“In the annals of stupid legislation, add a proposal from House liberals that would set up a “Reasonable Profits Board” to decide when oil companies have made too much money. We pay lawmakers for this?”
Investor’s Business Daily editorializes,
Now to be fair, this idiotic law is backed by just a handful of far-left liberals in the House. It’s not like any prominent mainstream Democrat would propose something so dumb.
Er … except that Barack Obama promised to do pretty much the same thing when he was running for president. And as recently as last fall, he declared that companies “don’t have some inherent right just to — you know, get a certain amount of profit.”
Clearly, the country is in the best of hands.