Posted on 06/18/2008 12:47:12 PM PDT by Laissez-faire capitalist
Democratic presidential candidate Barack Obama said on Monday he would impose a windfall profits tax on U.S. oil companies as he sought political gain from Americans' pain over high gasoline prices...
(Excerpt) Read more at reuters.com ...
Obama supports failed Carter policies of the past - and not just these, either - there are many more.
Jimmy carter's policies were an economic disaster of epic proportions that this country felt for quite some time.
And I don't think Americans want to wait 8 yars to get relief from those kinds of policies again, either.
Obama hits McCain with the canard that he supports "failed policies of the past."
Obama, though, need only look in the mirror to see the one who really supports failed policies of the past.
Ok, got the memo on the AP.
Will go with it.
Would have been nice to see the other thread through to the end, because Obama has really opened himself up politically on this, just as with his canards of “Bush 3rd term,” Obama will reach across party lines, etc. I pointed those out and exposed them too.
But the Admin Moderator calls the shots. I can go with that, too.
Gotta go for today.
Have fun.
A lot of people want to see it - not knowing that we, the consumers will pay the tax. Corporations don’t pay taxes - it’s passed on to the consumer as a cost of doing business.
The question is, is he just stupid and economically illiterate, having been taught by too many Marxists? Or is he more likely smart—hoping to wreck the oil industry, worsen the crisis, and make political hay from the resulting emergency?
I think he’s pretty smart, in an evil sort of way. Marxists SAY that they are helping the poor and oppressed, but their real purpose is to seize their countries, quell all opposition, and drive the people into the ground where they can be most usefully manipulated by their masters.
This has happened too many times, in too many places, to be accidental.
Somebody on Fox this AM pointed out that Coke makes more profit on its product as a percentage of sales than oil does. Simply put, we sell more oil than we do coke.
.....Bob
Thank you :)
It makes sense that Obama supports the Cahtah idiocy. After all, they are both anti-American friends of our enemies.
What is really surreal and sad .....is how far down this country has sunk when someone like Obama (and Carter) can even get that close to making decisions that will negatively impact the USA. Our fore-fathers must be turning over and screaming in their graves at this travesty.
McCain is the candidate of change on this issue. Obama supports things that have been tried and failed in the past: taxes on oil companies, government ordered conservation, alternative energy subsidies.
The only thing that hasn’t been tried is drilling, and now McCain supports that, so he is the candidate of change, and Obama is adhering to the failed policies of the past (and present).
Yes, Obama is right that drilling won’t provide relief for another 10 years, but neither will excess profits taxes, conservation, and alternative fuels. In fact, those things won’t provide relief at all, as proven by the fact that they have failed to provide results after 30 years already.
The Democrats have had their way on energy, and the result is gasoline at $4.50 a gallon. If Clinton had not vetoed the plan to drill at ANWR which was passed in the 90’s, we would not now be having this problem. If the Democrats had approved Bush’s plan to drill back when he made it 7.5 years ago, we would not now be having this problem.
Of course, even before Bush was sworn in, the Democrats made clear that they would never let him govern, and the carried out their promise. Having done so, this problem is their fault.
We can either get to work fixing their foolish mistake (or intentional malice) now, or we can wait, as Obama would have us do. If we wait, then we will be paying $20 a gallon for gasoline in 10 years, and Obama will be saying the same thing at that time: It won’t get to the pumps for another 10 years.
If the Repubs cannot make this issue work against Obama and the Democrats, they deserve to fail. Sad to say.
To my undying shame I voted for that jackass Jimmy Carter.
I was young, stupid, and drunk much of the time.
At least we now see some clear differences - McCain has proposed some details about an energy policy, Obama simply wants higher taxes on fuel. Will the American people notice? Will the MSM report it?
No more windfall taxes!
I wonder if these threats have anything to do with Exxon getting out of the retail market. Maybe they just want to focus their assets on producing and refining oil, but maybe they want to reduce their visibility.
Tax and Spend Obama PING.
Yeah, Coke’s profit margin is 11.8%. That’s with all the advertising they do, as well, obviously.
Nah, I believe he’s dumb AND a Marxist.
He’d speak better extemporaneously if he were the evil genius that you give him credit for.
Someone that IS an evil genius is propping this puppet up, though.
The correlary of your post:
Name one problem that we face today that ISN’T the result of, or exacerbated by, some liberal policy.
http://www.cnsnews.com/ViewPolitics.asp?Page=/Politics/archive/200806/POL20080612a.html
SOMEBODY...........PLEASE! Tell these idiots the definition of “Windfall Profits!”
Businesses who achieve a profit by supplying a need, do not qualify!
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