Friday, December 5, 2008

Obama abandons windfall profits tax on oil companies

Barack's Windfall Reversal - WSJ.com

Thank goodness Obama is smart enough to change his mind on some of his terrible ideas during the campaign. Clearly he was willing to say whatever he needed to in order to appease his base and liberal idiots like Dick Durbin.

One of Durbin's most infuriating lines ever is his argument that oil companies have engaged in "profit-taking." This sham of a phrase was clearly designed to accuse oil companies of doing something wrong, in spite of the fact earning a profit is at the heart of the American dream (as well as in spite of a number of other points mentioned in the WSJ column linked above). As I mentioned to a friend yesterday, the phrase "makes my blood boil every time, because it's such a slimy way to make the argument. It's branding. Pathetic, disgusting, false, anti-American branding." I may not agree with Obama on much, but I will thank him for putting this stupid idea behind us.

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