The Democrat Gas Price Policy
Wonder why gas costs what it does right now?
Members Voting Against Peterson Amendment to Lift Federal Moratorium on Exploration of the Outer Continental Shelf
House Appropriations Committee
May 10, 2006
Allen Boyd (D)
What part of supply and demand do they not understand?
WASHINGTON, April 18 /U.S. Newswire/ — House Democratic Leader Nancy Pelosi released the following statement today on news reports that the price of oil has skyrocketed to more than $70 a barrel:“As Americans pay almost 90 percent more to fill their gas tanks since President Bush took office, oil companies continue to reap gigantic profits and oil executives receive astronomical compensation. Record prices, record retirement packages, and record profits are just the latest example of the wealthy few benefiting at the expense of hard-working Americans under the Bush Administration.
“The Republican Rubber Stamp Congress has passed two energy bills, costing taxpayers $12 billion for giveaways to big oil companies. But the Republican bills clearly have done nothing to lower gas prices, as the price of a barrel of oil has settled above $70 a barrel – the highest price in our history. Even the Chairman of the Federal Reserve agrees that gas prices are decreasing the purchasing power of American families and depressing the U.S. economy.
“Democrats have a plan to lower gas prices, taking America in a new direction that works for everyone, not just the few. Our plan would empower the Federal Trade Commission to crack down on price gouging to help bring down skyrocketing gas prices, increase production of alternative fuels, and rescind the billions of dollars in taxpayer subsidies, tax breaks, and royalty relief given to big oil and gas companies.”
What part of supply and demand does SHE not understand as well? Given the chance to do something about high gas prices, her comrades chose to oppose doing anything about it.
To be accusing Bush and Cheney of being oil guys, the oil industry couldn’t ask
for better foot soldiers than Pelosi and her bunch. Remember that in November folks.
- Heads up to Redstate.com for the article.