Politicians Posturing...as usual
Does anyone actually believe this conversation actually took place:
"I was at a funeral Saturday, and when the monsignor greeted me, he said, 'My God, Bart, you have to do something about these gas prices!' " said Rep. Bart Stupak (D-Mich.), chief sponsor of the anti-gouging bill.
So the Democrat-controlled House (with help from moronic Republicans) have passed a bill, which if enacted into law, would have the perverse effect of discouraging investment in the petroleum industry (why would anyone want to invest their money in an industry in which it would be impossible to price their product to reflect actual economic conditions, including increased demand or supply constrictions?), which would result in the legislation having the exact opposite of its stated intent.
Could someone with enough money please buy each member of Congress a copy of Sowell's Basic Economics? And while we're at it, pay someone to babysit them and make sure they actually read it.
Source: House passes gasoline gouging bill - Los Angeles Times via Drudge