Skip to comments.President Hillary Chavez Clinton to Seize Oil Profits for the Public Good, Nationalize Oil Companies
Posted on 02/02/2007 11:00:39 AM PST by Right Wing Assault
See video for Hillary's plan.
Why not give tax breaks to companies who research alternative fuels...why not incentivize oil companies to find more domestic oil?
OH MY GOD!!!!! The Communists are coming. "I wanna take those profits" Come on Hillary keep talking
She wants "to take those profits" and blah blah blah.
She's aghast at oil companies making the highest profits in the history of the world! Well she and Bill have profited off the presidency more than anyone in the history of the world, I'm aghast!! I wonder how she would feel about me "taking" their profits?
I thought it was , "Ack, ack, ackack!"
It's for the common good.
LOL. She can't be serious.
She wants to take all of the profits away from a corporation and give it to some government program that will most likely fail.
She really doesn't understand business does she. Taxing the heck out of an industry is the quickest way to kill it.
Is it possible that the oil industry have squelched new technology in order to maintain demand for fossil fuels? Possibly, and this should be the debate.
bttt to listen at home (can't go to youtube at work)
She is very dangerous
Funny, she forgot to mention the government already made more money on the POS taxes on the oil that generated these profits that Exxon did.
Is this stupid communist bitch aware that the price of oil has fallen about $30/bbl??
Whatever they say..Those guys on the radio Opie and Anthony think the same, that she sounds like those Aliens.
the nerve of that woman???
She is beyond belief.
What a skankus gigantis...
more specifically is yet another XOM record, 2006 was the first year they funneled over $100 billion in taxes
................................... 2006 ..... 2005 ($millions)
-Income taxes........... 27,902... 23,302
-Sales-based taxes.... 30,381... 30,742
-All other taxes......... 42,393.... 44,571
Total taxes.............. 100,676... 98,615
In that year, she was addressing the Dems' (and George McGovern's) striving to tax wealth, and Ayn Rand's response was "nobody has asked the only relevant question that should be raised to this proposal: BY WHAT RIGHT?!" This phrase needs to be dusted off and used again and again as this group of demagogues start making their threats and spitting their venom.
She's going to take the oil companies' profits? Why the hell would they stay in business if they can't make money? She may as well just nationalize them!
She`s beyond dangerous, I would even go so far as to say a greater threat to this country than terror. Consider she had her husband put the lives of New Yorkers at risk by pardoning the FALN terrorists (who bombed NYC 130 times in the late `70`s and early `80`s) all so she could get a few votes from a few hypocrites while running for Senator.
If she places such a low value on the lives of those she represents in just one state, how do you think she will be if she is CEO of all the states? She cold set up the destruction of some small town and wouldn`t think twice.
Did you see that look of disgust on her face as she talked about the oil companies 'making a profit'?
Yikes! Hey did you make money last year? Then I want it, gimme, gimme, gimme!!!!!!!
"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said. "We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."
Nope, she's not a Marxist.
As usual the Liberals state, "profits", not "prcentage of profit". The number may be large but what is their profit in terms of percentage?
Sen. Hillary Rodham Clinton (D-N.Y.) accused oil companies of manipulating energy markets to enhance profits and decried a lack of national leadership for a plan to free the country from dependence on foreign oil.
"I want to go after the oil companies and the oil speculators and the manipulators of the money, because they're the ones who I think are really behind this," Clinton told an audience in Elmira Heights on Thursday. "You have a hurricane, and all of a sudden you see prices going up like that. That has . . . everything to do with people trying to make money off the backs of this tragedy."
"You just cannot convince me that they are not manipulating this market," she told another audience near Newark, N.Y.
"I think it's time to send a clear message to what has become the most profitable sector in our entire economy that they're being watched," she said in explaining her call for an inquiry by the Federal Trade Commission. "I think human nature left to itself is going to push the limit as far as possible, and that's what you need a government regulatory system for: to keep an eye on people to make the rules of the game fair, to make a level playing field and not give anybody some kind of undue advantage."
