The Commodity Futures Trading Commission plans to issue a report next month suggesting speculators played a significant role in driving wild swings in oil prices -- a reversal of an earlier CFTC position that augurs intensifying scrutiny on investors.
In a contentious report last year, the main U.S. futures-market regulator pinned oil-price swings primarily on supply and demand. But that analysis was based on "deeply flawed data," Bart Chilton, one of four CFTC commissioners, said in an interview Monday.
http://online.wsj.com/...
Does this mean that the discredited status quo apologists won't be on the rec list anymore with their economy cheerleading? Unfortunately no as there's a growing pro-status quo "old democrat" crowd here at Daily Kos and in the Democratic Party at large who could give a shit about the rigged-for-the-rich machine chewing up and spitting out regular Americans, not to mention everyone else in the world.
The enemy is within Democrats. We have 60 senators and a huge House majority and the big issues languish.
It is because of these status quo whores.
As with drug policy, the goal of progressives and in fact any thinking human being who gives a shit about the planet or their own kids should be to implement Harm Reduction policies with every issue, especially economics policy.