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Politics : Politics for Pros- moderated

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From: LindyBill	7/28/2006 11:10:07 AM
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'Today' Asks for 'Action' on Big Oil Windfall Profits Tax NEWSBUSTERS In Today MRC's Brent Baker has noted ABC News' hyper-ventilation over Exxon's 'breathtaking' profits. This morning it was NBC's turn. As everyone knows, the way to decrease the price of a product is . . . to raise taxes on it? As contradictory as the notion might sound, it appears to be the Today show's preferred solution to $3/gallon gas. It was the news of Exxon's $10.3 billion second-quarter profit that gave Today an opening to air its n-th iteration of the 'soaring gas prices' story. In an innovative bit of demagoguery, Today even displayed a clock informing us that Exxon racked up profits at the rate of $1,317.66 per second.

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