By MIKE ALLEN 6/22/08 11:47 AM EST Updated: 6/22/08 1:10 PM EST
With the cost of gas a top issue in the presidential campaign, Barack Obama on Sunday will announce a plan to crack down on oil speculation by tightening regulations on energy traders.
The announcement is further evidence that an Obama administration would take an activist, populist approach to regulating business.
Obama wants to close a loophole in federal law that exempts some energy traders from regulations that govern other exchange-traded commodities. Democrats call this “the Enron loophole” because it benefited the Houston energy-speculation firm that collapsed in an accounting scandal.
Read the rest of this article at: http://www.politico.com/news/stories/0608/11252.html
Owner's Comments: There is nothing new about Obama views on Capitalism. They are the same views of the late Soviet Union. Big Business is Bad, Socialism is Good.
Mark You Calender Now:
July 12th the Big Victory 2008 Rally In Athens Texas at the Cain Center
Aug 2nd The 3rd Annual Hunt County GOP Club Picnic
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Please send any feedback to UnkHiram@gmail.com
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