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2008-05-02 Home Front: Politix
Obama May Levy $15 Billion Tax on Oil Company Profit
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Posted by Steve White 2008-05-02 00:00|| || Front Page|| [11132 views ]  Top

#1 Good Luck!
Posted by Crolusing tse Tung2778 2008-05-02 02:34||   2008-05-02 02:34|| Front Page Top

#2 Stooopid. Your so stooopid.
Posted by newc">newc  2008-05-02 05:46||   2008-05-02 05:46|| Front Page Top

#3 And this is going to help oil prices how?

Remember who owns these companies - they are publically owned. A tax on these would be, in effect, a tax on your retirement / pension fund.
Posted by CrazyFool 2008-05-02 06:26||   2008-05-02 06:26|| Front Page Top

#4 He's a genius.
Posted by g(r)omgoru 2008-05-02 06:41||   2008-05-02 06:41|| Front Page Top

#5 As if they wouldn't send that expense on to the consumer?
I want oil prices down as much as anyone, I live in a rural area and drive 45 miles each way to work, but this isn't going to drive prices down. I may even make it go up. There may very well be some intelligent regulation that can rectify the market, but this isn't it.
Posted by bigjim-ky 2008-05-02 08:44||   2008-05-02 08:44|| Front Page Top

#6 The Mugabe-Chavez Act of 2009, huh Obama?
Posted by Procopius2k 2008-05-02 08:46||   2008-05-02 08:46|| Front Page Top

#7 Kick open ANWR and the coasts off-shelf to exploration and exploitation (by OUR OWN companies not some Dictator's) and go Nuclear in a big way - that is what will most likely bring down oil prices. Eventually.
Posted by CrazyFool 2008-05-02 08:57||   2008-05-02 08:57|| Front Page Top

#8 From each according to his ability, to each according to his needs.
Posted by tu3031 2008-05-02 09:05||   2008-05-02 09:05|| Front Page Top

#9 Notice he isn't coming after us?
Yeah. Learned your lesson didn't you, smart guy?
Posted by Big Arugula 2008-05-02 09:08||   2008-05-02 09:08|| Front Page Top

#10 How about cutting taxes on oil companies that increase drilling and refinery capabilities? That will bring down the cost of oil in a few years.

This is proof you can be ignorant and moderately stupid and still be a national leader.
Posted by DarthVader">DarthVader  2008-05-02 10:05||   2008-05-02 10:05|| Front Page Top

#11 “The tax would help pay for a $1,000 tax cut for working families…”

What a concept… skim profits from selective industries to pay for populist government ploys. These truly are “historic” times. Perhaps this ruse should be called the PT Barnum /Charles Ponzi Economic Relief Plan of 2009. Not to mention, the ghost of Karl Marx must feel complete vindication knowing that both leading US Democrat presidential candidates are proposing sweeping economic dirigism.
Of course, there’s always the chance that people will make the distinction between “record profits” and…you know…“profit margins”. You see, it’s actually the margin of profit that would indicate consumer exploitation. Evil “Big Oil” posted profit margins around 9.5%. (That’s about a dime profit on every dollar of revenue.) However, Standard and Poor’s lists the average, of all industry, around 8.5%. Both percentages are well below Fortune 500 companies. For instance, Microsoft once posted it’s margin over 25%. Look out “Big Computer Software”. Can the notion of “Green-Tech” jobs be that far over the horizon?
Posted by DepotGuy 2008-05-02 11:01||   2008-05-02 11:01|| Front Page Top

#12 What's that? Sorry I can't understand you with that size 12 in your mouth...
Posted by mojo">mojo  2008-05-02 12:11||   2008-05-02 12:11|| Front Page Top

#13 Maybe there should be a windfall profits tax on farmers, too.
Posted by Perfesser 2008-05-02 12:55||   2008-05-02 12:55|| Front Page Top

#14 I'm for a windfall profits taxes on book sale profits and publisher's advances.
What say you, Barack?
Posted by tu3031 2008-05-02 12:59||   2008-05-02 12:59|| Front Page Top

#15 a regular economics professor.
Posted by Snash Oppressor of the Mohammatans aka Broadhead6 2008-05-02 21:31||   2008-05-02 21:31|| Front Page Top

#16 Never underestimate the stupidity of the American people. This game will get him votes.
Posted by Glenmore">Glenmore  2008-05-02 22:14||   2008-05-02 22:14|| Front Page Top

#17 Hmmm, there's always rumblings that oil's gonna go thru the floor - and when it does......

just how is he going to pay for the expansions?
Posted by anonymous2u 2008-05-02 23:17||   2008-05-02 23:17|| Front Page Top

23:36 trailing wife
23:36 Silentbrick
23:28 trailing wife
23:24 SteveS
23:17 anonymous2u
23:12 SteveS
22:58 Jan
22:42 Thaimble Scourge of the Pixies4707
22:32 RD
22:28 Thaimble Scourge of the Pixies4707
22:14 Glenmore
22:10 Shieldwolf
21:55 Frank G
21:54 Old Patriot
21:50 Barbara Skolaut
21:46 Barbara Skolaut
21:39 Snash Oppressor of the Mohammatans aka Broadhead6
21:37 DMFD
21:32 JosephMendiola
21:31 Snash Oppressor of the Mohammatans aka Broadhead6
21:30 Snash Oppressor of the Mohammatans aka Broadhead6
21:28 regular joe
21:27 Snash Oppressor of the Mohammatans aka Broadhead6
21:20 JosephMendiola









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