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Obama Plan Would Tax Oil Firms, Give to Families
The Page by Mark Halperin — ... The Senator’s “emergency economic plan” would give families $1,000, funded in part by a new tax on “excess profits” of major oil companies. ...

Here We Go Again
Vodkapundit — ... on 01 Aug 2008 at 08:44 am McCain’s “gas tax holiday?” Stupid. Obama’s “ windfall-profits-tax-as-welfare plan ?” It’s LBJ meets Jimmy Carter — stupid and cunning at once. This guy is dangerous. Tagged as: ...

Nancy Pelosi On "We, The Plebeians" - Let Them Eat Cake
RedState: Conservative News and Community — ... There may be ways to get the speculators to stop driving up the price per barrel figures, but the Federal Government is not the answer. There may be ways to get the oil producers to make less profits by encouraging greater investment in infrastructure and expanded exploration, but the Federal Government is not the answer. There may even be ways to help the consumer more easily afford the costs as they exist today, but again, the Federal Government is not the answer. Has anyone seen Obama's latest inspiration on how to help the consumer? Like all the other Democrats out there who ...

Obama as Robin Hood
Hot Air » Top Picks — ... Barack Obama has released his “Emergency Economic Plan,” a clever mechanism that owes much more to Robin Hood than Milton Friedman.  Obama plans to impose windfall-profits taxes on oil companies, and then redistribute the funds to taxpayers in the form of one-time rebates of $1000 per family.  Obama also plans on spending an additional $50 billion, half of which will go to state governments: Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign ...

economic illiterate steps forward
MY Vast Right Wing Conspiracy — ... Barry Obamateur™, the least qualified individual to run for the Presidency ever, proposes a socialistic emergency economic plan (which would have the dual effect of not stimulating the economy and driving fuel prices even higher). Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls “windfall profits from Big Oil.”‘Big Oil’ of course is a collection of customers, shareholders and employees. Taxing ‘Big Oil’ would entail adding to ...

Shocking! The Do Nothing Congress Leaves Session Doing Nothing
Flopping Aces — ... them because they’ve lost. The adjournment is a retreat, an attempt to get around the fact that they belong to shrinking minority of Cassandras who shriek about global warming as a cover for their true designs on energy. If Americans continue awakening from their slumber, it could be their last retreat. Yes, its a retreat, but they are hoping Obama wins in November, which would mean they could push through their Marxist ideas unencumbered. Ideas like this new plan from Obama: Sen. Barack Obama (D-Ill.) on Friday announced an ...

McCain: Obama Sure Looks Funny
Six Meat Buffet — I have to admit McCain is right on this one. B. Hussein Obama doesn’t look like all those other folks on our foldin’ money. He looks a lot more like this:

Obama’s Emergency Economic Plan - Raising Taxes and Pandering
(Obsolete Feed) — ... If this isn’t completely transparent socialist pandering I don’t know what is. It’s certainly politics as usual for the Democrats. So much for change: ...

Shots from the Show 8/1
Tammy Bruce — ... For crying out loud. B. Hussein has announced his "Emergency Economic Plan" which involves sending $1000 to every American family so they can pay for the higher fuel bills. This instead of actually doing something to lower the cost of oil. Why? Because liberals want you to be reliant on government, that's why. Personal freedom is kryptonite to liberals. You and your family suffering and "needing" the Fed to become Daddy Obama is the thing liberals are desperate for. They know they can't win you over on advocacy for victimhood, so they just work on making you one. ...

Barack Obama’s New Deal v 2.0
The Sundries Shack — ... Yes, folks, that is nearly all of Barack Obama’s big energy plan. He wants to hand out more stimulus checks, the kind that his wife derided by suggesting that 600 bucks wasn’t good for anything but a pair of earrings ...

Rick Davis schools David Axelrod on race card
RedState: Conservative News and Community — ... Note that the closing argument that Obama has never proposed an energy tax increase is laughably false with today's Politico story about funding a $1,000 rebate with a tax on energy companies. Axelrod is just lying and making stuff up. Totally unprepared and without a single compelling answer. ...

Obama's Tax Policy
The Next Right — ... from whoever the corporation can best squeeze the money out of.  The old lady in Dubuque with 100 shares of AT&T pays the same 50% rate on corporate profits as Warren Buffett. It would be much better to eliminate the corporate income tax and tax dividends and capital gains as ordinary income.  Barring that, raising the combined rate on corporate profits to 60% from 50% is a very, very bad idea.  I would add that Obama's new "emergency economic plan" - basically, a second route of "rebate checks" - ...

Worst. Economic. Plan. Ever?
A Chequer-Board of Nights and Days — Barack Obama wants to give $1000 handouts to families that will be funded by a windfall profits tax on oil companies . Obama has been talking about this kind of tax for quite a while but it is worth emphasizing anew just how bad the idea is. ...

Worst. Economic. Plan. Ever?
RedState: Conservative News and Community — ... Barack Obama wants to give $1000 handouts to families that will be funded by a windfall profits tax on oil companies. Obama has been talking about this kind of tax for quite a while but it is worth emphasizing anew just how bad the idea is. ...

Eric Cantor on McCain Campaign Energy Call: Obama "seeking culprits rather than solutions"
RedState: Conservative News and Community — ... I asked about two things - one, Obama's announced plan "that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls 'windfall profits from Big Oil.'" - and two, ...

"He is a politician, not an economist"
sisu — ... Senator Obama acted as if he had never thought about it that way. He probably hadn't. He is a politician, not an economist. ...