How Obama Wants To Send The Economy Spiraling Into Depression And The Democrats Want To Help Him Do It

We know the economic news isn’t good. We know that high energy prices are to blame for the current situation. When gas prices go up, transportation prices go up which means the price of anything being transported goes up and the American consumer pays for it all at the retail cash register. That’s called inflation. Gas prices are currently driving a very inflationary economy and eventually, it is going to drive us into a full-fledged depression.

So, what does Barack Obama want to do about it? Read this from Reuters:

Barack Obama said on Monday he would impose a windfall profits tax on U.S. oil companies as he sought political gain from Americans’ pain over high gasoline prices.

“I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their skyrocketing energy costs and other bills,” the Illinois senator said.

So, Obama’s plan for dealing with “skyrocketing energy costs” is to force Americans to pay even higher prices for energy by raising taxes, which get passed on to the consumer, on the oil companies? And then, he is going to redistribute wealth so Americans will feel okay with paying higher energy costs?

This guy is so detached from reality that it is difficult to believe that even the Dems could have nominated him. His socialist policies, if implemented, are going to end up in disaster. He must be stopped.

You can access the complete article on-line here:

Obama Says He Would Impose Oil Windfall Profits Tax
Reuters
June 9, 2008


And while we are on the topic of high gas prices, the House GOP rightly laid the blame at the feet of the Democrats in Congress.

From The Hill:

“Today marks another dubious day for this Do-Nothing Democratic Congress,” House Minority Leader John Boehner (R-Ohio) stated. “On their watch, gas prices have soared to new heights, and by refusing to schedule a vote on a plan to increase American-made energy to help lower gas prices, congressional Democrats are complicit in this unprecedented surge in fuel costs.”

Yes, on their watch, we were promised lower gas prices. The truth is, the Dems have forced gas prices up. They know what the effects of supply and demand are just as well as anyone else. Yet, they are bound and determined to keep supply low in order to keep prices high.

Read on:

Boehner touted the GOP’s plan to reduce the burden at the pump and blasted House Speaker Nancy Pelosi (D-Calif.) for not bringing it to a vote.

“Every American has a right to ask: What will it take for the Democrat-controlled Congress to finally take action and help ease the pain of the Pelosi Premium on behalf of struggling families and small businesses?” Boehner stated. “Speaker Pelosi has the power to schedule a vote on our plan to begin breaking America’s costly dependence on foreign sources of energy. She should not wait another day to do so.”

House Minority Whip Roy Blunt (R-Mo.) added: “Enough is enough. It’s time for Democratic leaders in D.C. to put American interests above their special interests – and allow a vote on increasing America’s homegrown energy supply. We’ve tried it their way — and with $4 gas as the result, it’s time to do something worthwhile for the American people.”

We need to start drilling at home. We need to start drilling offshore. We need to tap into the massive amounts of oil we have underneath us and begin bringing prices back down and hopefully prevent a Democrat-induced depression.

You can access the complete article on-line here:

House GOP Seeks To Pin $4 Gasoline On Democrats
Klaus Marre
The Hill
June 8, 2008

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