Obama announces crackdown on oil speculation in mid-April; gasoline prices drop 12 cents a gallon and Corporatist Media Silent!

FROM POLITICUS:

The media and the Republicans were happy to blame President Obama for the high price of gasoline in March, but they are giving Obama none of the credit for the drop in gas prices today.

It seems like only yesterday that the GOP and their corporate media lackeys were telling us that gas prices would ruin Obama, but they have gone silent as gas prices have fallen since Obama announced his administration’s crackdown on oil speculation.

As recently as last month, Mitt Romney was still blaming President Obama for the price of gas, “He gets full credit or blame for what’s happened to this economy and what’s happened to gasoline prices under his watch and what’s happened to our schools and what’s happened to our military forces — all these things are his responsibility while he’s president.”

Speaker of the House John Boehner went as far as to claim that gas prices could cost Obama the election, “But if the economy doesn’t get better, I don’t think he’ll win. If people don’t feel better about government-run health care, I don’t think he’ll win. And if gas prices are $5 or $6, he certainly isn’t going to win.”

The media was happy to give the Republicans a free forum and plenty of airtime to use to blame Obama for gas prices, but on April 17 Obama called for a crackdown on oil speculation, “We can’t afford a situation where speculators artificially manipulate markets by buying up oil, creating the perception of a shortage, and driving prices higher, only to flip the oil for a quick profit. We can’t afford the situation where some speculators can reap millions (of dollars in profits), while millions of American families get the short end of the stick. That’s not the way the market should work.”

Since Obama announced his crackdown on oil speculation, gas prices have fallen twelve cents a gallon. The media response to this news has been total silence. (I guess if Republicans don’t have anything to say then there is nothing for the corporate media to report).

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About Thom Prentice

Pro-Democracy Advocate and Global Warming Activist. Facebook Page: Thomas Prentice***** WhiteGuy, Intellecty'all, Symbologist [for those who like Dan Brown and The DaVinci Code], Deconstructioneer, Scribbler, Scrivener, Authentic Journalist, Reader, Thinker, 14 year cancer survivor just finishing yet another year of chemo, high school teacher, editor, and college prof, Ph.D. - UT-Austin - 1995. "Dr. Democracy", Return to 'The Customer Is Always Right' Capitalism Advocate. Shameless flirt ***** Asker of awkward and inconvenient questions, what they do NOT tell you is far more important than what they DO tell you. Dog person. Failed parallel parking. ***** There is no conscience in Capitalism. Democracy should rule Capitalism but Capitalism should NEVER rule Democracy. Without Economic Democracy, political democracy is useless and worthless. GWM. ***** Prone to telling off people who need to be told off in the fine tradition of my grandfather. I'm waiting for a face-to-face with the Michele Bachman/google Santorum/Eric Cantor and Paul Ryan types. Also with Vichy Democrats and oil-funded enviro groups. Gay Incorporated is useless. Post-partisan and post-ideological. Used to dance with his shirt off. ***** Not necessarily post-Capitalist in the Authentic Adam Smith way but certainly post-Capitalist in the THATCHER/REAGAN/MILTON FRIEDMAN/AYN RAND way.. Our economic and social arrangements need to be changed but not just from one ideology to another. Let talk about and create new options for social arrangements. Les Miserables. ***** Karl Marx was wrong about a lot of things but he was spot-on about how Industrial Capitalism causes people to become alienated and about his 'labor theory of value' which shows why/how Capitalist thieves steal the value of a person's labor. A person works so many hours or days for s/himself and the rest of the labor is "free" and therefore the value goes to the Capitalist One Per Centers as profit. Mars Attacks. ***** Just documenting signs of the looming apocalypse -- or rather, apocalypsii / TURN OFF THE TV.

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