[...] Democrats – Lets Confiscate Big Oil Profits [...]

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[...] they should know that any reductions in the meager profits Big Oil makes (Their profit margin came to a whopping 8.3%, which underperformed the entire manufacturing sector as a whole. For investors in the oil [...]

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[...] they should know that any reductions in the meager profits Big Oil makes (Their profit margin came to a whopping 8.3%, which underperformed the entire manufacturing sector as a whole. For investors in the oil [...]

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Had to use that cartoon for its own post Yon, good find….thx.

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RedPlanetCartoons have the Dems pegged.

They quote Thomas Sowell from April 2006 as saying, …

“Ironically, the people who are making the most noise about the high price of gasoline are the very people who have for years blocked every attempt to increase our own oil supply. They have opposed drilling for oil off the Atlantic coast, off the Pacific coast, or in Alaska. They have prevented the building of any new oil refineries anywhere for decades.

Even when one of their pet “alternative energy sources” — windmills — is proposed to be built near them, suddenly it is not right to spoil their view.”

And, it’s as true now as it was then.

Here’s a great summary of various facets of the problem.

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Hillary’s solution: Confiscation. It requires a legal basis to confiscate earnings, property, etc. And, the law, by definition, abhors confiscation and forfeiture. The last time any attempt was made to have the oil companies’ profit and/or earnings seized by confiscation ended up being a courtroom fiasco. The jury came back with the verdict in favor of the oil companies. Reason: did not meet the burden of proof.

Obama’s solution: Windfall profit tax. The last time Congress enacted a windfall profit tax on oil, guess who ended up paying that tax??? It was passed along to all of us. But, let’s go beyond this to Obama’s reasoning. He assumes the oil companies has tacked on an additional mark-up on oil prices above $80 a barrel. The current oil prices are result of gross speculation (can you say George Soros and Warren Buffet?), over reaction to weather events, over reaction to world events, etc.

Sounds like more of the tired, old solutions.

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She tells us that she wants to confiscate the profits of the oil company and put it towards greener energy sources. Nothing Communist about confiscating profits right?

Actually this comes straight out of the NAZI playbook – Demand 14:

We demand a division of profits of all heavy industries.

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All those” evil oil companies making obscene profits”, yet not a peep about lowering the obscene taxes levied on a gallon of gas… The average tax on a gallon of gas (from July of last year, it’s more now) is .49 cents.

They should take the first step towards helping the little guy if they really mean it. Never tell someone to do something which you are not willing to do yourself!

http://www.api.org/statistics/fueltaxes/upload/Jan08MFTNotes.pdf

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“It sure is a laugh when all of the problems of the country can be blamed on the Democrats having a slim majority in the Senate and a good majority in the House for all of 15 months.”

Which has enabled them to grind any reasonable legislation to a halt. Now, let’s take a look at how things have been for the last 40 years.

1969 – Present
91st Congress Democratic majority, both houses
92nd Democratic majority, both houses
93rd – Democratic majority, both houses
94th – Democratic majority, both houses
95th – Democratic majority, both houses
96th – Democratic majority, both houses
97th – Republican House, Democratic Senate
98th – Republican Senate, Democrat house
99th – Republican Senate, Democrat house
100th – Democratic majority, both houses
101st – Democratic majority, both houses
102nd – Democratic majority, both houses
103rd – Democratic majority, both houses
104th – Republican majority, both houses
105th – Republican majority, both houses
106th – Republican majority, both houses
107th – Republican majority, both houses but then Senate became Democratic
108th – Republican majority, both houses
109th – Republican majority, both houses
110th – Democratic majority, both houses

Take note of the years that the Republicans gained control of both houses and what has been said about those years. That would have been under the Clinton administration. And I know I’ll “hear a yeah, but, what about after that?” There was this little thing that happened on 9/11/2001.

Should we talk about Jimmy Carter (D-GA) and things like nature preserves in Alaska, Hostage crisis in Iran, High inflation, Oil shortages, Panama Canal turnovers, SALT talks?

How many of those Democratic representatives have been around those 40 years accruing power? Don’t get me wrong, there’s enough blame to be spread around. If I had my way, I would tar and feather every one of them and run them out of town. The next thing implemented would be term limits.

(edit: I forgot to add in Carter’s Department of Education (how’s that working out?) and Department of Energy)

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You have it all wrong John
Everything thats wrong with this country can be traced to a slow erosion of our society by liberalism via activist courts and 60′s radicals….

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