Posted on 10/13/2006 4:57:26 PM PDT by NormsRevenge
Former President Bill Clinton was cheered Friday as he spoke to a university crowd in support of a California ballot measure that would tax oil to fund alternative energy research.
Clinton called Proposition 87 "California's way to energy independence."
The measure would tax companies drilling for oil in California until it has generated $4 billion. The money would be set aside for loans, grants and subsidies to promote alternative fuels and more energy-efficient vehicles.
"To save the planet, improve our national security and create the next generation of good jobs for the American people - that's what Prop 87 represents to me,' Clinton said at the University of California, Los Angeles.
Oil pumped in California accounted for 37 percent of the state's demand in 2005, according to the state Legislative Analyst's Office. Twenty-one percent of the state's oil comes from Alaska, while the rest is imported from abroad. The initiative would tax oil California producers between 1.5 percent and 6 percent depending on the per-barrel price of oil.
Opponents say oil companies that do business in California pay the fifth-highest taxes in the country, and adding another tax would deter them from pumping California oil and eventually lead to higher gas prices.
Scary, isn't it?
Only when you realise this POS and his wife might get back in.
Unbelievable !
Even with all of the wonderful, new alternative energies on the horizon, Clinton and his left-wing pals are out there TRYING TO RAISE TAXES !
Have Clinton and these other socialists taken the time to discover that virtually all of the emerging new technologies are coming from private individuals and corporations, NOT FROM GOVERNMENT FUNDED RESEARCH !
It never ceases to amaze me that about 50% of the fools who enter voting booths actually can be sold on the notion of allowing government to pick their pockets through more and more ridiculous and needless taxes.
How has our Republic survived such stupidity this long ?
How has our Republic survived such stupidity this long ?
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By sheer luck. The socialists want to do NOTHING BUT raise taxes and spend the money for control and power. They represent nothing else, other than lies and distortions about what they REALLY are --- Marxists.
A complacent, stupid and selfish percentage of our voting base does not care or even understand, what these Marxists are all about -- all they see is the government being their hand-out nanny. And Washington, and what used to be the "conservative party" fiddles while America burns.
My friend, I attend UCLA and believe me; the idiocy of some of my professors would astonish you. They think they know it all, but in fact don't have a clue of what they're saying. Now I was raised to respect my elders, but some of these old loonies smoked their brains away in the sixties.
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