Unspinning the Energy Bill.(Brief Article)

EARLIER THIS YEAR, SOARING GASOLINE AND ELECTRICITY prices had much of the public outraged at villainous energy profiteers. So, after careful study, the Johnny-one-notes in Washington, D.C., who run the Republican Party concluded that there are only two sensible responses to that particular (albeit since-subsided) "crisis": drill for oil in the Arctic National Wildlife Refuge and cut taxes on oil companies and utilities.

In August the House passed its version of the Bush energy plan--aka another tax-reduction bill--pretty much on a party-line vote. Republican ...

Read the rest of this article with a Free Trial at HighBeam Research.