location finally became strategically viable. Stop making it sound like Barrack was in the raiding party. He didn't even know about it until after the fact.

Get us out of Iraq.....we were already committed to doing that, and demilitarization had already begun. Let me ask you something...what about the promise to close Gitmo?????

And let us not forget the President's greatest accomplishment, monumental in nature, unprecedented by any other President previously, or all of them combined......creation of a national debt that will crush generations to come.

What about the promises of transparency in government???????

The Oil Companies do not receive any tax subsidies. A subside is a payment from the government to a business or groups of businesses.

What the Oil companies receive are tax deductions for costs of business. Oil companies get the same treatment as any other for profit business receives, regarding tax deductions.

You can keep calmly explaining the truth of the situation, but it doesn't fit with the whole class warfare theme, and as such, your calm explanations are not heard. The bounce off without making an impact or impression, other than to get all conservative thinkers labelled as haters of whatever is up for discussion, and if you can't be called a hater, then you must be a racist, or a wealthy robber baron.

Angry - you assume, falsely, every CEO in America is a prick.

We Republicans assume, correctly, dum-dums like you should move to Cuba where all suffer equally. It is what you want is it not?

Corporations are about profit. Profit makes investment in plant property and equipment possible - which creates jobs in their supply chain whatever it maight be for that particular corp. - and that means more jobs all the way down the line.

If you don't like what you are doing for a living do something else. I would recommend the health care industry it's a field with growth.

does america equate to corporate capitalism? Is this what our country is about- maximising profit?

I realize RepubliCONS need to maximize their donor base but common. No longer about we the people?

Government has become about perpetuating itself, and if you read carefully, our founding fathers warned us of this very real possibility. But then nobody studies history any more.

The republicans do not want to cripple the country so how can they do what the President wants?

Top 10 Obama energy blunders

Wonder why gas prices are surging, with the cost at the pump topping $5 per gallon in some parts of the country? Obama’s anti-energy-producing policies certainly are not helping. The buck stops in the Oval Office, as this list of the President’s energy blunders attest.

1. Keystone kerfuffle

Canadian energy producers want to sell the United States an abundance of oil, if only President Obama gives the go-ahead to build the Keystone Pipeline XL. However, the President has chosen his deep-pocketed environmental backers over U.S. energy needs (and thousands of jobs for American workers). With the Middle East more volatile than ever, developing North American energy resources would help free the United States from being beholden to Islamic fanatics.

2. Volt vanity

After President Obama’s bailout of General Motors, the automaker turned its attention to producing the Chevy Volt. Even with the government’s help, the electric car is a flop, with few buyers and an exorbitant price. The Volt has trouble staying charged in cold weather and the battery can burst into flames long after being damaged in a minor accident. Obama’s fantasy of gasless cars is proving to be among the biggest debacles in automotive history—rivaling Ford’s Edsel and Chevrolet’s Corvair.

3. Solyndra silliness

President Obama made sure the $787 billion stimulus package was stuffed with initiatives meant to create green jobs by the millions. What the taxpayer got in return was a parade of bankrupt companies, led by Solyndra. The solar-panel producing company got a $535 million loan guarantee, with the promise that 4,000 jobs would be created, but end up filing for Chapter 11 bankruptcy last year. Solyndra became the symbol of Obama’s misreading of the marketplace’s demand for green energy.

4. Tesla travesty

Here’s another tragic “green jobs” story. Tesla Motors received $465 million from the Obama administration to produce electric cars. So far the company has created 400 jobs, at a cost of over a million dollars per job, by producing the Tesla Roadster, with a price tag of $100,000 per car. Unfortunately, should the electric car ever become fully discharged, it would cost $40,000 in repairs. Where’s Occupy Wall Street on this?

5. Moratorium morass

After the 2010 oil spill in the Gulf of Mexico, President Obama imposed a moratorium on deep-water drilling. The action prompted oil rigs to relocate to Brazil, costing jobs in America. Obama then offered technology and support for Brazil to develop its offshore oil production, creating jobs in Brazil. Does this make sense to anyone?

6. Drilling dashed

It is not only the deep-water drilling pull-back that is wrongheaded. The President also refuses to consider drilling in the Arctic National Wildlife Refuge or along most of America’s coastline. And he is not aggressively pushing for shale oil extraction or natural gas drilling on federal lands. There is an abundance of energy in this country if only the President would seek to develop it.

7. Price pandemonium

Of course energy prices are exploding. That’s what the President wanted all along. Remember his famous utterance, saying that under his policies, “electricity prices will necessarily skyrocket.” Also telling was his selection of Steven Chu as energy secretary. Chu once said that it was important for U.S. gas prices to mirror Europe’s sky-high petrol costs. It looks like he may be getting his wish.

8. Cap and trade catatonic

Despite a big push by the environmental lobby, President Obama couldn’t get his convoluted cap-and-trade package through the Democratic-controlled Senate. The legislation would have raised energy costs for consumers, while enriching visionary thinkers like Al Gore, who tried to parlay his global warming alarmism into a profitable venture by cashing in on the legislation’s emission-credits trading market.

9. Algae acclamation

With enormous areas of shale oil deposits and oil reserves in the U.S. remaining off-limits for development, President Obama has turned his eye to America’s algae resources to solve the nation’s energy problem. The President claims that by harvesting algae, and turning it into fuel, the nation could replace 17% of the oil it imports. Mr. President, if you want to reduce oil imports, here is some advice: Drill, baby, drill.

