Louisiana representatives Charles Boustany and Steve Scalise's letter to the eidtor of the Times Picayune dated 4/17/09 is just another scare tactic to maintain the status quo of corporate welfare to the Oil and Gas Industry. Congress has already given that industry over a year ago $7 or $8 billion of corporate welfare at a time when oil was over $100 barrel and gasoline $3.00 gallon.
They now say the government should be giving them more to increase production. What is stopping that industry now from increasing production? Oil is over $50 barrel and gasoline around $2.00 gallon. The rig count both nationally and in Louisiana has been going down. That reflects supply has overtaken demand because the people have cut back on their driving habits and are using less fuel. That is good sense by the consumer and good for the economy, they can spend their money on more productive things like consumer goods, health insurance and education.
Mr. Boustany and Scalise need to leave the pockets of corporate America, especially the oil and gas industry and their lobbyist. They preach conservatism and then cater to the special interest groups, then use the Cap and Trade legislature passed by the U.S. House to scare the people. The oil and gas industry has made record profits for the last several years, they can afford to do what ever need to be done on their own. Using tax payers dollars to give the oil and gas industry to increase production is wasted money.
The public needs to also remember it is members of congress who stack the tax code with loop holes and goodies that allow corporate America to pay less than their fair share of taxes and shields a good portion of their revenue from tax with offshore accounts. If any one believes corporate welfare will allow business to reduce their products costs to consumers, they need to study economics and learn that it is greed that fuels corporate America.
The status quo seems to be Mr. Boustany and Scalise's agenda. The American people voted the opposite way in the November elections.
1 comment :
Scalise is a real joke. The more he talks the more people understand how ignorant he really is. I can't think of many republicans in congress who are wrapped tight.
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