Posted on 10/10/2008 6:18:19 AM PDT by Jabrown
As of this morning October 10th, oil prices had fallen by over 40% to just under $83 per barrel. Although this is welcome news for the American Public as gas prices continue to fall to near $3/gallon in many area, the political impact is not being discussed.
Falling oil prices have essentially destroyed Senator Obama's theoretical funding for his Energy policy and should once again highlight a brutal truth about his call for a Windfall Profits Tax. Obama's energy policy is based upon...
(Excerpt) Read more at politicallydrunk.blogspot.com ...
Might be good for Mac to mention at the next debate.
I know everyone here seems to think Dick Morris is the broken clock that’s right twice a day, but he’s been saying this for over a week now...
With oil under $90, the WPT (not that it would ever work anyways) is dead, even in Obama’s hypothetical world. McCain could make him look like a fool if Obama would mention the tax.
That's what I thought.
As the stock market crashes, revenue from capital gains tax will be almost nothing.
Along the same line, as corporate profits dwindle so will revenue from corporate income taxes.
Common sense has completely left the building, gone around the corner and now resides only on Free Republic. Too many Americans are acting liking the European public did in the 20’s and 30’s.
Barack Hussein Obama wants to tack on 25% to the cost of each barrel of oil. Plus he is on record saying that he supports gas prices of $4gal (and where the hell is McCain with that soundbite?). His voters are truly brain dead.
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