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Thread: Obama focuses the Justice Dept on fuel prices....

  1. #1
    Regular Member VW_Factor's Avatar
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    Obama focuses the Justice Dept on fuel prices....

    http://news.yahoo.com/s/ap/20110422/...bi_ge/us_obama

    Yanno, as if there isn't anything more important to focus on.

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    Quote Originally Posted by VW_Factor View Post
    http://news.yahoo.com/s/ap/20110422/...bi_ge/us_obama

    Yanno, as if there isn't anything more important to focus on.
    Not for them. You have to understand.

    Today, they escalated in Libya by going to predator drones. Need to distract from that.

    But, even more importantly to them, focusing on fuel price criminality distracts from the fact that inflation is contributed by the Federal Reserve turning on the printing presses. Huge amounts of dollars are being printed.

    Now, we'll have the idea that government can step in and referree what is an "acceptable" price that isn't "gouging". And, if they can do that, then they necessarily must have the power to set price limits in the first place to "prevent" gouging.

    Of course, price controls never work. They always create shortages. The ancient Romans discovered this when they set price controls on wheat in one of their provinces--suddenly bread became very scarce. Old lesson. Very old. With lots more examples since then. So much so that any government slime who pulls such a stunt today is obviously up to something. There is just no way governments do not know that price controls cause shortages. Especially our statistic-hungry, records-compulsive government.

    Fill up now, fellas. (rhetorically speaking) Remember the gas lines and rationing in the 1970's? Odd license plate numbers on Tuesdays and Thurs. Even plate numbers on Mondays, Weds,...

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    Campaign Veteran Cavalryman's Avatar
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    Quote Originally Posted by Citizen View Post
    Now, we'll have the idea that government can step in and referree what is an "acceptable" price that isn't "gouging". And, if they can do that, then they necessarily must have the power to set price limits in the first place to "prevent" gouging.
    +1,000 on this! And which products should they regulate? Who gets to decide what is a "fair" price? Hmmm...How about the person buying the product?

    "We are going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said.

    Isn't that what happens in a free-market economy? People "take advantage" (trade something they have/don't want for something they want/don't have) of others for their own gain?

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    Quote Originally Posted by Cavalryman View Post
    SNIP Isn't that what happens in a free-market economy? People "take advantage" (trade something they have/don't want for something they want/don't have) of others for their own gain?
    No, no, no. You don't understand. You are my personal slave and you owe me your produce. And, I am your personal slave, and I owe you to buy your product.

    Psssst. Hey, fellow slave. C'mere. Shhhh. See that guy behind the curtain? The one with no clothes?...

    Hahahahahahahahaha!
    Last edited by Citizen; 04-21-2011 at 11:23 PM.

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    Regular Member stuckinchico's Avatar
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    Obama = joke

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    Campaign Veteran Cavalryman's Avatar
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    Quote Originally Posted by stuckinchico View Post
    Obama = joke
    Then why am I not laughing?????

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    Regular Member stuckinchico's Avatar
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    Quote Originally Posted by Cavalryman View Post
    Then why am I not laughing?????
    Because we see what he is doing to our rights and bend us over and trying to make us take it and are not too thrilled that he is not using a liquid substance while perform these acts

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    Regular Member riverrat10k's Avatar
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    For those interested in these type of issues...

    I strongly recommend Karl Denninger's Market Ticker.

    "The chart is oil, the white line the dollar.

    The dollar has collapsed as Bernanke and Obama have together conspired to demand QE2 to support Obama's insane borrowing and spending in the economy.

    There is a near-perfect inverse correlation between these two charts.

    Please surrender at the nearest FBI office for your arrest Mr. Bernanke and Mr. Obama.

    Case CLOSED."

    http://market-ticker.org/akcs-www?post=184722

    Main site here: http://market-ticker.org/akcs-www?blog=Market-Ticker

  9. #9
    Regular Member riverrat10k's Avatar
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    Oh, and Who is John Galt?

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    Campaign Veteran since9's Avatar
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    Obama and the dems threw many billions, if not trillions, of dollars out the window indiscriminantly attempting to jumpstart the economy. As a result, they devalued the dollar while prolonging the recession, thereby causing U.S. oil prices to rise dramatically. It was so bad Standard and Poors downgraded the U.S. financial status for the first time in decades.

    And now Obama sicks the Dept of Justice on the issue to find out why?

    Obama's grade for Econ 101: F-

    His first semester cost our country trillions of dollars. We can NOT afford a second semester, particularly when he didn't learn a darned thing during his first term.
    The First protects the Second, and the Second protects the First. Together, they protect the rest of our Bill of Rights and our United States Constitution, and help We the People protect ourselves in the spirit of our Declaration of Independence.

