[piytar]

"IMO, we don't need to be subsidizing oil companies to the tune of 40 Billion (or whatever, that sounds like a number pulled from thin air)."

(1) They're not subsidies, they're normal tax deductions (mostly). See http://www.freerepublic.com/focus/f-news/2713591/posts

(2) The number is $4 billion, not $40 billion.

(3) The ROI for oil companies is pathetic, about 8%. Most industries have a MUCH higher ROI. So let's cut that further and then be "surprised" when we have an "unexpected" energy shortage. That will help the economy!

(4) Yeah, let's raise the cost of energy MORE right now. THAT will help the economy. Oh, we can stop the eeevviiilllll oil companies from passing these taxes INCREASES (not cuts in subsidies -- that's obamaspeak) on to us? Sure, if we NATIONALIZE them, which is the real goal here.

So no, the clown in the article is dead wrong on this point, too. Obastard already has effectively nationalized auto manufacturing and health care, so the next big target is energy.

[wbill]

Good points. I thought that the “40 Billion” quoted in the article sounded made up. Additionally, the link that was provided gave excellent clarification on these “subsidies”.