Archive for the ‘oil companies’ Category
Populist: A person who holds, or is concerned with, the views of ordinary people. The problem is, on a personal level, Obama has no idea what it’s like to be one of the common folk, or even know what their views are. Like a con artist that throws the proverbial spaghetti on the wall to see what sticks, Obama seeks to appease and bribe people, either with their own money or someone else’s money and he must be a cheapskate as it’s never his own. Today we find that Obama has a plan to tax the “windfall” profits of the oil companies, and use the money as an emergency rebate for the masses. Sounds popular, I mean big oil is evil, right? On the scale of net profit, oil companies make about 7-8%. Google made around 25%. Should we tax big internet? Oil companies make what they do by shear volume. In fact I would bet the federal government makes more money on a gallon of gas in tax than the oil companies make on that gallon. Talk about entitlements. The government does nothing to earn this money, but is willing to penalize the oil companies because they got a return on their work. Obama is trying to create a straw man to blame for rising energy prices, and he uses populist notions in the process. He was against oil drilling at one point, but after the backlash, and I am sure polling data, he now says he may be open to offshore drilling. If he was a true man of vision, he wouldn’t need 300 advisors to educate him, he wouldn’t need pollsters, because he would know what’s right. Obviously, he has no clue.