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    Quote Originally Posted by since9 View Post
    SNIP And now Obama sicks the Dept of Justice on the issue to find out why?

    Obama's grade for Econ 101: F-

    His first semester cost our country trillions of dollars. We can NOT afford a second semester, particularly when he didn't learn a darned thing during his first term.
    There is nearly a century of economic data available. One has to conclude that they know what they are doing.

    The question then becomes "why?"

    Its not all that hard to come up with entirely plausible possibilities.

    For starters, lets see how this speculation hangs together:

    They wrecked the economy. They want to remain in power. They want to avoid a huge all-at-once crash/correction that drives the population into open revolt over general prices and shortages. They're arrogant enough to think they can manage the already corrupt financial system for a slightly softer landing--anything to keep the population from coalescing around a revolt, broad strikes across multiple industries, etc. Avoid genuine unrest at all costs. Printing lots of money has the advantage (to them only) of keeping the system sort of running, while hiding the currency devaluation from the populace in inflated prices. Sorta spreads out the damage over time (so they think) and dilutes the knowledge of it among the population.

    The only real benefit to divining their true motive is to predict where they are headed. Other than that, their true motive doesn't really matter. Just the actions and consequences, which give plenty of predictability anyway.

    My larger concern is how many enemies the US is developing for us around the world. At some point the governments of other countries, criminal though they may be themselves, are gonna get angry at the US government and Federal Reserve for wrecking the financial system by printing hyper-quantities of the world's reserve currency. Think about that for a second. Of all the currencies that could be destroyed, our fedgov and FedReserve crashed the reserve currency of the planet.

    Once the peoples of earth figure out that our criminal government and banking system contributed heavily to their troubles, besides anything their own criminal government did to contribute to their woes, we are going to become rather more unpopular than we already are. Or, maybe the other governments try to save their own necks by blaming us--now, there's a disquieting thought.

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    Obama is doing everything he can to stop domestic oil production and then complains gas prices are rising. If he's as smart as his apologists in the mainstream media say he is, there can be no doubt the rise in gas prices is deliberate, knowing, and malicious on his part.

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    Any complaining or investigating should easily be seen as a farce since he admitted that under his plan energy costs would necessarily skyrocket. Or perhaps the investigation is to see how well his plan is working.

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    Quote Originally Posted by Daylen View Post
    SNIP Or perhaps the investigation is to see how well his plan is working.
    Insight, this is.

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    Regular Member riverrat10k's Avatar
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    Citizen, KD posits this exact thing, that unbridled Fed printing is causing global inflation, thus leading to social unrest. He made this arguement about Egypt.

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    Fixing our gas price issue is painfully, laughably simple. Just stay home. Everyone everywhere without exception, a nationwide strike. Shut down the whole country for about a week, every time the gas price goes over 3$ a gallon, and we will never again see prices over that amount. High gas prices are our own fault because Americans don't have the organization or the balls to say no.

    After that strike, we need to become 100% independent of foreign oil within the next year, no excuses.

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    The only reason that would come close to working would be the resultant lack of demand causing a decrease in price. The instant folks started driving again, demand and prices go right back up. As long as there is no significant change in supply, temporary changes in demand will result in temporary changes in price.

    The solution is to increase supply--long term. Right now supply and demand are so close to each other that any disruption (or perceived possible disruption) causes an immediate jerk on prices. (Oh, and "jerk" is the technical term for the change in acceleration of prices.)

    A small increase in supply, but large enough to ensure long-term excess in supply over demand, would cause an immediate and dramatic drop in prices. Even anticipation of such an increase would drop prices some.

    Drill here. Drill now. Drop prices.

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    Quote Originally Posted by eye95 View Post
    Drill here. Drill now. Drop prices.
    Absolutely, but Im not talking supply and demand here, Im talking about starving the .gov of its tax dollars for a bit, no production, no purchases, to tax dollars. The .gov will quickly realize that it has to submit to our demands for a change.

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    Quote Originally Posted by stainless1911 View Post
    Absolutely, but Im not talking supply and demand here, Im talking about starving the .gov of its tax dollars for a bit, no production, no purchases, to tax dollars. The .gov will quickly realize that it has to submit to our demands for a change.
    The government does not need our tax dollars. Over a short run, they will simply do what they did to fund the unprecedentedly expensive democrat agenda from January 2009 until January 2011: Run the presses and borrow wildly.

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