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My tone deaf Democrat Congressman: Mouth works, ears and brain don't
Today i got an e-mail from my Congressman, Chris Murphy, telling me we ought to "talk about solutions to our oil crisis"
So was the solution more oil drilling, or lower taxes......nooooooo.....
"We need to rein in out-of-control speculation and help bring our commodities markets back in line with economic fundamentals"
and "we need to find a way to wean ourselves off of petroleum. We’ve got to invest in technologies that will bring us closer to that goal, like hydrogen fuel, and wind and solar energy sources. And part of the solution can be a national investment in alternative transportation options, like commuter rail. " (Note to Chris.....there are 41 towns in your district and only a handful still have active rail lines...mind costing this out?)
he admits now..".There are no quick or easy answers to solving our energy crisis,"
that's not what he said when he ran two years ago....
See, the problem was those "big oil companies " were "price gouging" and if elected. Murphy would "stand up to them"
In the summer of 2006 gasoline was $3.14/gallon and it was all Nancy Johnson's fault since she had taken contributions from oil companies.
Now two years later the price is 35% higher and Chris Murphy claims to have nothing to do with it. So much for stopping that price gouging, Chris. Actually, he has nothing to do with the solution as he is a firm member of the "Drill Never" caucus. http://dems.house.gov/index.asp?Type=B_PR&SEC={2D7E6E08-EBA9-41F2-96E7-638CAE603CE3}&DE={006C3F9C-40F2-485F-9381-34E1D740316F}
Evidently increasing supply to consumers is just to help those evil oilmen "The president should stop doing long-term planning for oil company profit-making and start doing short-term planning for American families," said Rep. Chris Murphy, D-5." http://dems.house.gov/index.asp?Type=B_PR&SEC={2D7E6E08-EBA9-41F2-96E7-638CAE603CE3}&DE={006C3F9C-40F2-485F-9381-34E1D740316F}
Perhaps he ought to look in the mirror on that price gouging bit, since as a State Senator he voted for the nation's highest taxes on gasoline---http://www.journalinquirer.com/articles/2008/05/27/connecticut/doc483c0e6fa3764598083517.txt,taxes ---so onerous even CT's liberal legislature postponed the increase which Murphy voted to take effect this summer.
I'm a fan of old movies, and I'm willing to spring for the Blockbuster rental of this Eddie Murphy classic to educate the sophomoric freshman Congressman, who has proven to me a legacy can get a degree from Williams College without having a clue about economics
In this scene from Trading Places http://www.imdb.com/title/tt0086465/ Eddie Murphy and Dan Ackroyd have discovered their evil financier bosses have a plan to use stolen secret government information on the supply of orange juice to scam other investors. So, being the sporting folks they are, they steal the real report and slip the Dukes a fake one with exactly the wrong information about the supply.
Convinced that there is very limited supply, the Dukes order their minion to buy up every orange juice contract there is ....and when the rest of the floor catches wind, they presume there is very limited supply and buy furiously, as the price will go up and stay up.. Immediately prior to the announcement of the real report, Ackroyd and Murphy start selling, cashing in on the frenzy.
The USDA announces there is no supply shortage.....and guess what....the price plummets!!! The Dukes are now stuck holding wildly overpriced future contracts which their minion cannot unload fast enough before he collapses in exhaustion. Meanwhile Murphy and Ackroyd buy back futures at a depressed price and pocket the huge difference while, the Dukes, who speculated on the shortage, are ruined.
So Eddie Murphy knows something Chris Murphy doesn't---the way to pierce a speculative commodity bubble is to increase supply!
Chris Murphy just wants to "talk about " the energy crisis, when before he was elected he said he was "listening". What part of Drill Now! are you too deaf to hear, Congressman?
Increase supply=lower oil prices=stronger dollar=lower long term interest rates
On the issue of oil prices I wish I had a Congressman named Murphy who used his brain. Can we have a sequel of Trading Places and exchange Chris Murphy with Eddie Murphy?


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