January 18, 2007

maria, Please Protect Us From the Fruit Price Gougers

senator maria cantwell in September 2005:

Sen. Maria Cantwell, D-Wash., is convinced that the oil companies have artificially increased prices and wants President Bush to have the power to cap gas prices if necessary. She likens the conditions to those that caused the Enron fraud of the electricity market in 2000 and 2001.
"My constituents are frustrated. Consumers want to know what we're going to do about this. Consumers definitely want to know what's going on."

Cantwell intends to introduce legislation on Thursday that would give Bush power to investigate price gouging and, if necessary, cap price increases. She discussed her proposal Tuesday at a Senate hearing on the hurricane's impact on rising energy prices.

From the Sacramento Union, January 17, 2007:
“We may adjust the prices as we discover the full extent of the damage next week, but for now, if you bought an orange at the supermarket for 50 cents, expect to pay a dollar to $1.49 for it,” said Todd Steel, owner of Royal Vista Marketing, which sells California citrus to markets throughout the country.
Ignoring for the moment the ill-conceived idea of giving bush the power to do anything, I wonder just how soon we will hear her complaining about price gouging by orange growers.

Hat tip: The Knowledge Problem

Posted by Steve on January 18, 2007
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