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Cato Daily Dispatch


FeedRank: 4/10  4/10  Good  ---  www.cato.org
The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government. ...

 

 
Thursday, August 07, 2008 --- 31 days ago
"Barack Obama and John McCain used an ongoing debate over energy policy to tack back to core themes of their campaigns Tuesday, with Obama blasting his rival for the presidency as a clone of the current administration and the Republican seeking to revive his reputation as someone willing to buck his party on major issues," reports The Washington Post . "Obama, campaigning in Ohio, said a McCain administration would be 'four more years of oil companies calling the shots.' ... McCain countered with a new television ad that will appear in crucial battleground states. The spot declares that 'Washington's broken' and 'we're worse off than we were four years ago,' paraphrasing a line Ronald Reagan used to criticize Jimmy Carter almost three decades ago. While not criticizing Bush by name, the senator from Arizona pledged to 'battle Big Oil' and 'make America prosper again.'" In " Solving Pump Pain ," Cato Senior Fellow Jerry Taylor writes: "Skyrocketing energy prices are hammering Americans. ... What to do? Individually, of course, most of us will start conserving -- people are already driving less, buying more fuel -- efficient cars, etc. Should the government mandate even more conservation? No, 'too much' conservation is as economically harmful as 'too little.' The only thing government should do on this front is ensure that prices are 'right' -- that is, that they reflect total costs. ... But there's a fair bit to do on the supply sid ...




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