Friday, July 28, 2006

More Democrat Economic Development

U.S. Rep. Dennis Kucinich (D-Cleveland) has a plan to lower your gas prices that is so progressive, so forward-looking, so brilliant and...

Actually, this is a bill Kim Jong-il would love. It is a 100% tax on "excess profits" of oil and gas companies. Take a look at the bill. My favorite part is the establishment of a "Reasonable Profits Board" to figure out when oil and gas companies have made enough money.

This is a perfect example of why people who aren't happy with Republicans have nothing to gain by voting for Democrats. One bright spot: a close look at the bill suggests that the next cold winter would result in natural gas companies having little choice but to stop providing heat to just about everyone.

That would have an interesting impact on the global warming movement.

I'm not any happier than you are about how much it costs to fill up my gas-guzzling SUV, but it seems every effort to convict Big Oil of price gouging has fallen flat. If their average 8% profit margin were found to be by any means excessive, don't you think the Kuciniches would have trumpeted that news from the rooftops?