Thursday, August 7, 2008

Big Movies and Obscene Profits?

...To take a family of four to a movie at an AMC Theatre, it will cost anywhere from $55.75 to $71.50, depending on whether the family shares movie snacks or not, and this does not even include gasoline.

For that same $71.50, the family could purchase enough gas for their car (of decent gas mileage) to drive from Disneyland to Las Vegas and back again. And for the price of tickets and extra-large refreshments, , they could drive from Disneyland to the Grand Canyon and back again.

Where are the calls for federal investigation into price gouging at concession stands?

For years, populist politicians have dragged oil industry executives to Capitol Hill and accused them of price manipulation. Every time gas prices increase, liberal lawmakers direct the Federal Trade Commission to investigate oil industry price gouging. To their chagrin, the FTC has never found oil industry price manipulation.

Check out the rest of this excellent op/ed piece here. 

The hypocrisy of the Congress is astounding. At least we're getting a five week break from it, I suppose.

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