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Wall Street speculators control the price of gas, not the president

  • Published in Letters

To the editor,

Steve Earle’s most recent letter to the editor contains so many misleading statements, I don’t know where to begin. I will address one of the most glaring falsehoods.

The high price of gasoline is NOT controlled by President Obama, it is in fact controlled by Wall Street speculators.

What would you propose that President Obama do about this? Should he step in and stop this madness? Then in turn be accused by the right and oil companies that ...

To the editor,

Steve Earle’s most recent letter to the editor contains so many misleading statements, I don’t know where to begin. I will address one of the most glaring falsehoods.

The high price of gasoline is NOT controlled by President Obama, it is in fact controlled by Wall Street speculators.

What would you propose that President Obama do about this? Should he step in and stop this madness? Then in turn be accused by the right and oil companies that he is interfering with that particular market? Would you suggest that he continue the policies that Bush-Cheney-Paulson announced when they admitted that the United States was in one of the worst depressions of our lifetime…then walk into the sunset with smiles on their collective faces without culpability?

Please stop misleading the readers of The Laconia Daily Sun without facts to back up your claims.

Bernadette Loesch

Laconia