Month: April 2011

Populist grandstanding

President Obama announced today that U.S. Attorney General Eric Holder will assemble a “Financial Fraud Enforcement Working Group” to investigate oil market manipulation. The price of gas — approaching $4/gallon nationwide and around $4.20 in California — is surely the fault of cheating Wall Street dirtbags, right? Upstanding, middle class, salt-of-the-earth American citizens such as you and I could never be responsible for such a horrible thing!

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