[NormsRevenge]

Obama demands Congress end oil, gas subsidies
Julie Pace - AP

http://news.yahoo.com/obama-demands-congress-end-oil-gas-subsidies-192533827.html

MANCHESTER, N.H. (AP) — President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government “giveaway.” Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices.

“Let’s put every single member of Congress on record: you can stand with oil companies or you can stand up for the American people,” Obama said.

Obama has repeatedly called for an end to about $4 billion in annual tax breaks and subsidies for oil and gas companies, government support that Obama has said is unwarranted at a time of burgeoning profits and rising domestic production.

“It’s outrageous. It’s inexcusable. I’m asking Congress: eliminate this oil industry giveaway right away,” he said.

[NormsRevenge]

shakin' muh head.. how the heck did WE ever allow this half-wit to OCCUPY the Oval Office?

President Barack Obama holds up a chart as he speaks about his blueprint for an economy built to last with a focus on American energy, Thursday, March 1, 2012, at Nashua Community College, in Nashua, N.H. (AP Photo/Susan Walsh)

[GonzoGOP]

$4.00 per gallon gas and the Dow continues to boom higher and higher. More solar power companies go belly up and Obama dumps more and more money into the black hole of alternative fuel rather than drilling here. Obama can do no wrong acording to the press. No matter how bad the gas prices get the press will applaud Obama courageous stand against big oil. No matter how crippled the economy is by the high fuel costs, the DJIA will continue to climb thanks to the PPT and the Fed printing money.

The game is over. We lost.

[princeofdarkness]

““It’s outrageous. It’s inexcusable. I’m asking Congress: eliminate this oil industry giveaway right away,” he said.”

BHO. The 2012 version of Captain Louis Renault.