"I am tired of being at the mercy of people in the Middle East and elsewhere, and I'm tired frankly of being at the mercy of these large oil companies," Clinton said.
She can't get elected if she offends big business.
She is really scaring me....she MUST NOT get elected.
My, my...how HUGO CHAVEZ of her.
"Mein Fuhrer!" - Dr. Strangelove
He must be smiling a mile wide. Wake up AmeriKa!
Hitlery was convinced there was a vast, right-wing conspiracy making false accusations against her husband, too, if I recall.
So, how's that VRWC workin' for ya, Blondie?
Their profit margin is 9.8%. This is a very respectable profit but much less than many other major industries. I would be absolutely delighted if all government entities taxed me at the same percentage as Exxon Mobil's profit percentage.
My taxes are as follows:
SS 14.7% My share and my employers share combined.
Income tax 22%
State taxes and real estate taxes approximately 9%
My total percentage of direct taxes is 45.7%
What most people do not realize is that the cost of taxes of a business is included in the price of every damn thing they buy. They hidden tax on every thing you buy is about 25%. Thus your total taxes is actually about 10% more than your direct taxes you can see on your pay stubs and tax bills from the state, feds and local governments.
my total tax bill is thus about 55% of every dollar my wife and I make.
THAT MRS. CLINTON IS OBSCENE CONFISCATION OF MY MONEY. EXXONS PROFITS ARE MINISCULE AS COMPARED TO THE PERCENTAGE OF MONEY GOVERNMENT ENTITES CONFISCATE FROM ME!
I love that smug look she gives after mentioning the profits. I can't wait to see the look on her face during her concession speech.
Commisar Clinton has more in common with Hugo Chavez than her initials. She has no right or authority to "take those profits".
"The Democrats know what needs to be done" HAHAHAHAHA!!!
She's going to take the oil companies' profits? Why the hell would they stay in business if they can't make money? She may as well just nationalize them!"
If the oil companies shut down for just ONE DAY, her stupid highness will be tarred and feathered.
She doesn't think once about going after the cosmetic industry or the "high fashion" industry. Profits in those industries are quite high.
For all her faking toward the center, Hillary's just another lousy commie.
You know, the oil industry is making $300 million a day, not because they planned on it, not because of great managerial expertise, but because of escalating world demand and therefore increasing prices for this commodity that they didn't create in the first place.
I think it's time that we made sure they put a fair share of their profits toward a sound energy future.
We need to reform our energy taxes so that large oil companies who reap huge benefits from unexpectedly high energy prices over the next two years will be required to pay a portion of their profits into the strategic energy fund.
Basically, if you take an average of their profits from 2000 to 2004, you add a 10 percent figure on top of that, then you can get to a point where those profits for just two years would be invested in the strategic energy fund.
Now, the oil companies would have the option: They wouldn't have to invest if they did this themselves, if they began making investments in biofuels, in other forms of renewable energy, in new, cleaner refining capacity, solar, wind. If they did it themselves, then they wouldn't have to pay into the fund.
With prices, profits and with these tax breaks in the fund, you could raise about $50 billion: more than enough to begin the energy revolution that we need.
By 2010, we should require that the federal government purchase the most efficient cars made. That would create an annual market of more than 60,000 vehicles to spur continual improvements in technology.
By 2013, we should require that 10 percent of federal electricity purchases come only from renewable sources.
And by 2020 we should reduce federal oil consumption by 40 percent.
I'm very proud that in New York the Binghamton federal building was the first in the country to purchase 100 percent of its electricity from renewals.
You know, wind and solar power are terrific examples. Right now there's a two- to three-month backlog of orders for solar cells like the kind that are in the Clinton Library in Little Rock.
Now, we can also make a gallon of gas go a lot further. You all have been reading and hearing a lot about the use of home-grown energy, clean diesel and ethanol made from corn, sugarcane, cellulosic materials.
We have an underused resource, American farmland, and rural communities across our country eager to try something new and do their part to help solve our energy problems.
