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Paris Hilton’s political ad

Posted 06 Aug 2008 in 2008 election, humor


Sadly, her energy policy is better than Obama’s. And she’s only 143 days shy of having as much legislative experience. Maybe the Democrats were too hasty in their decision for candidate…
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UPDATE: The Washington Post levels a more substantive critique of Obama’s ill-advised energy plan.

Modifying his previous opposition to tapping the reserve, Mr. Obama would swap more-expensive light crude held there for cheaper heavy crude “with the goal of bringing down prices at the pump.” President Bill Clinton did such a swap in September 2000 — yes, just before another presidential election — and President Bush released oil in 2005 after Hurricane Katrina. Both moves led to drops in the spot price of crude but not the sort of relief at the pump that Mr. Obama promises. Even if they had, any relief from Mr. Obama’s plan would be temporary while compromising a reserve intended to protect against disruptions in supply caused by wars, boycotts and the like.
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Mr. Obama wants a surtax on net oil company profits above a “reasonable” level. The tax would be set high enough to raise $65 billion over the next five years, and the revenue would fund a one-shot tax rebate that Mr. Obama would like to give to families and individuals this year.

Making Exxon surrender money that is now falling into its lap would not necessarily affect its longer-term plans or incentives. Indeed, some of Big Oil’s “windfall” already will go to the government: The more profit the companies earn, the more corporate income tax they pay. But to add a five-year tax increase on top of that to pay for a one-year gift to voters would, indeed, increase the cost of doing business. That cost would be passed along in forgone investment in new production, lower dividends for pension funds and other shareholders, and higher prices at the pump—thus socking it to the consumers whom the plan is supposed to help.

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

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