True to form the GOP blocked a measure that would have supplied a measure of relief to American’s at the pump. They blocked an effort by Senate Democrats to tax windfall profits of oil companies. Windfall profits would be a way to punish the speculators, but you can’t do that to the Grand Oil Party. America is on the verge of an economic collapse and the robber barons are not about to let up. The Grand Oil Party plan is to drill in ANWR and along the coast. Ripping off your customers must be a family value.
WASHINGTON — Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America’s anger over $4 a gallon gasoline.
The Democratic energy package would have imposed a tax on any “unreasonable” profits of the five largest U.S. oil companies and given the federal government more power to address oil market speculation that the bill’s supporters argue has added to the crude oil price surge.–Read more at Huffington Post.
Toyota’s hoping many people will be looking to increase their bottom line with the purchase of an IQ. I’m tempted myself. This little car looks like the ForTwo, only it is for three adults plus one child. Read more here.
I hadn’t heard that. Too funny. I wonder if the President has heard of $5 a gallon gasoline.
Gasoline and other fuel prices are rising at meteoric rates and a do-nothing government sits idly by and tells us that Europe is paying more per gallon and they are as usual telling only half the truth. The Europeans are paying more per gallon, but their cars are twice as efficient. You can’t purchase cars like the Europeans drive in the United States. It’s not allowed. The Chinese have higher fuel efficiency standards than we do.
We have the best and brightest minds when it comes to manufacturing weapons systems. We’ve won two world wars. We beat the Germans and the Japanese to the nuclear punch and we outdid and outspent the Russians in the Cold War. Two guys from California built a personal computer in a garage in 1977 and since then we’ve put a personal computer in every home, school and business. We put a man on the moon before anyone else on the planet did. There is nothing that the people and scientists of the United States of America cannot or will not accomplish if they are given a free reign. There’s the problem. We don’t have a free reign. Would to God that our market and market forces were really allowed to function as they ought to. Can you imagine how much money you’d make if you could produce a car capable of 100 miles per gallon? It’s possible but the technology is under wraps. It’s kept under wraps by our own government working in concert with the petroleum industry.
We have battlefield equipment that will darn near run on grass clippings because they don’t have fillin’ stations in the middle of the desert, but we can’t get a tiny car to produce more than 35 miles per gallon. That is just pure and simple baloney. Too bad that none of our candidates is really talking about a real energy policy or real alternatives to our present system.
We don’t have an energy shortage. We have an honest politician shortage and a lack of truly free enterprise that would work for the good of the country.