Wednesday, May 23, 2007

These People are Stupid

Last week they were absurd. With this, they've moved beyond all ridiculousness and stripped away any pretense of smarts.

They're just plain stupid:

Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas.

The White House objected, saying that might disrupt supplies and lead to even higher costs at the pump. The Organization of Petroleum Exporting Countries is the cartel that accounts for 40 percent of the world's oil production.

"We don't have to stand by and watch OPEC dictate the price of gas," Judiciary Committee Chairman John Conyers (news, bio, voting record), D-Mich., the bill's chief sponsor, declared, reflecting the frustration lawmakers have felt over their inability to address people's worries about high summer fuel costs.

The measure passed 345-72. A similar bill awaits action in the Senate.

John Conyers chairs the important House Judiciary Committee and is also apparently Chief House Dummy. How is it that a man with a Juris Doctorate can seriously think this is a good idea. On any front, real or theatrical?!

Don't get me started of course on the whole discussion of the man's lack of economic understanding: Nevertheless, the House felt it was important to take on OPEC, the major player in oil production. Member states of OPEC late last year cut production by 1.1 million barrels a day to counter what had been a buildup of world oil stocks.

Conyers accused the OPEC engaging in a "price fixing conspiracy" that has "unfairly driven up the price" of crude oil and, in turn gasoline.

His measure would change antitrust laws so that the Justice Department can sue OPEC member countries for price-fixing, and would remove the immunity given a sovereign state against such lawsuits.

Did I say stupid? I meant idiotic...

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