The Gouge Party
http://www.ibdeditorials.com/IBDArticles.aspx?id=297990974123443
By INVESTOR’S BUSINESS DAILY | Posted Tuesday, June 10, 2008 4:20 PM PT
Energy:
America was saved Tuesday from a Democratic Congress determined to do more damage to our economy and raise oil prices still higher. Energy taxes and eco-extremism make Democrats the real oil gougers.
The most absurd provision in the thoroughly ridiculous energy package offered by Senate Democrats this week was to make price gouging on oil and gas a federal crime, punishable by a fine of $5 million if an energy emergency has been declared by the president at the time of such price fixing.
The DNC needs to make a remedial class on Economics 101 a pre-requisite for all freshmen Democratic Senators. One key economic concept that must be hammered home in this class is: “IF DEMAND REMAINS CONSTANT AND SUPPLY INCREASES, THE PRICE OF A COMMODITY WILL DECLINE.”
Oh, but why spoil the fun of being a camera-loving demagogue with silly old supply and demand!
~~John Cronin~~
Killing the geese that provide our economy with black gold is no answer to high energy prices. Developing more of our own energy is vital not just for relief at the pump, but for our national security in the global war on terror. At least one party in Congress gets it.
