‘I leave it up to the government to make good decisions’
Which other company will they try and control? A company that competes with GE?
Why did figure Kucinich is behind something like this.
Gee. Knock me over with a feather.
Right good idea. Controlling “big oil” worked so well during the first Carter administration, (this being the second).
New Brunswick, a Canadian province, has a government board that gives approval for the gas price the oil companies.
There is no difference in price.
All this will do is help keep oil prices high, as a lack of profits will hinder exploration.
High gas prices helps my province, so thank you Democrats.
Dennis the Menace at it again.
‘I leave it up to the government to make good decisions’
So, the Dems response to high gas prices is to nationalize the oil industry. Yeah, that’ll help.
When the profits are down, there is no money to invest in new production. When the profits are high, the money will get stolen by democrats, and there will be no money to invest in new production. So, no new production ever.
How bout “Reasonable Term Limits” for these asshats?
So the threads that I click on not thinking are satire turn out to be satire.
I clicked on this fully expecting this to be satire - and AFAICT it’s not.
Beam me the “F” up, Scotty.
I'll consider it, right after hybrid battery manufactures are actually hiring due to increasing sales of cars like the Volt.
"Gas prices continue to rise, creating a hardship for the American people," he said. "At the same time, oil companies are making record profits gouging their customers. This bill would tax only the excess profits and create forward-thinking transportation alternatives."
Not as much as the government is raking in in taxes on fuel.
Specifically, he said the money would be used to fund a tax credit on the purchase of fuel-efficient cars and set up a grant program for mass transit programs when oil-and-gas prices are high.
This does nothing to address increase costs in consumer goods that can not take mass transit and must be trucked in, such as food, appliances, clothes, etc.
These dumbass Dems. The oil companies will just leave to greener pastures and with them go the high tech jobs in science, research and technology.
Can the Ministry of Peace be far behind?
Standard Democrat procedure:
1 - Get the government involved in a part of the economy that has worked well without government controls.
2 - Screw it up with government rules and regulations.
3 - Complain the free market doesn’t work.
4 - Create a new government bureaucracy to “fix” the problem they created.
5 - Use the new bureaucracy to justify more government employment, create new taxes, and turn another section of the economy into a vehicle for wealth redistribution.
Again, I don’t normally ping the “Atlas” list for a simple news item, but this one is right out of Wesley Mouch’s office.
Oh yeah, that will REALLY help us increase our domestic production. These people have $hit for brains.
I don’t think that the profit made by an oil company on a gallon of gasoline should exceed the taxes paid on that same gallon of gasoline.
That’ll help those gas prices.
After they eliminate depletion allowance and Intangible Drilling Costs.
Yep, that’ll help those gas prices.
God, please let whoever wins the GOP nomination articulate the real facts in a manner even the entitlement population can understand.
Oil & Gas = real jobs
Green = Solyndra, windmills, unicorns