Louise slaughters Econ 101
... but displays a fine grasp of Marxist demagoguery ...
Slaughter introducing bill to cap gas at $2.50 a gallon
"It is clear that the oil companies are continuing to artificially drive up their prices and to gouge the customers at the pump."
It's clear? To whom? What does Ms. Slaughter know that the immutable Law of Supply and Demand doesn't? What does Ms. Slaughter know that a kid who runs a lemonade stand on a blistering hot day doesn't? Clearly, nothing.
This is what passes for deep thinking from the folks who sneer at US and call US stupid. Madam -- price controls on ANYTHING inevitably lead to SCARCITY ... also known as SHORTAGES. To paraphrase Adam Smith "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."
If Ms. Slaughter and her fellow economic Flat Earthers believe the price of gas -- or pharmaceuticals or heavy metal cds for that matter -- is too high, we encourage them to pool their resources, form an energy company and sell their product at a price that they consider below "gouging" levels.
She can expect to stay in business for about a week.
Slaughter introducing bill to cap gas at $2.50 a gallon
Gas prices are continuing to take a toll. Right now the average price of gas in Rochester is $3.25 a gallon. But, one local representative is trying to change that and give you a break at the pump. Representative Louise Slaughter says oil companies are banking billions as Americans pay the price. "It is clear that the oil companies are continuing to artificially drive up their prices and to gouge the customers at the pump."
Slaughter is introducing a bill that would require president bush to cap gas prices at no higher than $2. 50 a gallon, the national average price of gas per gallon before Hurricane Katrina hit.
Here's a breakdown. Let's say you buy 50 gallons of gas a month. At $3.25 a gallon you’re spending about $160.00. If that price is lowered to $2.50 a gallon that brings your monthly costs down to $125.00, saving you $450.00 a year.
How soon could you see relief at the pumps? Representative Slaughter hopes to have her bill passed by the end of the year.
-more-
"It is clear that the oil companies are continuing to artificially drive up their prices and to gouge the customers at the pump."
It's clear? To whom? What does Ms. Slaughter know that the immutable Law of Supply and Demand doesn't? What does Ms. Slaughter know that a kid who runs a lemonade stand on a blistering hot day doesn't? Clearly, nothing.
This is what passes for deep thinking from the folks who sneer at US and call US stupid. Madam -- price controls on ANYTHING inevitably lead to SCARCITY ... also known as SHORTAGES. To paraphrase Adam Smith "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."
If Ms. Slaughter and her fellow economic Flat Earthers believe the price of gas -- or pharmaceuticals or heavy metal cds for that matter -- is too high, we encourage them to pool their resources, form an energy company and sell their product at a price that they consider below "gouging" levels.
She can expect to stay in business for about a week.
posted by Mr. Buzzcut at 7:04 PM
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