Changing the Changie Change Thing
Posted: December 3, 2008 | Author: dakinikat | Filed under: No Obama, president teleprompter jesus, U.S. Economy | Tags: Barrack Obama flips on windfall profits tax, oil companies | 1 CommentIt’s another change that will suprise the progressives from President Select Obama. Are you ready?
Obama shelves oil company tax after price fall: aide
CHICAGO/WASHINGTON (Reuters) – President-elect Barack Obama is not planning to implement a windfall profit tax on oil companies because prices have dropped below $80 a barrel, an aide said on Tuesday.“President-elect Obama announced the policy during the campaign because oil prices were above $80 per barrel,” an aide on Obama’s transition team said. “They are currently below that now and expected to stay below that.”
Oil prices have fallen from a record $147 a barrel in July to under $50 this week.
Obama, who signaled early in his campaign for the White House that he would take an active approach to oil markets as president, had planned to use the revenue from a windfall profits tax to fund a tax rebate for low- and middle-income families struggling with high energy prices.
But the aide said Obama’s presidential campaign had already taken the price drop into account six weeks ago. When Obama laid out his economic plan for the middle class in mid-October, revenue from a windfall profit tax was not included because of the price change, he said.
Well, isn’t that special? How long are progressives going to be able to take one more from the Gypper and be able to walk without hobbling over from intense pain in their hinies?
So, he’s rethinking Gitmo closing, not changing the Bush tax cuts, just saying no to the windfall profits tax that was supposed to pay for health care, and appointing the same folks to cabinet positions he was criticizing just months ago?
What’s next? Pardoning Dubya of anything remotely resembling a crime on January 20th?
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