Ok so where to begin?
Well this is a blog that supports John McCain for President.
I think that John is the most qualified candidate that is running for the job.
He is a war hero in a very controversial war, he has been a senator for many many years, and he is somewhat of a maverick in his own party.
His policies make sense especially his energy policy. He plans to drill drill drill, which is great for any college kid because we are all poor and need to save as much money as possible.
He also plans to use all forms of energy to get us off our addiction to foreign oil. The use of nuclear, solar, wind, geo thermal, and clean natural gas. This is a great step forward in American History.
On the other hand there is Obama, whose energy policy is to tax, tax, tax!
What good is taxing going to do when all oil companies are greedy SOB's and want to make more money. If you take their 40 billion dollar profits they will spike prices to make up for the loss. Economics 101 right there, I think that the Obama Mama needs to go back to high school and relearn Economics. Plus a tax does nothing to create new forms of energy, all it does is create revenue for the government, which we all now know how well they spend our money(poorly).
The Obama Mama states that Johnny Boy is more of the same, yet who is it that wants to change how we use energy and make sure that American dollars DON'T end up in terrorist hands, and then look at who wants to tax tax tax(more of the same).
That is all I have time for today, but don't you worry there will be more to come.
3 comments:
My god, youve become one of those political bloggers! I wonder how long it will take Fox News to find you lol
Check out these two websites:
http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion
http://conservemus.com/2008/05/03/exxon-mobil-setting-new-records-in-income-tax/
I think most would be interested to see how much money Exxon alone already pays in taxes.
Another downfall of increasing taxes on the oil industry is that most investments (pensions, retirement, 401K) of the regular working class are diversified, and many of those funds are invested in oil companies and their subsidiaries leaving Americans dependent on the stock values and profit margins of this industry. Increased tax rates to corporations equal higher prices, cut back in employment opportunities among other negative effects on the economy. Therefore, causing more burden on the low and middle class.
Idea for your next blog: This information is supposed to be released in the Wall Street Journal this week. Top 10% of wage earners (over $320,000) pay 40% of the total tax bill. 2/3 of these tax payers are small business owners. Top 40% of wage earners (includes the 10% mentioned above) pays 80% of the tax bill.
Here is the problem with your drill drill drill plan. Off shore drill ing won't have any effect on oil production for 8 years or more. Hence, no effect on current gas prices. In addition, the oil companies already hold valid offshore oil leases that they are not even using. They are limited by our current critical lack of oil exploration and drilling capacity. We can't even drill in the off limit areas if we wanted to. Simple to implement energy efficiency standards could easily eliminate our dependance on foreign oil.
Wouldn't we be better off putting our financial resources into alternative energy sources and being completely independent of foreign oil in ten years instead? Oil is not our energy future and the sooner we face that fact, the sooner we will be better off.
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