Oh, this is precious. Go watch the
video, where
even FOX calls bullshit on these guys, then come back to read on.
Incumbent Republicans are just tripping over themselves trying to push the same old insane policies that have gotten us into this awful $4 a gallon gasoline and $5 a gallon diesel. They stupidly decided to hold a presser on it.
Michael Burgess (R-TX 26), Joe Barton (R-TX 6), Kay Granger (R-TX 12), and Pete Sessions (R-TX 32) showed up at a CLOSED Tom Thumb grocery store in Arlington to demagogue to the media about their sophomoric ideas about economics. According to this bunch of bozos, all we have to do is "start drilling" and prices will "drop overnight".
Typical Republican for these folks to hide from their constituents and conduct this dog and pony show in a closed grocery store where the public can't get in there and ask about things like:
- The Enron Loophole causing massive unregulated speculation and inflating prices.
- Speculators paying a lower tax rate than people who work for a living.
- $14,000,000,000 (14 billion) in Republican corporate welfare and tax breaks to Big Oil that haven't gotten us anywhere.
- Record low values of the dollar due to a $9,000,000,000,000 national debt and record budget deficits and trade deficits run up during the Bush administration.
Michael Burgess will be holding an "Energy Expo" on June 28th. I think people need to turn out and ask Michael Burgess why he puts big banks like Morgan Stanley and UBS above the interests of his own constituents.
What really gets me is how these folks can stand there with straight faces and try to blame Democrats for this, when after a decade of Republicans calling the shots on energy policy (if you want to call it that), the chickens finally come home to roost. Republican Phil Gramm inserted the "Enron Loophole" which has allowed commodity market speculators to do to the rest of us what Enron did to California.
Allow Republicans just "a little more time" to fix it? That's like trying to extinguish a fire by smothering it with gasoline. Not only will it not work, but you can't afford it.
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