10. Energy excess

It takes a village of Secret Service agents and White House aides to accompany Michelle Obama and her husband (sometimes) on vacations to Spain, Martha’s Vineyard, Hawaii, etc. With Air Force One gobbling up copious amounts of fuel, even one of the First Couples’ date nights to New York could light a town, or even Al Gore’s house. With Americans struggling to pay high gas prices, perhaps the first family can set an example for the nation and start cutting back on their excessive energy use.

You have never had a course in basic accounting, have you gloriaCA ?????????

The consequences are

More government employees, more departments to shuffle the paperwork, more debates on capital hill regarding the findings, more time wasted, more money wasted, and more people financially crushed while this all goes on and on and on.

Where do Republicans find all of these promises Obama supposedly made?? He sure never
made them in public or on tape or the audio and videos would be everywhere wouldn't they?

News flash dude, FOX is for Entertainment purposes only

Where do they? I heard him say this on TV when he was running for office. He said that deficit spending was bad and he vowed to cut the deficit in half by the end of his first term. I have seen additional information on the Internet about it. The last full year of the Bush's last term was 2008. The official figure that I recorded for the 2008 deficit was 458.55 billion dollars. 2012 is the last full year of Obama's first term. So for the President to keep his promise, the 2012 federal deficit cannot exceed 229.27 billion dollars. The CBO and the White House are claiming that the President is not going to keep his promise.

A used car salesman that has done quite a job of being President of the USA.

Check non-partisan numbers, Obama is on a 2 year streak of economic and job growth

You say "uninformed" quite a bit -- question, are you talking about yourself? Let's start with tax the "rich" shall we. Are you suggesting that the current capital gains tax rate is fair? Or that taxing the rich hurts job creation? Or that the extra money collected is just a drop in the bucket and means nothing? Or that the super rich will hide their money off shore to avoid this additional tax?

Please explain how the President (any President) controls oil prices other than perhaps a couple of pennies. I would love to hear this. Oil is a world commodity you know. So go on educate us.

What war on women are you talking about? Truth hurts?

Class warfare? Tell me what the difference is between giving handouts to the down and out versus giving handouts to the wealthy - there is a difference of course - one sucks and one really really sucks. Which one do you think really really sucks? Mitt Romney should have paid an additional $3 million last year but because his income was derived by income that is considered "special" he had an overall tax rate much lower than he should had. Let me put it this way if we asked the average working joe on the street to select a favorable tax treatment of either capital gains or working income (ordinary income) which one to you think he would choose? Yes the answer is Duh! Even the uninformed can figure this one out.

I always chuckle when I see someone write a comment acting as though the President is coming up with economic solutions by himself. Now you may dispute the particular style of economics he practices (seem to support Keynesianism) but in the end he has a team of really smart people working on the problem. Are they right all the time. History would indicate no, however, no economic discipline has ever been proven to work in all cases because the US/world economy is dynamic. Any economist who claims to know what policies work best for all cases is fooling himself. Just look at the economists President Bush had working for him. None of them predicted what was to come while he was still in office - even a few months prior to the cratering of our economy.

Did you read the Obamacare policy? Really? How much has Obamacare cost you so far (trick question)? Prior to the Obamacare did your health insurance premiums go up? By how much? Now how does that compare to Obamacare? The answer of course is you don't know because you don't -- surprise me and give me some numbers. Whether or not Obamacare survives does not change the fact that the health industry has been out of control for years. These private insurance companies that you so seem to love -- have they been kind to you? Do you have a love one with a preexisting condition that can't find medical coverage? How are those co-pays going? What, they don't cover a routine checkup (cheapest form of preventive medicine)? Your 21 year old son who is trying to find work to get money to get back in school is not covered by your insurance because he is not in school, really?

I could go on and on but I think it's your turn to show us how informed you are. Go for it!

I have heard more than one economist allude to the fact that all of Mr Obama's failed policies are failed by design, and intended to fail, creating financial chaos, desperation in the voting public, generating a fertile field for divisions for race, and economics....making more and more dependent upon the government for their daily bread and hopefully insuring our complete and questionless support of all government intrusions, all government encroachments...Instead of being inept, he is ingenious on a Macheavellian scale. Look around, he has succeeded in creating a nation where we cannot even have a realistic conversation or analysis of what is actually happening, the real experience of American citizens. He has managed to master the media, the art of spin, and completely obscure his true agenda with smoke and mirrors....Keep us looking in one direction while he tries to subvert more constitutional guarantees in another. Stir up the pot. Get Christians, Muslims and Jews all fussing at each other. Get women POed at everyone. Big business is baddddddd! It is all the oil companies fault. It is all Wall Street's fault. Ever notice that everyone else is to be blamed. This man will not own anything he has said or done, or its reality and implications for all of us.

Bo, isn't that Obama's DOG's name?

Bo-1925019===Gas prices always go up coming into Summer. Keeping them high is this administration doings. Look Obama shut down the Gulf of Mexico for over a year. Very few permits have been issued since that time. The EPA has placed more regulations onthe coal industry, oil and gas industry and nuclear is a thing of the past. All Obama did today was to tell the world he has no idea what to do. Obama lives in bis dream world while the rest of us suffer the reality of life.

Obama has done nothing but raise the cost of living for all of us. Regulate anything and the price will go up. Oil and gas are items that are traded on the global markets and prices vary. We have Mr. Clean in the White House betting our tax dollars on alternate energy? The guy is nuts. Obama is talking alternative energy while the rest of the world runs on oil and gas. The other countries on this planet must see Obama as the biggest fool ever to get into the White House.

But Obama is telling other country leaders that he'll have more flexibility after the next election. Does that mean that the American people don't have to worry because as he becomes more flexible it will be easier to stick it to us and take this country to the depths of socialism?