More government regulation to "fix" things

One of my favorite Congressional commies, Rep. Maxine Waters, D-Calif. is shooting off her mouth, without really understanding economics, and threatened the nationalization of the oil industry because she thinks that it will lead to lower gas prices. What a bunch of shit. How do people like Ms. Waters, who have very little understanding of economics but have control over our tax money, continue to be in power? Why do we keep voting for these dopes?

WorldNetDaily.com: Congresswoman threatens to nationalize oil industry:
Maxine Waters warns Shell president in House committee hearing. In a grilling of oil executives by a House panel yesterday, Rep. Maxine Waters, D-Calif., threatened to nationalize the industry if it didn't do something about the rising prices at the pump.

"Hofmeister replied: 'I can guarantee to the American people, because of the inaction of the United States Congress (I am amazed, Congressional....inaction.....not my Congress!!), ever-increasing prices unless the demand comes down.'"

"The Shell exec said paying $5 at the pump 'will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies (emphasis mine).'"

"Waters responded, in part, 'And guess what this liberal would be all about. This liberal will be about socializing … uh, um. …...Would be about, basically, taking over, and the government running all of your companies."

"The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela."

Way to go Maxine, nationalize the oil industry, I'm sure that will help things out and get prices low enough for your liking (or reelection). Of course, building more refineries and drilling in our own country and off-shore of Florida (25 miles from the coast where the curvature of the earth would prevent the spoiling of the view) might help. Increasing supply and/or lowering demand is the way to reduce gas prices. Not more over-reaching government regulation in what once was a free market economy.

I watched a large part of the hearings on C-SPAN. What a useless dog and pony show! Members of Congress, please stop wasting my friggin tax money (which pays your salaries) with these useless bullshit hearings. Spend your tax payer funded time doing something useful like closing the boarder, lower my tax burden, allowing for drilling offshore and in Alaska and stop trying to restrict my gun rights.