The Democrats are going to town with this seasonal spike in gas prices. Riding this media created, over-hyped, faux crisis into the 2006 campaign season, the Democrats claim to be the only party that can lower gas prices. Makes sense, right? With two fat cat oil men in the White House, the Democrats are the only party able to resist the temptation of big money from Big Oil.
(Nevermind the fact that government makes more money than oil companies do when the gas prices are high. We don’t want to confuse their issues with the facts people. That’s just bad form.)
How do the Democrats plan to lower gas prices? Why, they introduce the Windfall Profits Tax on those evil Big Oil companies. Because we all know it worked so well the last time it was tried.
The tax generated far less revenue than expected and actually trimmed domestic oil production when it tried a quarter-century ago.
For those of you who never had Economics 101, or went to public school in California, I’ll put this as simply as I possibly can.
Short Supply + High Demand = Skyrocketing Prices and Shortages
So I say let the Democrats have their Windfall Profits Tax. It helped Jimmy Carter get re-elected, didn’t it?
“Giving money and power to government is like giving whiskey and car keys to teenage boys.” - P.J. O’Rourke
[quote] From Ann Coulter today
http://news.yahoo.com/s/ucac/20060427/cm_ucac/itshardouthereforapump
a must read - once again ANN actually uses facts to support her argument
“The Democrats’ only objection to current gas prices is that the federal government’s cut is a mere 18.4 cents a gallon. States like New York get another 44 cents per gallon in taxes. The Democratic brain processes the fact that “big oil companies” get nearly 9 cents a gallon and thinks: WE SHOULD HAVE ALL THAT MONEY!”