Tuesday, June 10, 2008


The Pelosi Premium

The drill nothing Congress

Investors Business Daily notes the increase in gasoline price since Democrats took control of Congress:
That represents a more than 75% increase in the retail price of a gallon of gasoline on Pelosi's watch. Call it the "Pelosi premium" we're all now paying.

It's a problem driven by domestic supply restrictions imposed by the Democratic Congress in the face of growing worldwide demand. The Democrats preach energy independence while they do everything in their power to prevent it. If the American people truly want change, this would be it.

A Gallup poll released in May showed that 57% of the American people wanted the U.S. to drill in coastal and wilderness areas. The percentage of Americans who bought Pelosi's line about price gouging fell from 34% in May 2007 to 20% in May 2008. It could be a winning issue for the Republicans and John McCain.

(My emphasis. Via William Katz.)
It would be a winning issue, but I wonder if McCain will use it.

I do like the phrase 'Pelosi Premium.' Perhaps I'll start using it every time I hear anyone, particularly people I know who recently voted Democratic, complaining about the price of gasoline.


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