on the evening of September 11, some gas stations in northeast Ohio and across the country raised the price of gas to $4, $5, even $6 a gallon. Many people called that war profiteering. Unfortunately over the last 9 weeks or so, something not much different has occurred here on Capitol Hill. You might call it political profiteering. First, Congress passed a bailout bill giving the airline industry $15 billion in cash and loan guarantees with virtually no strings attached: no sacrifices for the airline executives, no assistance for the 100,000 unemployed airline workers, no money for any kind of airline safety. Then 3 weeks ago, in the name of stimulating the economy, this Chamber passed new tax cuts and accelerated others for the richest people and companies in America. Again, very little was included in the plan for laid-off workers and those among us who needed assistance the most. Then a couple of weeks ago, political profiteering reached new heights.
Editor's note · Context
Addressing perceived political profiteering in the wake of the September 11 attacks.
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