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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (146807)	5/21/2001 1:32:27 PM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

Yes, that is precisely the point I was trying to make. If you are in favor of price controls now, you should also be in favor of price controls at the other extreme. It is a separate question about whether or not they should exist at all for a particular industry. I'm also pointing out that the Democrats (who are advocating price controls now) weren't crying any tears for the energy industry in 1998-1999. In fact, the Democrats are demagogues who will publicly criticize an energy company for "reporting profits up 500%", without also pointing out that the previous year's earnings were artificially depressed. If your profits drop to near zero, of course you will get a large percentage increase when they snap back to a more normal level...