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Democrats continue Bizarro energy talk- economics quiz

05/10/08

From here.

The statement below is beyond bizarre. Maybe I fell into some Slider alternate reality.

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"Now it is a crisis for every American family," the Michigan senator said in the Democrats' weekly radio address. She called the current energy situation "a crisis that doesn't just affect us at the pump, but also raises the prices of groceries, increases our home heating bills and squeezes small businesses trying to keep their heads above water."

Oil rose above $126 a barrel for the first time Friday and gasoline prices rose above an average $3.67 a gallon at the pump.

"Republicans want more drilling, more consumption and more tax giveaways for the big oil companies," she said. "Democrats say that those are exactly the policies that got us into this mess to begin with."

She promoted the Democratic proposals for changing energy policy. Those call for:

• Ending billions of dollars in tax breaks for big oil companies.

• Forcing the oil companies to do their part by investing some of their profits in clean and affordable alternative energy.

• Protecting the American people from price gougers and greedy oil traders who manipulate the market.

• Temporarily stopping the diversion of oil to the national Strategic Petroleum Reserve, which is already 97 percent full.

• Standing up to the Organization of Petroleum Exporting Countries and other oil-producing nations that are working together to keep oil prices high.

"This fight won't be easy," Stabenow said, urging the public to pressure the GOP. "The President and his oil buddies have gotten used to the spoils of plunder, and they won't give up without a fight."

Quiz: Which of the above Democratic proposals would decrease oil prices?

Answer: Maybe standing up to OPEC. How will they "stand up" (threaten) OPEC? Isn't that the kind of bullying Democrats want to avoid? And, who are the gougers? Names, please. The Democrats complain that the price of oil is too high and then criticize the Republicans for wanting more drilling? Duh!

Question for smart Democrats:

Does it bother you that your party is so shamelessly demagogic? So patronizing? So illogical?

Tags: democratic response radio address
By nguirado ( Email ), 12:07:09 pm, 351 words
PermalinkCategories: Economy :: 1 comment »

1 comment

Comment from: Henry Gomez [Visitor] · http://bucl.org
You don't "stand up" to OPEC, you undermine their ability to determine world oil prices by changing the global supply situation. How do we do that? Simple, we drill where we know there's oil domestically. The caribbean, ANWR, etc. We can lower the price per barrel by increasing the number of barrels on the market.

I'm for removing all corporate subsidies, especially in the energy sector. It doesn't make sense to give one type of energy production a hand while competitive types don't get it. What we get is a race in which the winner is not clear. It's important for us to know which are the most efficient sources of energy on their own merits, not because of subsidy.
05/10/08 @ 22:55

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