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!
His pals in Hollywood, who make billions from that industry, will they face a windfalls tax - or how about Clinton’s friends in the hedge fund business who make billions literally gambling every year...
What a bunch of losers the democraps are.
The only “Windfall Profit” from Oil is the one the government gets.
IMPOSE? He would IMPOSE?
Does he think he’s running for Dictator? He wouldn’t have to work with the Congress?
He’s an empty suited idiot.
An Obama presidency would, indeed, be the 2nd Carter term. He surrounds himself with Carterites and Clintonoids. We are headed for a train wreck with this guy, unfortunately, McMecha is hardly better, though enough that he will probably get my vote.
To borrow a phrase from the Rats: “We can’t tax our way out of this.”
BO’s logic about energy policy is illogic. He says we can’t drill our way out of this oil crisis because it will take 5 years, but that technology that will take more than 5 years to develop, and may not even be viable, will?
Soros is the one moving the lips for this dummy.
If it's by product, is that raw material or finished product. If finished product, does that include byproducts of oil (i.e., plastics?). Can of worms
So then they just get down to brass tacks and say Exxon, Shell, BP, etc....we gonna bugger you specifically..give us your profits....
Why don't they go after Microsoft, Apple, and Intel? They make profits, probably more on a percent basis than Big Oil....
I think if these cretins (politicians) get their "windfall profits taxes," it should be in 'crude' and they should have to drink the damned stuff....either that or they should be the recipients of a very 'tres chique' enema.....
“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.”
Could be both or either; my understanding is that the retail gas biz is flat out a complete POS. Apart from the crappy margins, one of these days, if you’re the property owner, you’re gonna get hit for mid-six-figures and a year offline for a remedial tank-leak digout and repair. That’s a heck of a long time at 8 cents a gallon.
This (drilling our own oil) is an issue that can be reduced to a third or fourth grade understanding. “Make it so”. Democrats traditionally win elections working from weak economic conditions by promising nirvana, and they will win this election if they can make themselves the antidote to the current economic malaise. If they do it by successfully conjuring meaningless platitudes about nonexistent alternative sources; If the Repubs cannot overcome this lamebrain BS scam; if this issue is not made to resonate with the sheeple: Then the Repubs will have failed and failed miserably. And much as I detest the Dems, they will have deserved to lose.
Except to Larry Sinclar.
What a bunch of god damed fools we presently have in congress. I hope we all remember them when they seek office again.
Democrats’ solution to the high gas prices -
Do Nothing, and raise Taxes!
Hey - That would be a great bumper sticker!
Precisely!
This is from 2005, I believe.
One of Obama’s biggest campaign contributers is Goldman Sachs. Funny how Obama’s campaign is all about wealth redistibrution.
From free college educations for all kids/young adults to free health care for the poor. This same old class warfare BS is straight out of every Marxist book and website. Obama’s “collectivism” is nothing new to commies. Do not let his PR agencies or his prepared sales pitch fool anyone.
I have no idea, who Obama’s ecomonic advisers are, but; they
have forgotten the basics of econonics and the dangers of waging war with the wealthy. When Obama’s wealthy supporters speak- the truth remains silent. Obama’s supporters do not know the difference between what Obama and pals want to seize and what they really possess. They want to seize power, which is an entirely different subject.
Which party cast the deciding vote on NAFTA? Who vetoed drilling in ANWR?
Obama is much like Carter. Carter is great at building homes for the poor with other people’s money. I have yet to ascertain anything about Obama, except his hate for what most Americans hold dear. He makes a bookie look like a piker. I guess we all get get a wide screem TV and no electriciy if he cannot rob all the rich.
The Democrat Party runs the media and only good things can be said about the Great Obamba. Repeat these things: McCain is like Bush, McCain is like Bush...McCain is Old, McCain is Old....Obamba is Change, Obamba is Change...you are getting sleepy...now open your eyes!
I agree that he’s not the brightest bulb in the pack. BUT. It doesn’t take a rocket scientist to follow the Marxist scenario. Mostly it takes training in the ideology and the methodology, which he has had, and it takes a certain amount of hatred and contemp of other people, so you enjoy wrecking their lives in the process of gaining power.
I’m not sure how bright George Orwell’s pigs were, but they knew what they wanted, and they set out ruthlessly to get it.
Absolutely devastating to the lower income American....
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