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King Obama: Oil Companies "Making Enough Profit"
Wednesday, April 27, 2011 | Kristinn

Posted on 04/27/2011 8:09:31 PM PDT by kristinn

CBS News' Mark Knoller reports via Twitter on Obama statement at one of the three New York City fundraisers he headlined this evening:

"They're making enough profit," says Obama of big oil companies, calling for their $4billion in tax breaks/subsidies to be eliminated.

Obama said "we can do a lot" with the $4-billlion in oil company tax breaks. Said US should invest in energy of the future, not the past.


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: greeneconomy; obama; oil; profit; taxes

1 posted on 04/27/2011 8:09:36 PM PDT by kristinn
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To: kristinn

You’re also collecting enough taxes, Zero.


2 posted on 04/27/2011 8:13:42 PM PDT by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: kristinn

I think nobama probably said “I think we can do a lot more...damage to Free America...with that $4 billion we could steal from the oil companies.”

nobama hates you, hates your children, hates Free America, hates Americans, hates the Constitution and hates the Bill of Rights. nobama is a hate crime foisted upon America. nobana is the Destroyer.

Everything nobama does is intentional.


3 posted on 04/27/2011 8:14:50 PM PDT by hal ogen (1st amendment or reeducation camp?)
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To: kristinn

Last time I checked these big oilcompanies like Exxon make about 10% or less profit which is a pittance compared to the investment and risk involved.

Now the government ... makes way too much “profit”. It produces little of value except the military, NASA and our interstate highways.


4 posted on 04/27/2011 8:15:27 PM PDT by plain talk
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To: kristinn

What a pompous, arrogant, know-nothing, blowhard idiot this guy is. What he wants is less private sector profit, and more TAXES he can spend on cr*pola “alternative” energies and to bailout his union buddies. If there were any future in any of those “alternatives,” the private sector would have invented and profited from them by now.


5 posted on 04/27/2011 8:16:37 PM PDT by hsalaw
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To: kristinn

This pathetic dumbass Kenyan... By now it is obvious that one part of his election campaign is to demonize America’s oil companies. They produce, what has the Kenyan ever produced except hot air?


6 posted on 04/27/2011 8:18:03 PM PDT by dennisw (nzt - "works better if you're already smart")
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To: kristinn
"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."
7 posted on 04/27/2011 8:19:47 PM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: kristinn

All of the talk about investing in the future....blah blah blah.

What Obummer, the Marxist now posing as a Fascist, and his egg head advisors just do not get is that this country is supported by the labor of millions of people that must get up at 5:00 AM tomorrow morning and roll down their drive before 6:00 AM on the way to work.

They need cheap gasoline or diesel, as the case may be, and they need a reasonably priced vehicle to put it in.

And as for that line in an earlier speech to the effect that if gas prices are too painful, one should purchase a smaller vehicle that uses less fuel: How does a brick mason haul bricks, cinder blocks, sand and mortar in an economy size pickup?

How does a plumber with one of those big tool bodies full of pipe, tools, etc., do it with an economy sized pickup?

How does a roofer haul 1500 or 2000 lbs of shingles in an economy sized pickup?

Obummer, the Marxist now posing as a Fascist, claims to be the champion of the working man when in fact he does not have a clue.

A $60,000 electric car 20 years from now or even at the unobtainable 5 years from now will not take care of their needs.

They need transportation at 6:00 AM tomorrow morning.

The inhabitants of Foggy Bottom on the Potomac have no idea what the working man needs.


8 posted on 04/27/2011 8:23:00 PM PDT by old curmudgeon
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To: kristinn

Soros is having a great crises.


9 posted on 04/27/2011 8:24:43 PM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: kristinn
Obama said "we can do a lot" with the $4-billlion in oil company tax breaks. Said US should invest in energy of the future, not the past.

What is extracting another $4 billion from the oil industry going to do that the ill-considered $870 billion "stimulus from 2009 didn't? And while this sinveling jackwagon is at it, why doesn't he explain what this "fuel of the future" is? Notice how he never has any real specifics about that? "Here, America...I'll steal your money from you so you can buy this stinking pig in a poke from me."

When Barry the Boob can fuel the U. S. military with his "fuel of the future," I'll consider listening to him concerning energy matters. But not before.
10 posted on 04/27/2011 8:30:11 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Milton Miteybad
I want that free gas Obama. You can keep your 30 year old pie in the sky alternative energy.

Keep saying it one termer

11 posted on 04/27/2011 8:36:14 PM PDT by scooby321
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To: hal ogen

Ffffuuubbboooo!!!!!! Piss be upon you!!!!


