Bush announces he will VETO gasoline price-gouging penalties

[Bluebear]

WASHINGTON (Dow Jones) -- President Bush is likely to veto legislation that would create hefty fines and criminal penalties for gasoline price-gouging, the White House said Wednesday.

The threat came as the House prepared to vote on a Democratic plan aimed at battling rising gasoline prices by requiring the Federal Trade Commission to define "price gouging." The bill would create fines and criminal penalties, including jail time, for industry executives found guilty of gouging.

The White House, in a formal statement of administration policy, said the legislation amounted to price controls that would hinder oil companies and retailers from responding to market signals, potentially worsening fuel shortages.

http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20070523-000763-1310&hpadref=1

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Still happy you "wanted to have a beer with him", Bush voters?

[Deja Q]

1. Even more fun, could that veto be overrode by a congressional majority?

[Bluebear]

2. No, we're "keeping our powder dry". nt

[Fridays Child]

3. He isn't even pretending, anymore, is he?

[Bluebear]

4. No, ma'am. nt

[liberal N proud]

6. NOPE!

But any pretending he did was pretty poor to start with.

[muntrv]

5. Bush vetoing a bill unfavorable to oil companies? How shocking!! I thought

he was a friend of working people, those people who said they can have a beer with shrub but call John Kerry elitist.:sarcasm:

[Bluebear]

7. Candy Crowley: John Kerry ordered GREEN TEA!

What an elitist!

[EFerrari]

8. You gotta post warnings before these images.

Cr@P!

[BrklynLiberal]

9. Yep. I wonder just how all the folks who thought Shit-for-Brains was just such a "regular guy" are

feeling these days when they have to take out a second mortgage to pay for gasoline.
I believe it was Bill Maher last night who said Shit-for-Brains is the only person who could fight a war for oil, and end up with none!!!

[napi21]

10. @ questions.

1. Isn't price gouging already illegal?

2. Does this bill have enough support in Congress to over-ride a veto?

[porphyrian]

11. We better knuckle under and not bother trying to pass it then.

He threatened us with a veto, so he wins.

[Bluebear]

26. Ain't THAT the truth.

Keep your powder dry~! :eyes:

[laylah]

12. For the lack of anything

more itelligent to add, I can only say fuck him and the road he horsed in on, low-life, blood sucking, piece of donkey (elephant) shite from hell!

[wtmusic]

13. Breaking: Sky is Blue

Grass is Green. Film at eleven.

[bigtree]

14. universally negative reaction from the folks I told about this today

I think he's really stepping in it with this one

[uppityperson]

15. Excellent! Show his true colors to his believers! Good for him.

[Lobster Martini]

16. This is just to show that he can swing from a tree while eating a banana

There is no reason for the chimp to comment at all, except to show that he has the bigger banana.

First, it would only apply if he declared an energy emergency. All he has to do is not declare an emergency.

Second, the FTC would have to prove gouging, which is difficult if not impossible, as we found out when prices spiked after Katrina.

Basically, the only reason to veto this is to do to the Democrats what the sparrow did to him.

[partylessinOhio]

17. Screw him, Congress, or he will screw you over and over again.

Hey, Nancy, why don't you tell him to, "Bring it on!"


:rofl:

[Cha]

18. Thanks for that gut stabbing,

fucking bush sneer.

rove must really have the 2008 selections sewn up with this BIG "FUCK YOU!!" to the consumer/voter!

[madrchsod]

19. this is something the "party" could use

but won`t. since gasoline prices cut across party lines it`s a no brainer for the "party" to use it against the oil president and his party. even the republicans would think twice about going against the people..

[fizzgig]

20. well color me freaking surprised

i am also curious if there are the votes to override this veto

[Horse with no Name]

21. Of course he will

Do you think he is going to ALLOW the Democrats any type of victory?
Even if they can get it past the rethug knuckle-draggers in Congress, he will veto everything they do.

[Madspirit]

22. k&r Bluebear...n/t

[etherealtruth]

23. The grass is green, the sky is blue ...

The Chimp will ensure record profits for the big oil companies (actually any member of corporate America)

[Bitwit1234]

24. Hearing Rumbles from Republicans scared to death

that the Fairness Doctrine is really going to be re-instated. They say the liberals are scared of the right wing radio and TV because it tells America the "truth??". They also say that the liberal media has had it's way too long and should be reigned in. WHAT......

[rasputin1952]

25. This group is tied o closely to Gig Oil, it would take major surgery

to seperate them.

If this was vetoed, and the veto overridden by Congress...Ole Crashcart would be in for his 47th bypass surgery...

Can't screw w/the profits you know... (that smiley actually looks like cheney...:D )

[Mind_your_head]

27. Shrubco makes it very clear where his loyalties lie

and as someone upthread pointed out - he's not even trying to pretend anymore. I wonder if the Democratic MAJORITY caving this past week didn't somehow help to embolden the little tyrant. This is just the BEGINNING of "unintended consequences" b/c of their caving.

:mad: :mad: :mad:

(Please recommend this thread for more peeps to see it)

[and-justice-for-all]

28. Is Public Executions for Treason still on the books? nt

[Coexist]

29. love the true photo of the boy king.

shows his true colors.

[The Backlash Cometh]

30. Oh, for the love of God, where does he hide his horns!

[loudsue]

31. IF THE DEMS WERE SMART.....

<fat chance> they would get this bill passed, because EVERYONE is pissed about the high gas prices, and everyone knows that the oil companies are making TENS OF BILLIONS per quarter in PROFIT. And then, they could just sit back and wait for the little dictator-tot to veto the damned thing. At which point, we could target every republican and DLCer who voted w/ bush in their primary races.

Republicans are the only ones who can start a war for oil, and then not get some.
***Bill Maher w/ editing by loudsue

:kick::kick::kick:

[gollygee]

32. Make him veto it

Make him do it. And try to override it. And publicize the list of anyone who votes against it.

[struggle4progress]

33. Yep.

[Mind_your_head]

34. Yep

[tavalon]

35. Of course he did

What a shithead. See monkey fling poo!

[UrbScotty]

36. It did pass the House by a veto-proof 284-141 (nt)

[Jim Warren]

38. yup. nt

[Rex]

37. It is a big fuck you from all the rich people that get richer in the energy

industry. George is their cheerleader. Just look at that ugly mug! Yuck!

[orleans]

39. hahaha--too fucking bad for us

what a DICK!

i hear the high gas prices are having the biggest effect on people in rural areas.

no shit are you glad you wanted to have a beer with this asshole! at least he's a christian--! HA!

[Theduckno2]

40. Didn't Bush go along with tariffs to protect the U.S. steel industry?

Aren't they a form of price controls?

Oh I get it, Bush will control prices to protect industries(big shareholders) but not the consumers.

You know, big shareholders, the haves and the have mores.

[OllieLotte]

42. He did...and it was a bad idea then and it's a bad idea now.

Controls don't work. I don't want to me at the mercy of the government and other consumers. I'd rather take my chances with the supply and demand curve.

[nealmhughes]

41. Bring it on! Put that big red "Veto" on the old stamp and whack it good and hard.

Then Congress can reintroduce it and the Republics can do some splainin' about how he was right all the way up to November 2008. With free publicity like that. . .

[SalmonChantedEvening]

43. K&R for my friend Bluebear :)

:kick:

Another reminder to those foolish enough to trust this spoiled child with the reigns of power.

5 minutes in any library or website shoulda scared anyone off in 1999.

OK 1979 ;)

:hi: :pals: :hug: