Let’s start with Ultra Liberal Number One. Obama said; “I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money in their pockets, but also by encouraging the market to adapt to these new circumstances more rapidly, particularly U.S. automakers…”.
The Democrats have always wanted to tax gas up to its current price; they just never had the guts. That’s why they’ll just around and act like they’re doing something to lower gas prices, when in reality, they love it, it’s their dream come true. I’m sure everyone knows why the Democrats want the high gas prices; it’s to encourage alternate forms of energy and transportation. But I think they can’t help themselves it’s just because they love to raise taxes, and they want so badly to be like the Europeans. Apparently they have no concern for the hard working Americans who are going broke in the process.
I’m tied of their lame excuses for not drilling for oil. They tell us that drilling for more oil will not help our circumstances. Yes it will. The first thing that it will do, if the World believes we are serious about massively extracting our own oil reserves, is have an effect on the speculators who are driving up the price of oil. They will no longer see such a bleak picture of future supplies. But even if this does not happen, what’s wrong with us using our own oil, and keeping our own money, in our own country? Our trade deficit is bad enough. They say; oh if we start now, we won’t see any results for ten years. That’s what they’ve been saying for the last ten years; let’s get this show on the road.
This is a post I found on the Heritage Foundation Blog sight.
When the Democrats were still in the minority, Americans were paying $2.91 a gallon on average for gasoline. At the time, Minority Leader Nancy Pelosi (D-Calif.) promised “a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.” This is standard boilerplate for liberal politicians when Americans complain about gas prices: blame Big Oil greed for high gas prices and promise that big government investment in alternative fuels will save the day.
Now that Democrats have been in power for 18 months, the average national cost for a gallon of gasoline is over $4 and the only change in Pelosi’s policy has been to add OPEC to her list of people to blame. Nobody seriously believes that any of these policies are capable of reducing gas prices in the short term. OPEC countries are not about to start pumping more oil because Pelosi says so, and even the New York Times openly mocked the House investigations on oil market manipulation.
The other items on the liberal gas-price-lowering agenda–increasing oil company taxes and mandating biofuel use–only increase the price of gas. Raising taxes on the cost of capital for oil production decreases supply and raises prices. In the short term, tax-paying corporations tend to recoup increased tax payments in the form of higher retail prices. The billions of dollars necessary to build the infrastructure to meet the more than doubling of the biofuels mandate also can only raise the price at the pump today. Now liberals in the Senate want to institute a Hugo Chavez-like windfall profits tax, a policy that only raised energy prices in the 1970s under Jimmy Carter.
But Dems keep encouraging the delusion that high fossil energy prices–particularly gas prices–are some sort of weird aberration resulting from the greed of oil executives or Saudi intransigence. They keep encouraging the delusion that with a few policy gimmicks we can bring those prices back down. … As long as Americans think that energy prices might go back down at any moment–that the cheap-energy good times of the ’90s are but a “windfall profits tax” away–they won’t support a policy they’re told will increase those prices. They need to be told the truth.
Roberts is right. Americans need to be told the truth. Liberals in Congress have been fighting to raise the price of gas for years. According to Sen. Chuck Schumer (D-N.Y.), the daily oil production from the Arctic National Wildlife Refuge would reduce the price of gasoline by 50 cents. Liberals in the White House and Congress have been blocking the development of this oil for more than a decade now. Billions of barrels of oil in Colorado, Utah and Wyoming have also been restricted, not to mention the billions more denied from offshore drilling.
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