Tuesday, June 10, 2008

Defeat of the Tax and Sue Democratic Scheme

It was gratifying to see the Dem's plan to tax windfall profits of oil companies go down to defeat today. It was such an amazingly misguided approach to "fix" high gasoline prices that I'm surprised they weren't laughed out of town. Sadly, that seems to always be the approach of the party of the Candidate of Change. We need to work on the supply side as well as to use common sense methods of husbanding existing resources wisely. Developing new energy resources is definitely something that needs done -- just not through ill-conceived tax-and-spend schemes.

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