What do you do when you’re president and the economy sucks? Don’t hesitate; REGULATE!
That’s Barack Obama’s mantra, and he’s stickin’ to it. He’s speaking this morning on the need to increase federal oversight of the oil markets, because, as it has been proven time and time again, government interference in markets fixes things. When in doubt, create a task force, baby!
If you’re feeling as masochistic as we are, you can watch the speechification here.
Here’s a quick preview of the speech, courtesy of CBS’s Mark Knoller:
https://twitter.com/#!/markknoller/status/192236504419016705
https://twitter.com/#!/markknoller/status/192237089956433921
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https://twitter.com/#!/jamiedupree/status/192273535119523840
https://twitter.com/#!/jamiedupree/status/192274505777938433
https://twitter.com/#!/StewSays/status/192274688167247872
https://twitter.com/#!/StewSays/status/192275165990748161
https://twitter.com/#!/DavidChalian/status/192275446073786368
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https://twitter.com/#!/jimgeraghty/status/192249032289165312
If this pledge sounds familiar… it’s because Obama and his administration announce some new initiative to do this every year, usually as spring turns to summer and the price of gas increases as Americans drive more. It’s almost like the Cherry Blossom Festival…
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