Obama-Robbing Hood? Stealing Money from Oil Companies

[charby]

Obama's 'emergency' economic plan
By MIKE ALLEN | 8/1/08 9:38 AM EST  Text Size:     
 
Sen. Barack Obama (D-Ill.) on Friday announced an Emergency Economic Plan that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls windfall profits from Big Oil.

Details are in this six-page policy paper. http://www.politico.com/static/PPM41_emergencyeconplan.html

The first part of Obamas plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.

This rebate will be enough to offset the increased cost of gas for a working family over the next four months, Obama said. Or, if you live in a state where it gets very cold in the winter, it will be enough to cover the entire increase in your heating bills. Or you could use the rebate for any of your other bills or even to pay down debt

Separately, Obamas plan includes a $50 billion stimulus package that his campaign claims would save more than 1 million jobs.

Half of the money would go to state governments, which are facing big budget shortfalls, and half would be used for national infrastructure, including replenishing the Highway Trust Fund, rebuilding roads and bridges, and repairing schools.

Obama announced his plan 27 minutes after a Labor Department report showed unemployment hit a four-year high of 5.7 percent in July  the highest rate since March 2004, when it was 5.8 percent.

We need to do more, Obama said in a statement. Thats why today Im announcing a two-part emergency plan to help struggling families make ends meet and get our economy back on track.

McCain reacted to the surprisingly dour jobs report with a two-paragraph statement: "Across this country, Americans are hurting and today's job numbers are just the latest reminder of the economic challenges we face. ... Unlike Sen. Obama, I do not believe that raising taxes is the answer to our economic problems. There is no surer way to force jobs overseas than to raise taxes on businesses.

Obama announced his plan for a windfall profits tax on oil companies on June 9 in Raleigh, N.C., as he launched a two-week economic tour after clinching the Democratic nomination.

Fridays proposal says Obama is proposing to offset the cost of his emergency energy rebates over the next five years by enacting a windfall profits tax on big oil companies.

Obama simply asks that big oil companies contribute a reasonable share of the windfall profits they receive from high oil prices over the next five years to pay for emergency assistance for families right now, the campaign says.

I have been calling Obama a communist for quite a while, apperently I have been right all along. I can't believe that 45% of the latest poll wants to vote for this guy! Are people that stupid to realize all this rob the rich to pay the poor is going to do nothing but raise consumer prices. Companies don't want to loose money so all extra taxes gets passed on to the consumer.

So is Obama going to mandate a price freeze before this stimulus check?

So have stimulus checks now going to become part of life is the press starts to whine about a recession?


 

[agricola]

Vote Obama!  And get $500 / $1000!

 

Still, if they are coming up with this rubbish now then they must really be concerned at McCain still being in the race.

[HankB]

So is Obama going to mandate a price freeze before this stimulus check?

Well, the consumer price freeze Mugabe ordered worked so well in Zimbabwe . . . 

[The Annoyed Man]

How is this not bribery? "Vote for me, and I'll take money from those big evil oil companies and give it to You!"

[Headless Thompson Gunner]

It is bribery.  It's theft.  It's communist.  It takes money away from the people it rightfully belongs to (shareholders and investors, people who risked their own money on the success or failure of Exxon) and gives it to people it doesn't belong to.

That man should be run out of town with pitchforks.

[El Tejon]

HTG, relax, this is nothing more than a rehash of Clinton's '92 "Invest in America" drivel.

"Across this country, Americans are hurting

Yeah, um, Barry, we had 1.9% growth last quarter.  The people that are "hurting" . . . government is the one doing the hurting.

Barry, since you communists are all about "plans", here's Comrade El Tejon's Dva-Part plan for the New Soviet, er, American Economy:

1.  Leave us alone.
2.  Abolish the Capital Gains Tax.

[MechAg94]

I wonder if it grates on Democrats to basically do the same thing Bush did?

[Waitone]

The man is nothing if he ain't consistent.  Consistently marxist in his proposals.  Consistently picks marxists as his associates.  I can't wait to see who he taps for his cabinet.

[Nick1911]

Want to help out Americans who are hurting under high fuel costs?

