Check out his latest 20/20 paid-propaganda piece, entitled, "Gouged by Gas Prices? Give Me a Break
When It Comes to High Prices, You Only Hear One Side of the Story".
Highlights: 1) Stossel says that "media claims" of record-setting gas prices are wrong because 1981 gas prices, adjusted for today's inflation, were higher by five cents on average. Therefore, he says, consumer complaints about today's gas prices being "ridiculous" are (in his word)
"silly".
That's a neat bit of sophistry Stossel is employing there. Because consumers were gouged back in 1981 at a slightly higher rate than they are today, the oil companies are, therefore,
not gouging consumers. It's apparently all in everybody's minds!
:crazy: :crazy:
2) Stossel:
"I wish the oil executives would come out of their bunkers once and face the media. They could say something like: 'Why are you complaining about our profit? What do you think we do with it? Buy fancy cars and homes? Well, we do actually, but nearly all of the money goes to looking for more oil and in following the environmental rules that you want us to follow. You should want us to make more profit. Anyway, the government takes billions more in taxes from the gas you buy than we make in profits. If anyone's gouging, it's the politicians!'"
The "government takes billions more in taxes from the gas you buy than we make in profits"? Uh, idiot? The government
gives some of those billions that the taxpayers pay when they purchase gas over to the
the oil companies!
There's a lot more where that came from in Whore Stossel's piece.
http://www.abcnews.go.com/2020/Story?id=3234692&page=1