dnc math
So if 1.3 million dollars in contributions from big oil means that John McCain is “in the pocket of big oil”, then what does Barack’s $400,000 from big oil mean? Apparently nothing if you’re the DNC or the average Democrat. Jake Tapper also mentions that employees of big oil individually have given slightly more money [...]
random acts of verbiage
If you’re someone who wants your candidate to be taken seriously on foreign policy, you probably shouldn’t say stuff like Obama advisor Richard Danzig said, “Winnie the Pooh seems to me to be a fundamental text on national security”. Yes, I’m sure that there was a deeper, broader point to it, because this guy is [...]
profits
Guess those high windfall profits aren’t sustainable for Exxon Mobile. According to CNN, Exxon Mobile is closing 2,220 of its company-owned gas stations, saying that they can’t make enough money on those stations to keep them operational, even with $4 gas. That can’t be right. The Democrats tell us that big oil continues to soak [...]
democrats attempt to punish big oil
They might want to remember what happened last time we imposed a windfall profits tax.
Interesting findings from a 2006 Congressional Research Service Report (quoted here). Full PDF here.
This is the most interesting part:
Reinstating the windfall profit tax would reduce recent oil industry windfalls due to high crude and petroleum prices but could have several [...]
