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Thursday, February 28, 2008

House votes to repeal "big oil" tax breaks

Enough is enough!

After the U.S. House of Representatives voted yesterday to repeal $18 billion in tax breaks for big oil companies to help pay for developing renewable energy sources, Bush threatened to veto the bill, saying that it "unfairly targets the oil industry". Read that last line again, and recall that Exxon Mobil, by itself, recorded record profits of $40.6 BILLION last year. These bastards have gotten fat (particularly the fat bastard pictured) off us, reaping windfall profits while George Bush hands them back billions of our tax money!

Even you conservative, pro-business, common market folks must find fault with subsidizing an industry that requires no help in the first place! "Nothing wrong with making a profit" is the talking point that I keep hearing from these people. I agree, to a point. But I take exception at obscene profits that are made merely to make obscene profits - big oil has had no unexpected increased expenses, no shock waves. They are directly fucking the American people, while their enabling lackey in the White House not only protects them, but hands them more of our money via tax breaks.

In 2007, the price for a barrel of oil jumped from $50 to $100. I don't recall hearing that the supply fell by 50%, nor did I receive any information regarding a huge increase in expenses for the oil companies. What I HAVE heard is that big oil was given billions to offset THEIR usual and customary expenses, while those of us in the transportation industry not only got screwed at the pump, but received no in-kind government assistance to help us like the oil companies got. My annual fuel costs have increased from $3.5k in 2001 to $10.5k last year - where's MY big tax break? Somewhere on Exxon Mobil's tax return, apparently. . .

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5 Comments:

Blogger Stan Matuska said...

And on top of that, I heard that gas is heading towards $4.00 a gallon!!!

Each new car you buy, make sure it gets more mpg than the last one. Eventually we gotta have more supply than demand.

title="comment permalink">February 28, 2008 8:33 PM  
Blogger John Good said...

Stan - Diesel is at $3.85. Today. In Ft.Wayne.

title="comment permalink">February 28, 2008 8:34 PM  
Blogger Human said...

Bush at news conference when told the experts predict $4.00 a gallon -
??? huh? Well we know it's high right now..giggle giggle.

I'd like to stuff the pump right up his ass.

Did you hear that ex FEd Chairman Greenspan has told foreigners to dump the U.S. dollar? WTF? Are they trying to destroy it? Did you see where a certain Rep. called Bernake out and outright accused him and in effect the Bush Regime of sabotaging the Economy? It took place during the hearing on Capitol Hill 2 days ago. Not reported by the MSM. Of course it was Ron Paul who said it. So it can be easily dismissed. After all why would they ever do that? That would be unAmerican. Greenspan is just giving friendly advice. Yeah, And I have some WMD that Saddamm told me to hide for him that I'm putting up to the highest bidder.
Peace.

title="comment permalink">February 28, 2008 10:01 PM  
Blogger Parson said...

Damn liberals, trying to keep the oil industry from making a little profit. Attica!!! Attica!!!! What's next taxing those oil barons and giving children some health care!

title="comment permalink">February 28, 2008 10:02 PM  
Blogger Vic DeMize said...

The sad part is if their tax breaks are rescinded the barons will just pass it on to us at the pump. Bend over and brace yourself for the $6 gallon!

title="comment permalink">February 28, 2008 10:35 PM  

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