Tuesday, April 26, 2011

Obama Reissues Call To End Oil Company Tax Breaks

Ahhh - the latest focus in the colossal failure known as the Obama administration is that the subsidies given to the big oil companies should be stopped - generating $4 billion in revenue.  Does Obama really hate the big oil companies that much?  Remember that company BP?  The company that gave the government the $20 billion slush fund that has doled only $3.8 billion of it.  If that money isn't given out guess who gets it?  I would say that the government loves a company that gives them $20 billion (especially the party in power).
Next we have to ask if this is so important to the Democrats - why did they not end the subsidies in the 2 years they controlled the House, Senate and WH?  Things that make you go hmmmmmmm.
What is going to happen to that $4 billion in revenue if Captain Kickass gets his hands on it?  Why he wants to turn around and throw it into wind and solar power.  You know - that alternative energy pipe dream he won't let go of. 
Does this mean that we will see an end to the subsidies given to the alternative energy companies?  To GE?  To GM?  Does this mean that we will see lower fuel prices?  Who do you think is going to pay to make up for that $4 billion they are losing? 
Looks like Obama is looking out for the poor again doesn't it?

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