Wednesday, January 28, 2009

Jack Conway's predatory rhetoric

Gov. Steve Beshear and Attorney General Jack Conway had a big time last fall calling gasoline retailers nasty names when worldwide oil demand caused prices to increase.

Given real-world concerns over possible supply disruptions and shortages in the wake of this week's ice storm, Conway is at it again. While some hot air might do us a little good, Conway's is at least good for one laugh:

Someone please buy Jack Conway a thesaurus before he tries to run for the U.S. Senate. Predatory pricing occurs when retailers seek competitive advantage by lowering retail prices below cost.

I'm assuming that's not what he meant to say.