Hurrays to the GOP for derailing the Dumb-Lib "Windfall Profits Tax" which would not have lowered the price of gas even one penny, and/or would not have put one extra drop of gas more into the system. So just what do they, the DNC and George Soros, consider a windfall? The 5 US oil company's profits of course! Huge profits? Yes? As an overall industry average, they went from 4.1% up to 4.2% profit, a huge and massive increase of 0.1%. Let's put that into everyday perspective. If you earned $25.00 per hour, what would you think and do if congress wanted to double your tax rate because you received a 2.5 cent per hour raise. Your personal equivalent of a massive windfall profit!!!!So why is it that China can drill for oil in the Gulf of Mexico, 60 miles from Florida, but American oil companies can not? Maybe we should just get rid of all cars, trucks, trains, and planes, and go back to horses, bicycles, and walking as our ONLY MEANS of transportation? Now that would really keep us competitive in today's global market economy! And while we are at it, no more electricity generating plants, no more national natural gas pipelines. No more gas or oil heat in winter, and absolutely no more electric air conditioning during summer. No electricity means no more computer usage. By the way, Liberal presidential candidate #2, John McCain, says that he believes that the BIG OIL companies should be forced into investing their money (shareholder profits) into alternative energy. So is that not the same as forcing Ford and GM into investing shareholder monies in Schwinn and Huffy bicycles? Why Not? Same warped and twisted Dem-Lib thinking?

Comments:

Record profits...most ever by a corporation, 40 billion, do the math. Who's zooming who. Profit means you paid a hell of a lot less then you bought it for? Oil companies don't give a lickity spit about us. However, I have to agree, what a dumb bill. You're an angry guy my friend, you must have some friends that are progressives because this regressive approach is the way of the steamboat. The future does not belong to oil, we need to trash this old technology before China grabs it and starts selling electric cars at Wal Mart

comment by oldfatguy on June 13, 2008 1:31 PM ()

The more I discover McCains "lenient, more liberal attitudes toward various issues like border patrol and illegal invasion, the more I would like to have seen Romney or Huckabee as the GOP nom and wish I had voted in the direction

reply by brian45 on June 13, 2008 1:35 PM ()

Goodness, Dr. Bill. Every time I read one of your posts, I can't figure out for whom you're going to vote. I think I said this once already...

comment by sunlight on June 12, 2008 11:22 PM ()

Wow, Jason! That's turning the world on its head!

reply by sunlight on July 1, 2008 1:28 PM ()

GM is designing the Obama Chevy Volt due in 2010. An entirely electric car, it needs gasoline to recharge the battery. Our two preemptive wars in the region increased turmoil driving oil prices up. Since we fight wars on borrowed money, the dollar has weakened another cause of rising prices. After the GOP failed to regulate the mortgage industry, they unleashed a number of fraudulent credit deals that led to the housing bubble. After the citizen loses his home, he won't have a car to sleep in or to commute to a job. After the Chinese cash in their T-bills, they can buy our homes cheaply and employ us as houseboys and concubines.

reply by bumpedoff on June 30, 2008 4:02 PM ()