Monday, June 16, 2008

Energy Charade

Energy Charade
By Donald Lambro

There's no way to put this politely. Raising taxes on U.S. oil companies and calling it an energy plan is just about the dumbest idea the Democrats have come up with yet.

Democrats call it "a windfall profits" tax, and it is at the heart of their plan to deal with punishing oil prices nearing $140 a barrel and skyrocketing gas prices that have crossed the $4-a-gallon threshold at the pump.

Their proposed tax increase will not produce a drop more oil. In fact, it will reduce supplies. And it will not lower oil prices, either. It will make oil more expensive, because oil company costs would rise as a result of higher taxes.

Republican Sen. Kay Bailey Hutchison of Texas called the bill that Democratic leaders recently brought to the Senate floor "a pathetic attempt to even call itself an energy plan."

Democrats seem to have a problem with what they deem to be "windfall profits" only when it comes to oil. Farmers are raking in huge profits from corn to make ethanol, with heavy federal subsidies to boot. But there are no demands from Nancy Pelosi or Barack Obama to slap corn growers with higher taxes to confiscate their earnings, even though the environmental ethanol craze has been driving up the cost of bread, cereal, meat, poultry and just about everything else we eat.

The legislation Democrats proposed did not pass the laugh test. Besides its windfall profits tax, the bill suggested that the United States sue the Organization of Petroleum Exporting Countries (this is the way litigious lawyers in the world's most deliberative body think) and called for yet another federal commission to look for price gouging.

But as Mrs. Hutchison said, "It does not produce one ounce of energy. Not one ounce." Common sense suggests we need to produce more fuel, but this bill was on empty, and mercifully, the Democrats failed to muster the 60 votes needed to end debate on the bill.

more...

http://www.washtimes.com/news/2008/jun/16/energy-charade/

3 Comments:

Blogger CHOMP said...

I really can't keep up with Democrat screwballness! Their "logic??" just escapes me.

Also, we can't do solar power in Seattle-land. There is not enough sun. Just give us our gas back, please. Remember that I asked nicely!

9:39 PM  
Blogger The Merry Widow said...

Chomp-It's about control, and shoving their agenda down everyone's throats.
They want utopia, because this world is all they have, so they don't want to accept and work with our less than perfect selves and planet.
And they are determined to get their utopia over the backs of the middle class and the poor.
THEY DON'T CARE FOR ANYTHING BUT THEIR "U"TOPIA!
The rest of us can get on the bus, or be run over...
Good morning, G*D bless and Maranatha!

tmw

3:03 AM  
Blogger VerityINK said...

Absolutely right, TMW--they ought to spell it youtopia because all they think about is the world for themselves and their cohorts.

Even if their hogwash ideas were true, they only want the good life for other democrats--the rest of us can rot in hell, as far as they're concerned. Helluva view of mankind and goodness, isn't it? They don't have a dime's worth of spirituality among 'em--and they have the nerve to paint US as materialistic!

Hey, guys, it's not us that is concerned only with temporal or venal things--it's we good conservatives that KNOW there's more out there than your shabby ideas of 'the good life'. We're not earth-centered, or even self-centered; we're God centered.

1:51 PM  

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