If the GOP were smart, they would play the John Galt trick on the Dems. Give them what they want, and watch them pay the price.
Rush made a very good point last week.
He wondered when democrats were going to go after the outrageous and unaffordable tuition fees at colleges and universities.
I guess one could refer to as “big education” if you wanted.
Oh yeah...that’s an industry run by liberals - so they get to soak the consumer for all they’ve got.
Oh, for pity’s sake. The Dems cry about the oil companies, yet refuse to drill in ANWR, or off the U.S. shore. Don’t believe the Dems are serious about getting the oil prices down at all.
If they remove the tax incentives, won’t that cause the price of gasoline to INCREASE. These Democrats deserve an F- in economics.
Let’s blame farmers for high corn prices.
Producers don’t determine price... consumers do.
“eliminate roughly $18 billion in tax incentives for oil and gas companies”
Making it more expensive for O&G companies to find and produce hydrocarbons. Who will they pass that added expense on to?
Idiots
Bush can’t sign this; it would then be tagged as the GOP raising gas prices.
No, Bush must veto and let the Dems override the veto if they can.
Eliminating these tax incentives is not such a bad idea. With the U.S. dollar weakening as it has been over the last couple of years, we may very well end up in a situation where U.S. taxpayers subsidize an oil industry whose primary source of revenue is the EXPORT of oil from the U.S. to foreign customers.
GW has been maddening imprecise and incoherent on "Energy" . When I twice-voted for this charmingly tongue-tied yutz, the very least I expected was a few new refineries to get the go ahead, or at least encouragement.
GW has made very ineffective use of the "Bully Pulpit," and shown no leadership on "Energy." He has even been wishy-washy on "Global Warming," never even contesting Al Gore's more outrageous unscientific scaremongering. Imagine the turn-around Mumbles Bush could pull off on this and other issues if he had the wherewithal to just come out and say "we need more refineries, there is no oil shortage, Global Warming is a crock, yes pollution is bad, but we don't have much in this country ... etc. etc."
Being a fighting democrat is extra easy when you have George Bush passing you the ammo. Thanks to him and the rest of the country-clubbers at the RNC, we face a very real danger of a wipe-out in the WH, House and Senate. Let's just pray that this good, but incoherent and nuance-deaf fellow somehow manages to go out with a bang and not just (yet another) whimper. .
If the GOP were smart ..... What ho? Prayer time again? If the GOP were smart, there wouldn't be a Nancy Pelosi and the oil-price problem, which has sunk previous administrations would never happen. What happened was "No Leadership."
She's going to tax the oil industry more. Don't you know that the way to reduce the price of something is to increase the taxes on it?
Unfortunately, voters are apparently too stupid to grasp that irony.
When this happens you no longer have a free market. It is not the law of supply and demand only that acts to control prices the main thing that controls prices in a free economy is competition.
You know that old idea where a company competes against other companies for your business by trying to give you a better cheaper product, by keeping down overhead and investing in research, thereby forcing other companies to do the same. creating jobs and a growing economy.
What you have now is a bunch of fat greedy extortionists that have a stranglehold on all aspects of the energy market,eliminating all competition, controling supply,and prices.
Oil[energy] is the very lifeblood of any industrial nation. They with their illegal monopolistic friends have a death grip on our nation's economic throat squeezing it as hard as they can for all the dollars they can leaving very little for other business or consumer needs.
As other companies energy cost go up so do their prices out of necessity. That's why everything else has gone up 30 to 40% . Food, utilities etc. That's the reason those anti-trust laws where put in place in the early part of the 20 century was to keep greedy industrial extortionists from getting absolute control of products vital to the nation's economic health.
Big Business no matter what they say literally hate competition and a free market and do everything they can to eliminate it because it makes them have to stay on their toes and strive to give the consumer better products at a better price aka free market.
They are for the most part the most cruel cold - hearted people in the world.
They want the highest profits, highest bonuses and free labor if possible. These things within reason are understandable but when they lead to your own and your country's demise then it's very wrong.
Big Business, when greed sets in as the case of the major oil companies can't see past next quarter's bottom line. Next year there may be one without a bottom.
LOL! You assume that the GOP knows who John Galt is.
Kicking up royalties and taking profits away is a surefire way to keep the cost of oil down.
right?
They should go after ethanol.
Firemen can’t put out that kind of fire well at all.
All these people growing corn raised the price of corn through the roof.
People foregoing other crops to grow profitable corn will probably double the prices of all our food.
Oil is OK, they need to stop ethanol.
Punish the productive. Typical Dem response...
“Oil yesterday finished at a new high of $100.88 a barrel in New York futures markets”
One of the main reasons for the high price of oil right now is the failure of global warming to produce. Too much energy used for heating.
I notice that individual Democrats continue to purchase gasoline, thus contributing to increased demand as well as increased price.