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Dems propose 'Reasonable Profits Board' to regulate oil company profits
The Hill ^

Posted on 01/19/2012 11:33:44 AM PST by Sub-Driver

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To: thackney

Ping.


61 posted on 01/19/2012 12:31:40 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: Sub-Driver; MrB

I swear they must be using Atlas Shrugged as a guidebook.............


62 posted on 01/19/2012 12:35:29 PM PST by Red Badger (If you are unemployed long enough, you are no longer unemployed.)
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To: Sub-Driver

I was thinking of starting a board called “The Reasonable and Prudent White House Expenditure Board” to regulate the expenses for White House party’s, vacations, plane travel, staff, and renovations.

Yep, that sounds about right.

Hey comrades, that sounds good.


63 posted on 01/19/2012 12:38:28 PM PST by dforest
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To: Sub-Driver

No kidding....How AMERICAN’s aren’t OUTRAGED and in the streets calling for Dems to be Ousted in mass is beyond me. I wonder who they would pick to head the Committee? Someone from the Occupy movement?? OBAMA MUST BE DEFEATED in NOVEMBER!


64 posted on 01/19/2012 12:39:35 PM PST by jakerobins
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To: Da Coyote
From 2008, I believe:
65 posted on 01/19/2012 12:40:20 PM PST by the anti-liberal
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To: jakerobins

Wow, wasn’t the excess profits tax, a Jimmy Carter invention?


66 posted on 01/19/2012 12:40:54 PM PST by Eva
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To: Publius

I just saw this headline in the sidebar. My first reaction was “of course.” If anyone wants proof that the democrats are communists, this is it. The problem is, most of our economically and politically ignorant electorate will think its a good idea.


67 posted on 01/19/2012 12:41:04 PM PST by henkster (Obama regime mission statement: "Find the people working, and stop them!")
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To: Da Coyote; thackney
I don’t have the numbers readily available, but does not the govt collect more from the sale of a gallon of gas than the oil company makes in profit?

beat me to it...last i recall the fed tax, not counting all other leeching entities, is nearly double the profits that the companies get to keep...???

theres a reason pols used to be tarred, feathered and used as lampost decor...

68 posted on 01/19/2012 12:41:51 PM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Sub-Driver

How about a Congressional Responsibility Board which would enforce a statute that Congressional salaries are zeroed out in any year in which the Federal Government spends more than it takes in.


69 posted on 01/19/2012 12:42:20 PM PST by Timocrat (Ingnorantia non excusat)
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To: fhayek

Do you remember seeing that tape of Maxine Waters saying that “We are going to take over the oil companies, we are going to socialize the oil companies” Well, this is as close as they can come right now, take over the profits of the oil companies.


70 posted on 01/19/2012 12:43:46 PM PST by Eva
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71 posted on 01/19/2012 12:46:19 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Sub-Driver
Those DIRTY ROTTEN HYPOCRITICAL COMMUNISTS!

Holy sh!t I hate these effin douchenozzles. Regulate oil company profits? These companies (and their shareholders) take all the risk, do all the work, fight the gubermint interference and tree-hugging douches along the way, and MAYBE eek out ten cents per gallon profit for providing an essential product. Then, AFTER THROWING UP ONE ROADBLOCK AFTER ANOTHER between the company and its dime, these hypocrites STEAL anywhere from what, 30-60 cents per gallon depending on which state you're in?

Why don't they tell WE THE PEOPLE the truth for a change. Gubermint the greedy thief here...lining its pockets for doing NOTHING. That they have the brass balls to villianize the oil companies over gas prices is unforgiveable. /rant off

72 posted on 01/19/2012 12:46:38 PM PST by Mich Patriot (I am not worried about the deficit. It is big enough to take care of itself. Ronald Reagan)
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To: Sub-Driver

How are they going to “control price”? No one can do that.

They’ll probably get their way. This is Obamaland after all.

Now go pay your taxes - your government is broke. :)


73 posted on 01/19/2012 12:49:19 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Sub-Driver
If history has shown us anything (besides the fact that when government tried to control these things, they screw them up beyond all belief), it is that when government places controls on "profit" by taxing what they consider to be excessive at confiscatory rates, they manage to reduce the supply to the point that they often bring in less revenue, and it often leads to higher prices, due to the scarcity.

I believe this is exactly what happened when "price controls" were put in effect on gasoline in HI, and of course, there's the classic example of NYC's "rent control."

Mark

74 posted on 01/19/2012 12:49:34 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: MrB
So, are they going to introduce the “anti-Dog eat dog” law?

Exactly what came to my mind!

75 posted on 01/19/2012 12:50:24 PM PST by jdsteel (Give me freedom, not more government.)
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To: Da Coyote

“does not the govt collect more from the sale of a gallon of gas than the oil company makes in profit?”

Shhh....
You aren’t supposed to mention that!
You don’t want to be sent off for re-education, do you?
Speak carefully, comrade!


76 posted on 01/19/2012 12:57:18 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Red Badger

Somewhere between Atlas Shrugged and 1984.


77 posted on 01/19/2012 12:59:44 PM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Sub-Driver

another creep towards MARXISM by the MARXISTS in Washington.


78 posted on 01/19/2012 1:01:44 PM PST by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: tcrlaf

I propose that the communist scum be run out of office !


79 posted on 01/19/2012 1:02:07 PM PST by TsonicTsunami08
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To: Michael Barnes
DIRECTIVE 1-289
80 posted on 01/19/2012 1:05:00 PM PST by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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