ABOLISH GAS TAX.

[French G.]

That was talked about this spring and Obama dismissed it saying that the few dollars a month difference wouldn't mean much to most Americans.

Mr. Obama derided the McCain-Clinton idea of a federal tax holiday as a “short-term, quick-fix” proposal that would do more harm than good, and said the money, which is earmarked for the federal highway trust fund, is badly needed to maintain the nation’s roads and bridges.

In 2000, Mr. Obama supported a bill in the Illinois legislature to suspend most of the state’s 6.25 percent gasoline sales tax. But he later opposed making the reduction permanent, arguing that the state needed the revenue and that the measure had saved consumers little.

From: http://www.nytimes.com/2008/04/29/us/politics/29campaign.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1217614150-53M7NFwNtFyK3XuoE1LirA

Of course big oil pays corporate taxes on oil revenue too. Combine that and the Federal excise tax and do exactly what he proposes to send us all a check on the gov't dime! 

I have a feeling that a lot of the "earmarked" excise tax money never makes it to concrete on roads.

Oh wait, we had this discussion already re. offshore drilling. Everything is a short term quick fix to the energy and economy crises except for whatever pet socialist plan they have like this "windfall tax" scheme or emptying the SPR so we can really be at the mercy of world oil prices when it is gone.

I think I have a new plan for life. If I hear anyone say "carbon footprint, windfall, Algore, wind turbine, fair share, change, we need to do more, etc." I will just assume they are a foreign spy and kick them in the junk.

[longeyes]

I think Apple is making too much money.  Time to nationalize it and return those windfall profits to the glorious masses.

[freakazoid]

How many times do I have to explain that he is not a communist/socialist?

[Headless Thompson Gunner]

How many times do I have to explain that he is not a communist/socialist?

He isn't communist/socialist?  You're talking about Obama here, right?  The same Obama the rest of us are talking about...?

[FTA84]

Coming from a strongly democratic family, city and county; I am not surprised by that this kind of thing gets 45% of the vote in this country.  People don't care about morals anymore.  They care about themselves and are in some imaginary battle with people who have more than them (i.e. "The rich").  They will do anything to get whatever they want.

Classic example:  A friend of mine from highschool went to art school, not just any art school, a fancy private art school (I will grant she is a gifted artist).  She came from a working class family so took out student loans.  She wouldn't listen to anyone that it was a waste of money.  She was insistant that she would make it big time in NYC after graduating the $200k debt would be gone!  And if that failed, she would meet and marry one of those elitist rich art snobs that would take care of her.  In her third year, she got herself pregnant by some dead beat gangster type.  Managed to graduate, with the kid, but couldn't have afford to get her career started because of the kid.  So, she waited tables, babysat, ect to pay the bills.  Of course, having dead beat boyfriends the whole time.  One of these guys with no real finanical future knocked her up again.  His parents made him marry her even though he is 37 and works at fast food joint.  She has since stopped working because waiting tables she can't cover the cost of taking care of the kids so they just live on welfare.  Stay home and do drugs.  Anytime they find money they blow it (because they are already in terrible credit card debt and student loan debt).

Now, I talked to her the other day.  She is voting for BHO because he will "change" her situation. That is, he will give her free money to continue to make bad choices that the rest of productive society has to pay with.  She hates McCain because he won't be increasing hand-outs.  The sad part, it is the kids that suffer.

[wmenorr67]

Now, I talked to her the other day.  She is voting for BHO because he will "change" her situation. That is, he will give her free money to continue to make bad choices that the rest of productive society has to pay with.  She hates McCain because he won't be increasing hand-outs.  The sad part, it is the kids that suffer.

The good thing is she will probably "forget" to vote and so it won't matter.  Ask her how many other times she voted.

[El Tejon]

How many times do I have to explain that he is not a communist/socialist?

B. Hussein Obama is most certainly a post-American socialist.  Michelle is a dirty-mouthed Communist.

[longeyes]

It's not enough to tax away windfall profits from Apple and Dell.  Their computers are toxic devices, both environmentally and socially.  Until they are "pure" they must be, if not banned, sorely reduced in numbers.  If that makes the price skyrocket, so be it.  It will generate more tax revenues for the State.

