On May 24, 7:34 pm, "SyVyN11" <thesyvy...@msn.com> wrote:
"Harry Hope" <riv...@ix.netcom.com> wrote in message
news:o36c531fg8ra5o7onr7b5s33g9lv1jqa4g@4ax.com...
http://www.montereyherald.com/business/ci_5974645
5/24/2007
Bush likely to veto gouging bill
House barely approves plan to penalize oil industry executives over
gas prices
By WILLIAM L. WATTS and RUTH MANTELL
MarketWatch
WASHINGTON -
President Bush is likely to veto legislation passed in the House on
Wednesday that would create hefty fines and criminal penalties for
gasoline price-gouging, the White House said Wednesday.
The legislation squeaked by in a House vote - 284-141 - under special
procedures that required a two-thirds majority.
The Democratic plan aims at battling rising gasoline prices by
requiring the Federal Trade Commission to define "price-gouging."
The bill would create fines and criminal penalties, including jail
time, for industry executives found guilty of it.
The White House, in a formal statement of administration policy, said
the legislation amounted to price controls that would hinder oil
companies and retailers from responding to market signals, potentially
worsening fuel shortages.
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Surprised? Ya are? Well, shame on you.
Harry
It's bad law. But it meshes with the liberal mantra of do anything, even
if it doesn't work, at least you're doing something.- Hide quoted text -
It's not bad law, it's moron Dicky Nixon law.
And since the only thing Bush knows about
law is morons like Clinton,
it's just the way things go at the old moron
Stupreme Court Jimmy Hoffa Game.
Yabba Dabba Doodoo for the Elvis Morons.
in New Dork.
- Show quoted text -
.
