10/25/2005

Energy News: gas prices are so high that the gang bangers are now doing walk bys......

In real life, it looks like $60 might be a support (or resistance) area. There is a lot of trading on both sides of that number with a bias to the high side.

New York Times solves the gas price problem, which means they have the liberal solution. Tax gasoline so the price rises to $3, which will tax almost everybody out of the gas guzzlers. Even better: give the excess money to the poor. Not mentioned by the paper of record, is that the poor created by the high gasoline price are those who will not be able to afford everything from food to underwear. The genius class will also give tax breaks to low income people, people who already pay zero federal taxes, so does this mean rewarding low income by giving them mine? A moron asks.

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