Hastert and Frist are decrying Exxon CEO Lee Raymond's compensation package, claiming that too many Americans can't buy groceries and put gas in their cars.
I don't like paying $3 for a gallon of gas either, but this mindless rhetoric from top Republicans is just ridiculous. We don't need Congressional hearings into gas prices and pay for oil execs. We need leaders who can take a break from the pandering long enough to pursue real domestic issues like entitlement and tax reform. Screaming about gas prices doesn't solve anything except make politicians feel better.
This guy agrees. He is no Bush fan, but he quotes internal Democrat memos encouraging their candidates to do campaign appearances at gas stations. Don't suggest any solutions, they say, just complain and rail against all things GOP.
The truth is the best thing we can do to lower prices is to drive less. Americans are showing some willingness and ability to do this, but not much. The obvious corollary to this supply/demand problem is that gas prices aren't too high. Yet. But it is political silly season, so don't expect much intelligent discourse on this very soon.