12 posted on 04/27/2011 8:38:53 PM PDT by GlockThe Vote (F U B O ! ! !)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


13 posted on 04/27/2011 8:40:49 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: plain talk
When oil prices blew sky high in 2008, ExxonMobil paid taxes and collected in 2008:

$36.5 billion in income taxes

$34.5 billion in sales taxes

$45 billion in other taxes

14 posted on 04/27/2011 8:44:18 PM PDT by Cobra64 (Common sense isn't common anymore.)
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To: Nachum

Talked to a friend of mine who has a trucker as one of many clients. The man said that last month, he paid $3500 for fuel alone.


15 posted on 04/27/2011 8:44:24 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: combat_boots

That’s nasty.


16 posted on 04/27/2011 8:57:17 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: kristinn

Commie organizer, doesn’t have a clue, behind the bullhorn again.


17 posted on 04/27/2011 8:59:01 PM PDT by The_Media_never_lie
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To: kristinn
"we can do a lot" with the $4-billlion in oil company tax breaks

How about we don't spend it. It's kind of hard to reduce spending this this mentality.
18 posted on 04/27/2011 9:13:42 PM PDT by andyk (Wealth != Income)
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To: kristinn

Really?

And Wall Street TBTF banks DON’T make enough profit, eh?

Current and past congressmen need to have their pensions taken, their health care reduced to DeathCare levels, and NO MORE SPECIAL TREATMENT OF GOV EMPLOYEES ABOVE THE PRIVATE CITIZEN.

/vent off


19 posted on 04/27/2011 9:17:02 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: kristinn
PUNISH THE OIL COMPANIES:

Correct any errors here, but I believe Lucifer is holding a fundraiser tonight or tomorrow night ($35,000 smackers a plate) for his bosom-buddy hedgeHOGS....er, pardon me, hedgefunders.

Leni

20 posted on 04/27/2011 9:31:28 PM PDT by MinuteGal (Obama....you'll have to pry all my incandescent lightbulbs from my cold, dead fingers!)
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To: kristinn

Any people anywhere, being inclined and having the power, have the right to rise up, and shake off the existing government, and form a new one that suits them better. This is a most valuable - a most sacred right - a right, which we hope and believe, is to liberate the world.
Abraham Lincoln


21 posted on 04/27/2011 9:36:36 PM PDT by AmusedBystander (The philosophy of the school room in one generation will be the philosophy of government in the next)
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To: plain talk

“Now the government ... makes way too much “profit”. It produces little of value except the military, NASA and our interstate highways.”

And, with its wisdom, it wants to cut the first two and it doesn’t maintain the 3rd. I’ve seen the same thing in many Communist countries - we aren’t there just yet, but if Obama gets re-elected, yeah, probably.


22 posted on 04/27/2011 9:42:14 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
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To: kristinn
Obama said "we can do a lot" with the $4-billlion in oil company tax breaks.

Absolutely. We can give even more money to help Brazil's Petrobras drill for oil.

23 posted on 04/27/2011 9:46:32 PM PDT by denydenydeny (Rage all you want, looters & moochers, but the gods of the copybook headings are your masters now.)
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To: kristinn
I am glad to see than the man who has never managed a company nor has any other serious accomplishments prior to the 2008 Presidential Campaign knows when a company has made enough profits.

Worse, he knows where to spend the profits most effectively.

I wonder if he would still know this if his TelePrompter was disconnected?

24 posted on 04/27/2011 10:26:45 PM PDT by Nip (TANSTAAFL)
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To: kristinn

The Marxist Muslim Mumbler strikes again. What, again, does Government produce, again?

That’s right, nothing. Government is needed for cops and soliders, and courts...everything else can be privatized, including politician pensions.


25 posted on 04/27/2011 11:25:18 PM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers....)
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To: kristinn

i personally believe 0bama is grossly overpaid.

i’rather sooner see the salaries cut for all congress critters... and their pensions ended... completely


26 posted on 04/28/2011 1:00:53 AM PDT by sten (fighting tyranny never goes out of style)
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To: kristinn

Hey Bambi, I own the eeeevilll XOM stock. They can’t make enough profits for me, so go eff yourself!


27 posted on 04/28/2011 1:50:04 AM PDT by GnuHere
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To: kristinn

“invest” = SPEND!


28 posted on 04/28/2011 4:51:21 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: plain talk

One of the tax breaks benefits the small oil investor who works old wells to keep them producing. The output is small per well, but if you multiply the effect by thousands of wells you have significant production. Cut these guys off at the knees and you will reduce production.


29 posted on 04/28/2011 4:55:42 AM PDT by Melchior
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To: kristinn

The “They’re making enough profit,” says Obama of big oil companies comment is simalar to when he declared that his current presidential helicopter was “perfectly adequate”. I was out of a job two weeks later.


30 posted on 04/28/2011 5:36:44 AM PDT by Garvin (When it comes to my freedom, there will be no debate. There will be a fight)
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