May 1, 2008

Unbelievable

Democrat Chuck Schumer and the rest of the democrat-led Congress are at it again. Not only do they drag all the oil executives in to explain their profits, now they're dragging in farmers and bakers to explain why their profits are so high. Yes, gas is expensive (although cheap when compared to the rest of the world), and yes food prices are on the increase. But let's look at why this is.

The government makes a 20% "profit" from each gallon of gasoline sold via taxes. This means they do absolutely nothing to purchase, refine, or distribute the gas, yet they make 20% off each gallon of gasoline sold. Second, the democrats with their environmentalist friends prevent the US from becoming self sufficient b/c they pass laws preventing us from drilling for oil on our own soil (ANWR, off the Gulf Coast). Then they pass laws mandating a special blend of gas during the summer because of the Global Warming myth which costs more to refine, which in turn, increases the price of gas.

And with food, because of "Global Warming", the government is pushing ethanol, so they're subsidizing corn farmers who make ethanol. What does this mean? Less corn to feed cattle, less corn to feed people, which causes a ripple effect. Price of meat goes up, price of milk goes up, etc. etc.

So who is causing this increase in prices?? Your ever-so-wise government (the same incompetent people who have a monopoly on our educational system). And Chuck Schumer has the audacity to grill the oil execs, farmers, and bakers and demand to know why they are making so much money???? Are you kidding me???? His policies are the cause of it all!

Click here for the story.

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