Senate Democrats today resorted to populist demagoguery in an attempt to avoid blame for high gas prices. They hauled the heads of the big oil companies up to Capitol Hill and berated them for making profits. They did it because they know we are unhappy with the high price of gas, and they want us to blame everyone -- oil companies, Wall Street speculators, SUV owners -- except Obama, Reid, Pelosi and their anti-energy policies.
This hearing won't do a thing to lower gas prices. Nor will the Democrats' preferred solution of raising taxes on oil companies. But the hearing did serve a useful purpose: It exposed the economic ignorance and arrogance of Washington's liberal elites.
During one exchange Sen. Jay Rockefeller (D-WV) accused Chevron CEO John Watson of being "deeply, profoundly, out of touch" for not endorsing the Democrats' calls for "shared sacrifice." To his credit, Watson fired back, telling Rockefeller, "I don't think the American people want shared sacrifice. I think they want shared prosperity."
Watson is right. Americans want policies that will create jobs and grow the economy. Unfortunately, we have gotten wasteful stimulus spending, a socialized medicine scheme and policies that seem designed to cripple America's domestic energy production. We are subsidizing Brazil's oil industry while we are attacking our own domestic energy industry. The liberal war on U.S. energy translates into a war on U.S. energy jobs.
http://www.ouramericanvalues.org/
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