Wednesday, May 10, 2006

Congress not as interested in gas prices as you might think

Congress has been blustering about gas prices a lot lately, tossing out ideas of investigations and windfall profit taxes. If you thought they were serious about actually doing something substantive about chipping away at fuel costs, though, you were just fooling yourself. Example A:

President George W. Bush's proposal to drop a tariff on imported ethanol isn't likely to get through Congress, Senator Tim Johnson (D-SD) told Agriculture Online Wednesday.
Johnson said Wednesday that there's too much opposition for that to happen.

"I think we're going to be able to beat this back. We have bipartisan support on the Senate side for maintaining the tariff," he said.

Next time you hear a blowhard in Washington whip him or herself into frenzy on gas prices, remember that it is all just political positioning. They don't really care about how much you spend on gas, all they care about is where their political bread is buttered, and in this case it is with farmers and the ethanol industry, not you.

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