Tuesday, May 02, 2006

Cal Thomas: "Republicans Running On Empty"

This article in Townhall by Cal Thomas pretty much sums up my opinion of in-power Republicans that seem to have lost all grip on their base philosophies.

So it has come to this: A group of Senate Republicans has proposed $100 rebates to low-income people to ease their "pain at the gas pump." They also are entertaining the possibility of higher taxes on oil industry profits, as if government does a better job of spending money than private industry. Have they forgotten the last time government imposed a "windfall profits tax" from 1980 to '88? Oil production fell (but demand grew) as "big oil" had less incentive to explore.
Just because Republican officials have forgotten Economics 101 and History 101 doesn't mean that I have.

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