I have tried to use CE Images Bulk Tag with Wygwam per Ryan Masuga instructions ( http://bit.ly/1NEzxUF ). It works for resizing the images, putting in floats and padding around the image when needed. One problem when I pull the browser to the next viewport the image does not resize, its not responsive. I am using bootstrap, so I have added the class .img-responsive. I also added the class #news img {max-width: 100%; height: auto; display:block;}, thinking that might help. Still no image responsive behavior.
example: http://osd.seeingishosting.com/news/news-view/testing-images
<div class="col-md-8" id="news">
{exp:channel:entries channel="News"}
<h2>{title}</h2>
{exp:ce_img:bulk width="700" crop="no" allow_scale_larger="no" quality="80"
output='<img src="{made}" alt="{attr:alt}" class="img-responsive osd-border" style="max-width:{width}px;{attr:style}" />'}
{main_body_copy}
{/exp:ce_img:bulk}
{/exp:channel:entries}