Conservative and Libertarian by logic, common sense and choice....gay by default.
High Gas Price Hypocrisy
By Tim Turner | May 14, 2008
Every day I get angrier… watching the price of a gallon of gas continue to climb. Which it will. I get angry at the idiotic claims that George Bush and Dick Cheney are to blame because of their associations with big oil. I even read on one blog that it is “just another way in which Bush has ruined the world.” Where did these people go to school, or did they? Never mind, I know that one. I honestly believe that some of these folks don’t want to know the real truth. Maybe they can’t read.
John R. Lott, Jr.: High Gas Prices Are Not Something New
Ironically, Democrats won the 2006 elections and took control of both the House and the Senate by promising they would reduce gas prices. Yet, with regular gas now selling above $3.67 a gallon, Americans can only longingly remember the average prices of about $2.20 a gallon that Democrats were complaining about in early November 2006. The Democrats’ bigger sin is that they seem to have no understanding of how markets work.
Senator Obama sees part of the solution in a massive windfall tax on American oil companies. Putting aside the fact that having politicians blame oil companies is a bit hypocritical — U.S. oil companies have paid more than three times in taxes to the government than they have earned in profits over the last 25 years — higher taxes on profits will reduce production and increase prices. A higher tax on profits will mean fewer investments in producing oil and that in turn will mean less production in the future.
Over the longer run, the U.S. has refused to increase production of oil despite huge untapped reserves. While New York Sen. Charles Schumer and other Democrats lambast Saudi Arabia and other countries for not increasing oil production enough, these same politicians have consistently voted against any increase in U.S. oil production.
There are literally thousands of opinion posts via a Google search on both sides of this issue, but it doesn’t take a rocket scientist, or a gay conservative, to see the constant blabbering of hypocrisy regarding the causes of higher gas prices, when the true reasons are hidden or omitted from the public via the major media.
Dirty Secret Of High Gas Prices
Yesterday Democrats on Capitol Hill delivered another spectacle of incandescent stupidity — they once again dragged in “Big Oil” executives for a ritual flaying over high oil and gas prices.
The economic illiteracy – or hypocrisy and deceit — was breath taking. And I’m not talking about the executives.
Democrats are “outraged” that gas prices are well over $3. But don’t worry, they have a plan to lower prices – Raise taxes to make it more costly for “Big Oil” to find, pump and refine oil:
‘Nuff said….
Topics: democrats, economy, government | No Comments »