Monday, September 15, 2008

"Grossly excessive" Steve Beshear pandering

Fortunately, it appears the hurricane winds weren't enough to cause a gasoline supply disruption for Kentucky.

But we got enough hot air from Gov. Steve Beshear to last us for a long time. The way our "price gouging" law is written only encourages him and politicians like him to go around calling gasoline suppliers dirty names.

The standard for violation of the Kentucky "price gouging" statute is too vague for anyone but a trial attorney or a politician trying to boost his approval ratings to appreciate. The bill subjects anyone to prosecution for selling goods and services during a called emergency for a price that is "grossly in excess" of the normal price.

In fact, the law is so vague Beshear and Attorney General Jack Conway might just fine retailers around the state until they pile up the extra $500 million they want to tax you for.

Does anyone need to be reminded who those extra costs will be passed along to?

It would be much cheaper for all of us to simply repeal this awful law.