SocraticGadfly: Obama to US: be less hypocritical on oil than I am

March 30, 2011

Obama to US: be less hypocritical on oil than I am

Sure, it sounds like a nice idea: Preznit Kumbaya, as part of his energy speech, saying, can we just not get so jumpy over oil price increases?

Could you, rather than spending money on bombing Libya, push for regulation to reign in oil speculators?

Oh, sorry, Wall Street gave more to your election campaign than to McCain's. Guess regulating commodities speculators (one thing that didn't get done as part of the consumer finance agency bill or other things) isn't so "easy" after all.

William D. Cohan has more on the missed opportunities (or deliberately avoided ones?) for financial reform that Obama had.

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