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Obama: Backfire?

The Boston Globe on Priorities USA’s ad against Romney with that famous dollar-bill picture: “Claims against Mitt Romney in new Priorities USA ad are technically true but paint an incomplete picture.”

“President Barack Obama's bid to dampen the influence of oil speculators by having regulators set trading margins could backfire, potentially making prices even more volatile and leaving crude dominated only by those with the deepest pockets,” Reuters writes, adding, “[E]conomists and traders cautioned that pushing smaller investors out of markets would only hand greater influence to the largest hedge funds and Wall Street banks. Ultimately, there may not be enough traders left to do business with oil producers and consumers looking to hedge their needs.”