Sen. John McCain has declared the profits of American oil companies "obscene" and wants to hunt down "speculators" with congressional investigations. Sen. Barack Obama also sees "speculation" as the culprit behind our energy woes. Rep. Bart Stupak (D-Mich.) blames Goldman Sachs and other Wall Street star chambers. House Speaker Nancy Pelosi warns that "we are putting oil speculators on notice." Senate Majority Leader Harry Reid vows to "end speculation on the oil markets." Even former House Speaker Newt Gingrich - who actually knows how markets work and is better at explaining them than any other politician today - says we have to "punish the speculators" for "betting against America."
Et tu, Newt?
Is trying to anticipate the correct price of a commodity now un-American - an act the United States government should seek to punish?
It seems that whenever things go bad and government is largely to blame, politicians look for villains other than themselves.
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