Friday, November 04, 2005


It Was Twenty-Five Years Ago Today...

...The Gipper taught the band to play!

Jim Pinkerton recalls a major turning point in America's political history -- with a major warning for those who forget the lessons of the past:
[O]ne of the worst ideas of the 70s is today making a comeback: a "windfall profits tax" on the oil industry. Yes, it's maddening to see liberal Democrats decrying shortages of oil -- shortages that they helped create through restrictions on drilling and refining -- and thus proposing to "solve" those shortages through demagogic polices. But it's even more maddening to see Republicans joining in. As the Gipper reminded us, "f you tax something, you get less of it." Thus the question to the oil-taxers of today: Is this the time for less oil production?

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