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The lies and distortions are coming at us so fast and furious that it's almost hard to keep up. The historic Democratic presidential campaign has deteriorated into a daily discussion of Who's Zoomin' Who ? (my vote goes to Hillary, for Lifetime Achievement In Falsehood).
However, since Congress put on it's annual dog and pony show with the oil company executives yesterday, I want to say a word about one of Obama's distortions. Obama claims that he doesn't take money from the oil companies:
“Since the gas lines of the ’70s, Democrats and Republicans have talked about energy independence, but nothing’s changed — except now Exxon’s making $40 billion a year, and we’re paying $3.50 for gas.
I’m Barack Obama. I don’t take money from oil companies or Washington lobbyists, and I won’t let them block change anymore. They’ll pay a penalty on windfall profits. We’ll invest in alternative energy, create jobs and free ourselves from foreign oil. I approve this message because it’s time that Washington worked for you. Not them.” - Barack Obama
Barry claims he doesn't take money from oil companies, and it's true, he doesn't. The part Barry leaves out is that NONE of the candidates take money from the oil companies. They can't, because it's ILLEGAL. The other part Barry leaves out is that he DOES take money from oil company executives, and two of his largest fundraisers are oil company executives, according to factcheck.org. I'm sure it just slipped his mind. We can call this the Obama Oil Slick.
I'm also growing a little tired of Democrats like Obama talking about taking away the profits of the oil companies, especially since THE GOVERNMENT MAKES MORE MONEY FROM OIL COMPANY SALES THAN THE OIL COMPANIES DO ! If the government truly cares about us little people, why don't they ever talk about removing the 65 cents tax on every gallon of gas ? Why is it immoral for oil companies to make a profit, but perfectly fine for the government, who doesn't drill, refine, or deliver one drop of oil to the pump, to make even bigger profits from oil ? Who IS zoomin' who ? What the Dems are really saying is that THEY want to steal the oil company profits for themselves. That ain't free market capitalism, folks. That's a whole different -ism, one we've fought wars against. One we shouldn't tolerate for a second.
The Democrats also ask why the oil companies should continue to get tax breaks when they are making record profits. That's a valid question, but, do the Dems realize that raising taxes on oil companies won't lower the price of gas, but will instead raise it ? They DO realize that, don't they ? Please tell me they do.
Amid all the blame being doled out to the mean old oil companies by the Democrats, one congressman actually asked a useful question (golf clap):
"What would bring lower prices?" asked Rep. James Sensenbrenner of Wisconsin, the committee's ranking RepublicanSource
"We need access to all kinds of energy supply," replied Robert Malone, chairman of BP America, adding that 85 percent of the country's coastal waters are off limits to drilling.
What's this ? You mean increasing the supply of gasoline (combined with reducing demand) might reduce the price of gasoline ? Too bad some economist hasn't come along and realized that this supply vs demand thingy might be important, huh ? I think it could even be some kind of economic law, maybe. Perhaps someone should look into it.
And guess which political party has been responsible for restricting the supply of oil in the good old U.S. of A, by restricting drilling, among other things ? If you said "THE DEMOCRATS", the same people bitching about the price of gas now, you win a cigar (just don't try to smoke that cigar. The Dems don't like smoking or oil drilling. They've restricted both).
By the way, since the Democrats took control of Congress following the 2006 elections, the price of gasoline has risen by about $1.00 per gallon. Those SOB's.
The increase in the price of gas isn't the Dems fault, of course, I was the one zoomin' you that time, but since this is election season, and since I've heard Bush blamed for the price of gas about ten billion times by Democrats, I thought I'd throw that in to score a cheap and dishonest political point. It's the Democrat way... Ewww. Suddenly, I feel dirty. This must be what those Dems in Congress would feel like...if they had consciences.
Exxon/Mobil made $40 billion in 2007. I think their net profit margin was about 9 percent. That's not a very large profit margin. It's pretty low when compared to other businesses, even though the absolute profit number is huge. I'm not saying this to defend the oil companies, I'm saying it because it's true. Exxon's profit is due to Exxon's enormous record sales. I couldn't find the exact number, but CNNmoney has some of the numbers here.
If the Democrats would agree to expanded offshore drilling, drilling in ANWR, and new refineries, Exxon could and would use a lot of those profits for new oil exploration to increase the supply of domestic oil and reduce foreign consumption until such time as alternative fuels are ready for mass use and cost effective. That would be sensible and would benefit america, but the Dems are against it, apparently because a polar bear or fish might have to relocate. They'd rather just point the finger and steal Exxon's money instead. Those are some oily politicians, and their policies are providing NO help to americans.