28 April 2006

Billmon: Profiles in Chicken Shit II (GOP edition)

Bush Orders Probe Into Gas Pricing

President Bush has asked the Energy and Justice departments to investigate whether gasoline prices have been illegally manipulated, he announced in a speech this morning . . .

This year, Republicans, who are traditionally more sympathetic to the pleas of Big Oil, are lambasting the oil companies, with some calling for the consideration of a windfall-profits tax on the firms.

There was a time when no Republican worth his Adam Smith tie would have dared advocate something as flagrantly socialistic as a windfall profits tax — not with Ronald Reagan around to hear it. I can almost hear St. Ronnie now: "A tax on profits? What is this, France?"

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