What is Washboard Express?

Washboard Express is a way for me to express my own opinions, to be a provocative gadfly, by writing a "letter a day" to the President. I may miss a day here and there, because sometimes my family with be my first priority, but my goal is to write a total of 365 letters, representing one full year. To say I have opinions about most things would be to understate the obvious. Those of you that know me, know this is true, those who don't know me, will learn that it's true. The Washboard is a reference to going back to basics and "keeping it clean," so if you would like me to post your comments or opinions on this blog, I only ask that you be respectful. So go ahead, express yourself, and I look forward to an exchange of ideas and opinions.

Monday, May 16, 2011

Day12... Dear Mr. President

Day 12
Dear Mr. President,

We’ve been inundated with news and information about “Big Oil” and the high cost of gas, and what’s driving the prices up and up.
Some say it’s supply and demand, but the global and U.S. supplies are plentiful and the demand is stable… so that’s not the right answer. Some say it’s the continued unrest in the Mid-East, the death of Bin Laden, etc… and that’s what’s making nervous buyers bid up the prices. But that’s not the right answer either.

It’s all just smoke and mirrors to keep the public from understanding what’s really going on, and to keep them “fear based” so the oil companies can continue to extort our Government for billions of dollars in tax credits and subsidies that NOC’s don’t need.

The real culprit is of course, Wall Street. Roughly 70 percent of contracts for future oil delivery is bought by financial speculators, not by a purchaser that actually intends to use the oil. This type of speculation is driving oil prices through the roof and making instant billionaires on Wall Street, while the American people can hardly afford enough gas to get to work.

We’ve heard a lot about “reigning” in Wall Street by reinstituting regulations to prevent this type of manipulative abuse. So my question to you, Mr. President… when is this going to happen? When are we going to step in, step up, and support the American consumer? This has been going on for far too long, it’s high time our Government started fighting for the middle class, not special interests.

Please take the necessary steps to reign in speculators on Wall Street and end tax breaks and subsidies for “Big Oil”.

Most Respectfully,

Marcia Reimers
The Gadfly Granny

1 comment:

  1. again Marcia, this is right on.... clearly you are a voice for me and a gazillion others who think and feel as you do....thanks for speaking for all of us.....