Mish’s Global Economic Trend Analysis / Sunday, April 08, 2012 10:35 PM
The blatant hypocrisy and arrogance of president Obama, Nancy Pelosi, and Hillary Clinton in the following video is simple stunning.
Link if video does not play: Hypocrisy Over Oil
Caroline Baum on “Obama the Omniscient”
Inquiring minds are reading Bloomberg columnist Caroline Baum’s article President Scapegoat Can’t Stop Picking on Big Oil
Barack Obama isn’t the first U.S. president to conjure up scapegoats to serve his political ends. The Roosevelts, both Teddy and Franklin, were masters at the game. TR decided the trusts were an enemy of the people and busted the likes of Standard Oil and Northern Securities, which controlled the railroads in the northwest. FDR demonized just about anyone who had money.
Harry Truman seized the steel companies to avert a nationwide strike, noting that “the steel industry has never been so profitable as it is today.” When U.S. Steel and other large steel producers raised prices, John F. Kennedy chided them for pursuing “private power and profit” at the expense of 185 million Americans.
Sound familiar? Substitute Obama for Truman, and oil for steel, and the tactics are quite similar.