Tom the Dancing Bug by Ruben Bolling for July 26, 2008

Transcript:

Tom the Dancing Bug by Ruben Bolling George W. Bush: "It's interesting what the price of gasoline has done, it has caused people to drive less. THE MARKETPLACE WORKS." - President Bush, 7/15/08 See, the free market sets the supply, demand and price of goods. apple farmer apples $.50 price consumer price oranges $.75 orange farmer And it's just that simple with gasoline (with just a few extra arrows). OPEC payoffs tax breaks U.S. government no effect global warming $ $ sets supply of oil oil companies lobbyists U.S. Treasury deficit spending wars to ensure oil supply autocratic oil states policies encouraging suburban sprawl weak dollar taxes terrorism defense contractors policies encouraging fuel inefficiency gas $5 $ gas price inelastic demand for gasoline consumer carbon Next week: The elegant simplicity of the free market in the banking industry (with just a few MORE arrows)