We keep on kicking them, why should they do business in the US?
Obama says he would impose oil windfall profits tax | ReutersSigh.RALEIGH, North Carolina (Reuters) - Democratic presidential candidate 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.
Launching a two-week focus on the economy after clinching the Democratic presidential nomination, Obama drew a sharp contrast between his economic policies and those of John McCain, his Republican rival in the November election.
"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.
I swear, I think the Dems WANT to see this country go down the tubes economically. We're already hurting because of high gas prices - so it makes perfect sense (to Obama - because it sure doesn't to me!) to go ahead and tax the profits of the oil companies - IN ADDITION to the taxes they ALREADY pay! (Which is about twice their profit margin, I believe.)
Of course - this is on top of restricting where they can drill.
Can someone, ANYONE, explain how this is supposed to make sense? Because I'm sure not getting how it all fits together, except as a way to totally FUBAR the economy.
J.