As of now, I am in control here, in the White House

Obama to Kill Two Political Birds With One Stone

Updated 9:22 am ET

This is fantastic. A brilliant maneuver by the West Wing political operation. I’m deeply moved.

The White House just announced that President Obama this morning will materialize in the Rose Garden to tell everyone that he is “cracking down” on manipulation of the oil market by financial profiteers.

This is very elegant. Pretend you are doing something about gasoline prices while ALSO sticking it to evil rich people gorging themselves on investment income by manipulating the markets.

It’s a campaign two-fer. If the “crackdown” actually does anything to reduce the price at the pump please wake me and let me know. Meanwhile, Obama gets to gin up the proletariat against Wall Street.

Thank you David Plouffe, you are a political genius. I’m glad to see you’ve got the economic team on a leash and heeling beside you.

Obama’s announcement is at 11:10 am. I will livestream it for you so you can comment along.

UPDATE: This political announcement also has a Big Brother component. From the White House:

The President is calling on Congress to pass an immediate increase in funding to support at least a six-fold increase in the surveillance and enforcement staff for oil futures market trading at the CFTC.

Also a “ten-fold” increase in maximum penalties for “manipulative activity in oil futures markets.”

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23 Responses to Obama to Kill Two Political Birds With One Stone

  1. After he cracks down on the global oil market, maybe he could tackle (or crack down) the manipulators of the coffee bean market. Coffee is getting really expensive.
    Then there’s the grain futures or he could just amuse himself with the global gold market.

    Since he doesn’t have any authority to regulate anything like the global oil market, he’ll just have to stomp his feet while yelling “stop it”.

    • I think other than the utter stupidity of this dog and pony show is his
      continuing to treat American’s like we haven’t got two brain cells. We
      are smart enough to make sure he enjoys retirement in Jan. God willing.

  2. Yeah, slap down that whole “free-market” thingy that has been working pretty well for a couple centurys. When the pissant-in-chief actually realizes that HUGE corporations might make a narrower margin on their product and that margin may look OBSCENE compared to a smaller company making eco-friendly mom jeans to house his ball-less jewel sack, wake me up.

    (Holy Dennis Miller-like run on sentence rant.)

  3. Why do community agitators always have to have an enemy? And why does that enemy always have to be the bastions of capitalism? The good news is 29 weeks from today we get a chance to end this monumental error in national judgment.

    Hope somebody asks him why the DOJ is wasting taxpayer dollars by assigning 5 prosecutors to retry Roger Clemens for allegedly lying to Congress in 2008, rather than using those resources to clean up all the graft and corruption in D.C.

  4. Soon the regulators will need to be regulated, perhaps the GSA can convene a ‘Regulators Regulatory Retreat to Regal in the Resplendent Resolution of the Regulations’. I hear the M Hotel in Las Vegas has GSA pricing.

  5. A circle jerk for the mOron in the white house..
    Lower capital gains on oil related transactions and lower taxes collected on those same capital gains..
    What a Dumb Shit!!
    Or is this really intentional to drive America in to poverty??

  6. Hahaha, he’s such a joke….let’s go after them there bad boys, causing the market to go up. Throw them under the jail…that should work till he can find another issue to spin.

  7. Gee. He’s really going to help people with this. Whoopee!
    (Frankly, I can’t believe anyone is so totally stupid as to believe this guy! But all those Democrats seem to.)