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Rep. Maurice Hinchey clearly knows little about how supply and demand works in free markets, but the New York Democrat gets high marks for candor on the basic assumption underlying his party’s approach to high gas prices: “We [the government] should own the refineries. Then we can control how much gets out into the market.” Hinchey’s comment should be viewed in the broader context of House Speaker Nancy Pelosi’s second-guessing of oil industry decisions about where to drill, and presumptive Democratic presidential nominee Barack Obama’s preference for a “more gradual” pace for spiraling gas prices. The Democrats’ fundamental policy is this: Washington politicians and bureaucrats should have the power to ration energy, set energy prices and regulate how energy is used … everywhere. It is a prescription for a vast new government intrusion into everyday American life.

http://www.examiner.com/a-1450696~A_stark_choice_on_gas_pric es.html

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