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Gas Prices Are Like A Box Of Chocolates

From the WSJ:

It’s true enough that oil prices can’t be commanded from the Oval Office, so in that sense Mr. Obama’s disavowal of blame is a rare show of humility in the face of market forces. Would that he showed similar modesty in trying to command the tides of home prices, car sales (“cash for clunkers”), or the production of electric batteries.

Or health care, for that matter.  I think at least some of this is setting up Israel as a fall guy if they attack Iran, and Iran closes the Straits of Hormuz.

Posted in Economics, Politics.

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