Posted on 03/17/2012 12:44:20 PM PDT by bestintxas
President Obama said Saturday he cant do much to lower gas prices, and renewed his call for Congress to end tax breaks for oil companies.
The truth is, the price of gas depends on a lot of factors that are often beyond our control, Mr. Obama said in his weekly address. Unrest in the Middle East can tighten global oil supply. Growing nations like China or India adding cars to the road increases demand.
The president didnt mention one of the few direct actions he could take to try to lower gas prices in the short term releasing oil from the U.S. Strategic Petroleum Reserve.
Mr. Obama called for that solution as a candidate in 2008 when gasoline prices neared $4 per gallon, and he reportedly discussed the option earlier this week with British Prime Minister David Cameron.
Instead, Mr. Obama said his administration is cracking down on oil profits on traders who distort the price of oil, and make big profits for themselves at your expense. And he called on Congress again to eliminate $4 billion in annual tax breaks for oil companies.
Your member of Congress should be fighting for you, Mr. Obama said. Not for big financial firms. Not for big oil companies.
A report by the nonpartisan Congressional Research Service last year found that eliminating the subsidies would likely result in higher gas prices in the short term.
(Excerpt) Read more at washingtontimes.com ...
Excellent information.
I would suggest that we are unwise to persist in calling Mr Hussein Obama a “moron” or an “idiot.”
This guy is dumb like a fox.
If his goal is to destroy America — or, at the very least — to take her down a peg or two, he is simply brilliant.
Even if he is not smart enough to come up with his political maneuvers on his own, he is at least wise enough to listen to the scheming Marxist Machiavellis in his inner circle (who obviously have his ear).
His moves are dumb only if he thinks he is trying to “help” America, as you and I would wish to “help America.” His idea of “helping America” is to make it look more like Kenya, the possible country of his birth. So, I guess that does make him a “patriot” in a backhanded sort of way.
“Excuse me! Do you have any Grey Poupon?”
Forrest Gump - “stupid is as stupid does”
:: Do the people who voted for this fool rally believe that? ::
No, they don’t. What they do ^know^ is that those taxes paid by the oil companies will be used by Obamugabe to give them more free $h!t.
Yeh, that makes sense - bring the price of gasoline down by ending tax breaks for the oil companies?
What a brilliant organizer-in-chief we have!!!
This man is no moron. He knows exactly what he is doing. He is in the process of destroying this country.
How about....end tax breaks AND any federal money going to unions, Planned Parenthood and leftist organizations like Media Matters.
And that is exactly Obama’s intention. Nobody....not even a leftist, could be THAT stupid.
And while we’re at it, since Obama is so bent on targeting religious organizations....let’s remove the tax exempt status of unions and Media Matters. And watch them squeal.
Let’s start with ending 501 c 3 status for all those leftist politically involved organizations.
I'd be fine with that if the government got rid of all subsidies and "targeted" tax breaks and credits. Let the market work without interference from government taxation and spending policies.
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