ABC Shills for Obama: Blame the Oil Speculators and Not the President for High Gas Prices
By Scott Whitlock | February 24, 2012 | 12:47
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ABC on Thursday and Friday hyped the idea, pushed by Nancy Pelosi, that oil speculators on Wall Street are to blame for high gas prices, citing a "top government watchdog." Of course, the network neglected to inform viewers that Bart Chilton, who is a commissioner on the Commodities Futures Trading Commission, is an ex-Democratic staffer.
On Friday, Good Morning America's Josh Elliott described the options as blaming "tension in the Middle East or speculators on Wall Street for the skyrocketing prices." Not offered as a choice was Barack Obama. Now, when gas prices were high under Bush, there were more stories and the blame was directed at the Republican President.
On World News, guest anchor George Stephanopoulos did allow that it may be a "tough sell" for Obama to avoid blame for the high price of gas. He admitted the President was facing a "political problem."
However, a full segment was devoted to a "warning from a top government watchdog who tells us that a big chunk of the pain at the pump is Wall Street's fault."
Reporter Mark Greenblatt paraphrased Chilton (first appointed by George W. Bush), insisting that big banks "gambling on oil are spiking the prices that you pay at the pump."
Greenblatt cited no one else in his story, simply repeating, "Now, Commissioner Chilton estimates that speculators actually play a part, as much as 90 percent of all trading that goes on during the day in energy futures markets, underscoring his point that this all impacts you in a big way, right here at the pump."
Compounding the one-sided nature of ABC's reporting, Greenblatt's story was simply a rehash of claims made by Nancy Pelosi on Wednesday:
Oil speculators, not a lack of domestic drilling, are to blame for the nation's rising gas prices, the top House Democrat argued Wednesday.
House Minority Leader Nancy Pelosi said unscrupulous Wall Street investors have artificially inflated prices at the pump, which are climbing toward $4 per gallon.
The California Democrat called on Congress to take "strong action" to rein in the allegedly excessive speculation, and accused Republicans of protecting Wall Street profits at the expense of consumers.
Read more: http://newsbusters.org/blogs/scott-...s-and-not-president-high-gas-pr#ixzz1nQwp6uGC
Liberals don't remember blaming Bush, corrupt reporting.
JMHO
NUFF SAID
By Scott Whitlock | February 24, 2012 | 12:47
6
Change font size: A | A
ABC on Thursday and Friday hyped the idea, pushed by Nancy Pelosi, that oil speculators on Wall Street are to blame for high gas prices, citing a "top government watchdog." Of course, the network neglected to inform viewers that Bart Chilton, who is a commissioner on the Commodities Futures Trading Commission, is an ex-Democratic staffer.
On Friday, Good Morning America's Josh Elliott described the options as blaming "tension in the Middle East or speculators on Wall Street for the skyrocketing prices." Not offered as a choice was Barack Obama. Now, when gas prices were high under Bush, there were more stories and the blame was directed at the Republican President.
On World News, guest anchor George Stephanopoulos did allow that it may be a "tough sell" for Obama to avoid blame for the high price of gas. He admitted the President was facing a "political problem."
However, a full segment was devoted to a "warning from a top government watchdog who tells us that a big chunk of the pain at the pump is Wall Street's fault."
Reporter Mark Greenblatt paraphrased Chilton (first appointed by George W. Bush), insisting that big banks "gambling on oil are spiking the prices that you pay at the pump."
Greenblatt cited no one else in his story, simply repeating, "Now, Commissioner Chilton estimates that speculators actually play a part, as much as 90 percent of all trading that goes on during the day in energy futures markets, underscoring his point that this all impacts you in a big way, right here at the pump."
Compounding the one-sided nature of ABC's reporting, Greenblatt's story was simply a rehash of claims made by Nancy Pelosi on Wednesday:
Oil speculators, not a lack of domestic drilling, are to blame for the nation's rising gas prices, the top House Democrat argued Wednesday.
House Minority Leader Nancy Pelosi said unscrupulous Wall Street investors have artificially inflated prices at the pump, which are climbing toward $4 per gallon.
The California Democrat called on Congress to take "strong action" to rein in the allegedly excessive speculation, and accused Republicans of protecting Wall Street profits at the expense of consumers.
Read more: http://newsbusters.org/blogs/scott-...s-and-not-president-high-gas-pr#ixzz1nQwp6uGC
Liberals don't remember blaming Bush, corrupt reporting.
JMHO
NUFF SAID
