It’s economics 101 and the general public doesn’t seem to know it. The price of things like gold or oil is set by the market, not by businesses. So why is it that Congress pulls the Oil Company CEO’s in to testify and resolve to lower the price of gas? How about calling in Jewelers to lower the price of gold? Here is Rush Limbaugh’s excellent viewpoint on it:
From the EIB Network, Rush Limbaugh:
I listen to people trash Big Oil. The very guys that are putting gasoline in your car are being trashed, and you are being conditioned to hate their guts while the guys on the Senate committee wouldn’t know the first thing about putting gas in your car, have not done one thing to get gas in your car, and you think they are your savior. The price of oil is going way up. You know what? A lot of other things are going up. How about the price of gold? The price of gold’s gone through the roof. I want to know what the hell’s going on with that. Where is a congressional hearing to bring in Big Gold? Have you looked at the price of jewelry? You gonna go out there and get engaged, get married — I hope not, but if you are — are you going to go out there and buy diamonds? Have you seen the price escalations? The Senate should bring Big Jewelry in. Is $350 an ounce is about right? I just think they just ought to set the gold price at 350 bucks an ounce — instead of close to a thousand, and make this “fair.” This kind of stuff is really frustrating to me.
No, I’m serious about this price of gold stuff. You bring the Big Oil guys up. Those are the guys that put gasoline in your car. If it weren’t for them, you wouldn’t have gasoline — and yet they’re the guys that get grilled. Have you seen the price of gold? Now, see, this is a good illustration. I’m trying to make a point here, but I think that the point’s lost, because I’m not being sympathetic or empathetic: that would be a better word. It would be so easy for me to sit here and say, “Oh, gosh the price of gas! Man, it’s so hard for all of us. I don’t know what we’re going to do. I really, really know how tough it is for you.” That wouldn’t change your situation any at all, but you’d think somebody cares. This is what the liberals pull off. The liberals make people think they care about their problems. They think they have a kindred spirit working on solving the problem.
Of course they don’t. Liberals don’t fix anything. All they do is break things! All they do is ruin things. They don’t fix diddly-squat. But people think they do because they care, and if I were to sit here and go through this little bit, “Hey, why didn’t Congress bring in Big Gold? Have you seen the price of gold lately? Why didn’t Congress demand that Big Gold lower the gold price, why didn’t Congress bring in Big Jewelry? Have you seen the price of diamonds lately? It’s skyrocketing; everything is! Pull out all the stops! Find out who’s responsible! See who’s cheating the little guy when it comes to gold and jewelry. You know how much people have suffered who want to go out and get married or get engaged to have a decent anniversary present, maybe get that solid gold toilet they’ve always dreamed about?
“Now they can’t do it because of the price of gold and the price of jewelry. And where are Pelosi and where’s Reid and where is Ed Markey, and where is Obama, telling me again that the price of gold will come down to make it profitable and yet affordable to me?” Now, I could make that case. I don’t know how many people would get what I’m saying. I mean, “you people,” don’t misunderstand. You would. I’m talking about people outside this audience. You all have above average IQs, above average education. We’ve done all the surveys. We know who you are, and you know who you are. When I say “you,” I’m talking about people that vote liberals, people that vote Democrats. But, boy, I could say, “Well, I feel sorry for you. It’s just so bad out there. I wish something could be done,” and of course there’s nothing I can do or anybody else can do, but if you think that somebody cares, then I guess you’re less, what? Concerned, or at least more hopeful? Yes! People are more hopeful that something might get fixed if somebody cares . . .
And why do so many think that a sympathetic Congress can actually mandate lower oil prices? Because of our Ignorance. Read about it in the next blog entry.
For more, visit TobyLaura.com!