What do you do when your favorite grocery store raises its prices? Do you try to waste less food, switch to generics, or stop buying bottled water? If so, move to Cuba you pinko bastard.
Here in America, when something bad happens, we pick somebody to blame and sue them. Case in point, Congress and OPEC:
The House overwhelmingly approved legislation Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.The measure passed in a 324-84 vote, a big enough margin to override a presidential veto.
I feel dirty. This is the second time in the past few months I've found myself agreeing with Bush (other time was the farm bill). The White Houses view:
The White House opposes the bill, saying that targeting OPEC investment in the United States as a source for damage awards "would likely spur retaliatory action against American interests in those countries and lead to a reduction in oil available to U.S. refiners."Yeah, that sounds about right. Although I'm pretty sure they got cut off before adding that "the Bush family derives most of it's wealth from oil, and so we're making a killing here. Cheney too."
Investigating the cause of current high prices would be a worthwhile activity, and is part of the bill, but Congress has already jumped to its conclusion and pointed the finger. The only effect will be to jeopardize our already tenuous relationship, and drive prices higher. Thanks for that.
Although the real reason for the bill is likely the same as the gas tax holiday. Congress wants to look like it's doing something helpful, but of course it can't.
Error rating: 5.