Oil hit $135 on Thursday.
$135.
How many times is Congress going to drag Big Oil or Wall Street CEOs to Washington and publicly blast them and then do nothing? Nobody enjoys dishing out a bit of humble pie to this crowd more than I do but eventually it needs to go beyond this. OK, I get that they're all making record profits and people are paying the price but we know that and have known that for a while. So? What's the next step? And if they want to talk about salaries, I can think of much worse cases out there that again, we just hear talk. Action is never part of the plan.
Where's the vision - a serious, long term vision - for moving beyond these companies? If they don't like what is happening today (and who does, outside of Big Oil?) then tell us what they intend to do about it. Everyone is frustrated with this situation but they're just as frustrated with these endless TV moments that never go anywhere. It may make for fine theater in certain circles but most people are looking for more leadership and something more tangible. Is that asking too much?
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