By Joe Kay:
As gas prices and oil profits soar, Bush promotes giveaways to corporations
30 April 2008
US President George W. Bush used a White House press conference Tuesday to trot out his familiar litany of right-wing proposals, ostensibly intended to address rising gas prices and the growing economic crisis facing millions of Americans.
The proposals are all designed in one way or another to increase the power of the oil companies, even as these conglomerates have begun posting record profits for the first quarter of 2008. Bush proposed opening up the Arctic National Wildlife Refuge (ANWR) to oil drilling, increasing incentives to companies for refinery construction, and blocking new regulations and emissions targets for domestic energy producers.
Bush sidestepped questions on his administration’s position on a limited proposal, advanced by Democratic Presidential candidate Hillary Clinton and Republican candidate John McCain, for a summer moratorium on the federal gas tax.
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