Crush Liberalism

Dems break campaign promise to stop gas price hikes

Capitalism sure kicks their leftist posteriors, doesn’t it? From the Washington Times:

A gallon of gas costs an average of $2.68 nationally and is rising — about the same price as last spring when Democrats on the campaign trail vowed to swiftly ease the pain at the pump if elected.

The Democrats went on to win control of Congress, and the House quickly passed a bill to roll back oil subsidies, a measure leaders trumpeted as “a first step toward a future of energy independence.” But months may pass before the Senate considers the bill, and analysts predict gas prices could hit $3 per gallon by summer.

“You have feel-good legislation, but at the end of the day it doesn’t really alleviate the burden or change anything right away,” said John Townsend, manager of public and government affairs at AAA.

Mr. Townsend said: “Much of what is going on is beyond the control of Congress.”

Yeah, that whole “supply and demand” thingy sure is funny that way.

April 3, 2007 - Posted by crushliberalism | economic ignorance