OIL PRICES: ‘08′S DEFINING ISSUE

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OIL PRICES: ‘08′S DEFINING ISSUE
By Dick Morris 06.18.2008 Published on TheHill.com on June 17, 2008.

Gas prices are the first important issue in the 2008 elections. But both parties have been pathetic in their solutions and, one suspects, in their understanding of what is going on.

Democrats call for windfall profits taxes. Bad idea. How can you get oil companies to explore and drill if you tax away their profits? Republicans focus on a gas tax “holiday,” an 18-cent palliative to gas prices that now top $4.50.
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