Today we have 97 biorefineries located in 19 different states with the capacity to make nearly 4.5 billion gallons of ethanol.
We should start by requiring the big oil companies to install ethanol pumps at all the stations they own. We should also provide a tax incentive to the independents and other owners to do so over the next 10 years, and then a mandate to get it done immediately.
The oil companies already got one delay, and we can't let that happen again, because companies like Cummins are investing billions of dollars in making sure that we have low-sulfur engines on the road. And if the oil companies won't step up to the plate on cleaner fuels, then they need to get out of the way and let innovative companies do that.
We've been in a stalemate on CAFE standards for quite some time. I've worked with Senator Obama on legislation to offer auto companies assistance with retiree health care costs in exchange for them investing more in fuel-efficient cars.
That's a start. But we need the carmakers, the unions and the Bush administration to hammer this out. This is one of those moments that cries out for presidential leadership.
Hillary, you socialist IDIOT!
Those profits ARE ALREADY IN A STRATEGIC ENERGY FUND!
What you're proposing is to pay a bunch of bureaucrats to do NOTHING PRODUCTIVE!
Incentivize the Energy companies to provide nuclear power, then you'll be doing something usefull!
You just cannot convince me that they are not manipulating this market," she told another audience near Newark, N.Y. ""
This statement from a woman who lived with the greatest manipulator of all time.
Where is the "profit" she made off her "cattle futures investments"??????? How about Whitewatergate profits?????
What a total hypocrite she is. Someone please fumigate everywhere she has been.
Just Call her HIlary Chavez
"I think human nature left to itself is going to push the limit as far as possible,""
I think this statement describes her more than anything else.
Does she plan on divorcing Bill and marrying Hugo Chavez????
I guess Hillary is going to 'FIX' OUR COUNTRY they way she has 'FIXED' NEW YORK?!!! I would assume that New York has NO MORE PROBLEMS since she has been running things?!
Gas prices go up, everybody's in a panic, everybody talks about what we have to do. Gas prices go down. The sense of urgency recedes, and we just keep, sort of, stumbling forward into an energy future that we are not in control of.
Oil sits at $70 a barrel. Goldman Sachs predicts $100 a barrel by 2010.
So we have two choices here. We have two paths we can pursue.
You know, we can just let people stew in it and they can't afford to get to work; that's their problem.
I ran into a woman the other day who said, "You know, Senator Clinton, I don't know what I'm going to do. You know, my commute, 25 miles each way, is now costing me about $100 more. I don't know where that money's going to come from."
We can wait for the terrible potential of a terrorist attack to hit a pipeline, to hit a terminal, with all that that will mean to the world economy.
We can see global warming slowly but surely have the incredible effects it's having, from flooding and storms to desertification.
Or we can make a choice. And this is where I come down.
You know, I remember sitting in my office about a year and a half ago. And we were debating the McCain-Lieberman bill on the floor, which I have continually supported.
And one of my colleagues came to the floor in opposition. And he just basically said, "We can't do this. It'll ruin our economy. We'll go backwards. It'll destroy the American standard of living."
And I just couldn't believe what I was hearing. And I got up and I went to the floor and I said, "Since when have Americans become so fatalistic that we go around saying 'We can't do it, we can't do it'?"
That is not the tradition of our country. We can do it. We just need a commitment to do it. And we need the leadership in both the public and the private sectors to get it done.
And I believe that we definitely can get it done. So from my position today, I hope we make the right choice.
Liberalism truly is a mental disorder.
Well, Hugo Chavez just announced a similar plan for Venezuela, only he doesn't say how he is going to use the profits.
Liberalism truly is a mental disorder and the PIAPS really is an arrogant Marxist!
Da! Very good, Comrade!!
This is my hope and prayer -- that by starting her assault on the American public this soon, the Heinous Harridan over-exposes herself, and the sheeple get a massive overdose of Rodham-ania. If she keeps opening her yap and spewing her commie venom in that screech of hers, it just might happen.