Friday, May 23, 2008

Oh, yeah, that should work

The NY Times (via Eddy Elfenbein) reports on a solution to high gasoline prices:
At another point, Ms. Waters [Democratic Congresswoman from California] brazenly suggested that perhaps the American oil industry should be nationalized, acknowledging that it was an “extreme step” but one that might be necessary if outsize profits and exorbitant gasoline prices continued.