[freakazoid]

B. Hussein Obama is most certainly a post-American socialist.  Michelle is a dirty-mouthed Communist.

So your telling me that he wishes to put the proletariat in control of the means of production, and turn this contry into a stateless classless society!? Ha. 

Also why do people sometimes say Baracks and Hillaries middle name sometimes?

[Manedwolf]

B. Hussein Obama is most certainly a post-American socialist.  Michelle is a dirty-mouthed Communist.

So your telling me that he wishes to put the proletariat in control of the means of production, and turn this contry into a stateless classless society!? Ha. 

Also why do people sometimes say Baracks and Hillaries middle name sometimes?

The same reason they call Bush "Dubya" after his middle name, because it exists?

Oh, noes, can't say their real middle name!

[m1911owner]

Introducing M1911's Economic Stimulus package:

Follow the Constitution of the United States.



(Yes, yes, I know.  That would mean about a 90% reduction in the size of government, so we can't do that.)

[MicroBalrog]

Introducing M1911's Economic Stimulus package:

Follow the Constitution of the United States.



(Yes, yes, I know.  That would mean about a 90% reduction in the size of government, so we can't do that.)

You mean the government is currently not following the Constitution? You're a crazed tinfoil hatter. Probably still live in Mom's garage, too. 

[freakazoid]

The same reason they call Bush "Dubya" after his middle name, because it exists?

Dubya is a nickname. Hillary Rodham Clinton and Barack Hussein Obama are not, that is there full name. How often do you refer to people by there full name? When I read the paper I never see anybody refered by there full name, sometimes by there first or there last and sometimes by there first and last but never by there full name. The only time I see someone refered by there full name is when it is with Hillary or Obama, as if nobody knows who these people are. I think it started with Obama because they were trying to subtly link him with being a muslim,  as if that would even be a bad thing. And to cover themselves they started doing it with Hillary too.

[FTA84]

The same reason they call Bush "Dubya" after his middle name, because it exists?

Dubya is a nickname. Hillary Rodham Clinton and Barack Hussein Obama are not, that is there full name. How often do you refer to people by there full name? When I read the paper I never see anybody refered by there full name, sometimes by there first or there last and sometimes by there first and last but never by there full name. The only time I see someone refered by there full name is when it is with Hillary or Obama, as if nobody knows who these people are. I think it started with Obama because they were trying to subtly link him with being a muslim,  as if that would even be a bad thing. And to cover themselves they started doing it with Hillary too.

a) Rodham is not her middle name (Diane is).  It is her maiden name.  I am guessing they do it to connect her to her father's good name.  Same reason it was Teresa Heinz Kerry, so you may like her because of your love of the family catsup. Also the same with John Fitzgerald Kennedy.

b) By "Dubya" he meant George W. Bush.

I think middle names come and go. George W. Bush is simply to not confuse this George Bush with his father.  Same for John Quincy Adams. Why not John Q. Adams? Because it sounds stupid.  Which sounds better? BO or BHO?

[longeyes]

Well, since you brought it up...

If I were married to Theresa and she were still using the name of her dead ex I'd be wondering where exactly I really fit into her universe, but that's a question "war hero" John Kerry doesn't dare ask so long as he needs wifey's money to play in the political sandbox.  Exactly what message is Theresa sending?

[Boomhauer]

How is this not bribery? "Vote for me, and I'll take money from those big evil oil companies and give it to You!"

What? You think this BS is anything new? It's a standard policy of the Dems...vote for us, and we will take more money from the taxpayers and give it to you in the form of more handouts...it is vote buying, plain and simple...

But when Republicans want to reverse it, suddenly Big Media^tm (that's what I am calling them now, 'cause prefacing anything with Big automatically means they are evil) gets in a tizzy...

Also why do people sometimes say Baracks and Hillaries middle name sometimes?

I don't call Obama by his middle name...my typical name for him goes something like "That G(%d$*n F%*$ing Communist SOB" (and that is one of the more polite names I have called him)