Tuesday, April 25, 2006

Lone Voice in the Woods?

Neil Cavuto takes Schumer to task and speaks up about oil prices (via Michelle Malkin):
 
""
I see Chuck Schumer wants to investigate the oil companies for price gouging. Why doesn't he ask his fellow politicians to do the same about tax gouging?
 
After all, oil companies' profit works out to nine cents a gallon. Taxes total more like 40 cents a gallon.
 
But you don't hear Schumer whining about the taxes. After all, that's an easy source of revenue for a monotonous list of social programs whose failures are legendary. Better to keep funding them through taxes that are killing us, than demanding accountability due all of us.
 
Senator, if you want to bring gas prices down, start offering solutions and stop playing games.
 
Start opening areas for more oil exploration here, so we don't rely on oil from over there.
 
Start ending the environmental catchpenny of blended fuel mandates, that's done squat to clean our air but done tons to sully our wallets.
 
Start removing the restrictions that prevent companies like Wal-Mart from selling more gasoline here.
 
And start demanding the same accountability of our tax dollars that you do oil giants' dollars.
 
You do motorists no good, Senator Schumer, when you motor past the facts and only stop for an open microphone.
 
No one's a saint in this process, Senator, least of all... you.
""
 

Capitalism Under Attack

What is the deal?
 
It seems everywhere you look, the media is complaining about oil companies making a profit. And now just about every politician seems to be backing away from support of the oil companies and capitalism.
 
Granted the media is downright intimidating. They get a moral high ground going on a populist appeal-- such as oil companies are ripping everybody off-- and no one wants to stand up to the media and just say markets are markets. They go up and they go down. ExxonMobil doesn't control prices-- oil is a global commodity and there is a lot more to oil prices then 2 guys in a board room.