A quickie post before I have to go, on the rising gas prices, Congress’s reaction and the pResident’s desire to do nothing.
President Bush and congressional Republicans are under mounting
public pressure to reduce gasoline prices, but they have few if any
policy choices that would cut them over the next few months as family
driving reaches its annual peak and as the midterm elections near.Energy
experts agree that almost everything that the president and Congress
can do to increase gasoline supplies or trim demand would take years to
implement. The few short-term options they have would do little to
prevent the price of gasoline from reaching a national average of about
$3.25 a gallon this summer.
Perhaps they should end the contentious rhetoric over Iran, which has been shown to be part of the reason that is driving the cost of crude to unprecedented heights.
The second idea I have is that most of us wouldn’t be so PO’d about paying these exorbitant prices if the energy companies weren’t given BILLIONS of our tax dollars each year. The high price of gas would be a whole lot easier to swallow if the energy companies weren’t making RECORD PROFITS as they pass along all the increased costs, and then some, to consumers.
The next question is, will state attorneys general actually investigate price gouging seriously?
