Tuesday, April 25, 2006

Bush v. Big Oil? Things MUST be bad

Things must be bad if it looks like Bush is ready to take on big oil.

: "Bush said the Federal Trade Commission, the Justice Department and the Energy Department were investigating whether the price of gasoline has been unfairly manipulated. The administration also contacted all 50 state attorneys general to offer technical assistance to urge them to investigate possible illegal price manipulation within their jurisdictions.
Of course, looks can be deceiving. Bush isn't really taking on big oil. His first priority is actually suspending environmental rules.

If Bush were serious about doing something aout market manipulation, he would be listening to members of his own party who say we need to be looking at a windfall profits tax.

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