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Tuesday, June 24, 2008

Misdirected Finger

Misdirected Finger
Should one laugh or cry? It’s highly unlikely that United States Senator Dick Durbin is an idiot. He has a college education and he was elected to the US Senate. Yet, when he exhibits absolutely no understanding of the way the free market works, one is left with limited choices regarding the august Senator. He’s one (or more) of the following:

1. A cynical politician who knows better.

2. An economic Marxist.

3. An economic illiterate.

Whatever he (and all the liberals in the Senate who called the oil executives to the Hill for political posturing) is, there’s one thing he is for sure—a certifiable hypocrite. 

Let’s make this short and sweet. When there is a shortage of beans, the price of beans goes up. When there is an oversupply of beans, they become worth very little. The same thing is true of oil. When you have plenty of oil the price goes down. When there is a shortage, the price goes up. 

There is only one group that has caused high gas prices—politicians who blocked oil exploration, production, and refining. Politicians like Dick Durbin, Ted Kennedy, Hilary Clinton, Barak Obama, Harry Reid, et. al. These "leaders" are the ONLY reason we have exorbitantly high gas prices. 

They blocked off shore drilling (even at 60 miles out). They blocked drilling on a miniscule 10 square miles in Alaska. They blocked exploration in Montana, Utah and other states. They blocked the construction of new refineries. 

Their finger pointing is misdirected. They need to look in the mirror, because they are the problem.

If you like gas prices at $4.00 or more per gallon, then keep electing these folks, because there is no end in sight. In fact, on May 27, 2008 the price of a gallon of gas in London was the equivalent of $10 per gallon US.

It’s time to throw the rascals out!

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