Friday, May 11, 2007

Big Government Attacks Big Oil

The anti-capitalist Democrats are at it again. Build more refineries? Not on your life. Cut the taxes on gas? Forget about it. Take money from what the media now refers to as energy companies? Sure. But at the same time, they'll demagogue the rising gas prices and blame the dreaded Big Oil.

As Gas Prices Rise Again, Democrats Blame Big Oil
Sen. Charles E. Schumer (D-N.Y.) said Congress would look into breaking up the giant companies. Sen. Maria Cantwell (D-Wash.) promoted her anti-price-gouging bill, which the Senate Commerce Committee adopted on Tuesday. And Sen. Bernard Sanders (I-Vt.) backed a windfall profits tax, pointing to $440 billion in profits over the past six years for the nation's five biggest oil companies.

"I think it's time to say to these people, 'Stop ripping off the American people,' " Sanders said.
Every year, it's the same nonsense from these clowns. They kvetch and moan about gas prices, yet do nothing to help alleviate the problem.

They love having it both ways, and a compliant media do little to expose their double standard.
Now in the minority, Republican lawmakers this week poked back at the Democrats' ideas. "I think it shows that they're either unbelievably naive about how markets work or unbelievably cynical," said Rep. Joe L. Barton (R-Tex.), former chairman of the House Energy and Commerce Committee.

Barton said most Democrats opposed opening up new areas of Alaska or the Outer Continental Shelf for oil and gas drilling. "If you want to get prices down, you're going to have to have a supply component to energy," he said.
Here's a suggestion to get prices down. Waive the state and federal tax on gas for a week. Consumers will then realize just how much they're paying in taxes per gallon. Just don't wait around for that to happen.

No comments: