The headline on the New York Times’ story today about Senate passage of energy legislation:
Industry Flexes Muscle, Weaker Energy Bill Passes
Removed from the bill were multi-billion-dollar tax increases on the oil industry and government mandates requiring all private utilities to produce 15 percent of their electricity from renewable fuels.
So here’s how the Times sees the world: Lower taxes + less government control of the economy = weakness.
And, logically: Higher taxes + more government control of the economy = strength.
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