Also in this playlist...
This transcript is automatically generated
Joining us now -- Karl Rove former deputy chief of staff senior advisor -- president George W.
Bush Fox News contributor Carl good to have you with this.
There is there any surprise on your part that they're governor Romney is doing so well.
In the Gallup poll in the Fox News poll the daily polls.
This has been what the Democrats said they want it.
Yeah well look I am a little surprise because he's come through brutal primary.
That was not a noble in you know to anybody on the Republican side.
And that we now have a number of polls are showing him and you know as you pointed out the latest tracking poll has him -- -- five if you take a look at this.
Since if you look at all the polls that have appeared since April 5.
Obama has -- Obama as a three point lead you take a look at the polls six of which of occurred since April 11 when.
In essence a Republican race -- president Obama's lead is cut to one point five and if you take out the one -- we're now liar poll.
Essentially Mitt Romney's pulled ahead of them.
It that's an unusual place for B to be for governor Romney right now given how brutal the Republican primaries that.
I have to say crowing you when you pick up your board and attempted to run quickly -- blackboard near Butler -- -- for hello.
Today governor Romney referred to him to the president's oil markets plan is government by gimmick I have to say first -- I'd -- the line.
And it's the kind of directed response he's going to have -- Barack.
Is this the beginning of a new strategy on his part.
I hope so I think he's got a call.
These things for what they are he needs to blow the whistle the president looking you hit it right the president talked about this in the 2008 campaign.
Talked about it in oil speculators again in the summer of 2009.
April of last year appointed a task force headed by the Justice Department to look into -- market speculation.
And then he did it again today and of course maybe it had to do less with the price of energy than it did with the fact that his approval rating is 28%.
On handling gas prices.
And I I what I -- remark was administration could offer not a single incident not a single shred of evidence they couldn't point to any mysterious trade.
That that that that could be held responsible for the runup in gas prices.
There are I -- about -- -- admonishing.
Not simply urging congress to be specific as they legislate against oil manipulators but -- -- was.
Never specific and any part of in the any of his comment.
Well and what's interesting is take a look at Freddie had 3.3 -- three of planks of this plan.
First give 52 B 52 million dollars more to the commodities future trading commission to -- a budget of about 205 million dollars so he wants to increase them.
-- budget by by -- quarter now he'd asked for 305.
Million dollars in his latest budget requests -- he's not even asking for -- he asked for in his budget request.
It and then it increases the penalties as you say also that they're so -- so huge there laughable and finally.
He says I won the CFTC.
To be in charge of making margin requirements not to exchanges themselves.
And you know look we do need to have margin requirements but given a choice between having it done by bureaucrat -- portion slow moving.
Susceptible to political pressure and having -- done by the exchanges.
Which have to worry about their own credibility and about their own own financial.
You know credit worthiness I'd rather have -- set by the exchanges and -- no Lou if you set those -- margin requirements to high.
You actually may induce more volatility because all you've got his big players.
Who you know who can drive the market up or drive the market down with a greater volatility than if you have a number of other players in the market.
I I was surprised -- that the president didn't take note of the fact that Commodity Futures Trading Commission.
And already voted to restrictive positions that traders can take -- it's always great to talk with thanks -- be any reports and you share.
-- breaking news.
Filter by section