Our politicians are showing they know less about economics than kids who run a lemonade stand.

If you tell the kids you are going to tax them for every pitcher of lemonade they make, a lot of them will quit the business. If you tell the remaining kids you will start raising those taxes on the lemonade they make, they will quit too.

This common sense ain’t so common around Washington. The tax-lovers in Congress are kicking around various tax ideas. For this term and for the next term.

For instance, some want to tax oil producers. For producing oil. They already do tax them, of course. But now they want to raise those taxes. For oil they produce in this country.

They also want to slap a new tax on the oil and gas that companies produce from deep-water leases in the Gulf of Mexico.

Duhhhh. Double duhhhh.

Don’t we want more oil? More oil and gas produced here? So that we won’t need to import so much of the stuff? So that we will not be so easy to hold to ransom by Hugo Chavez & Co.?

Evidently these politicians do not want our companies to find and produce more oil and gas. If they did they would lower taxes on producers. To encourage them to find more.