Here's what the 28% that approve of Shrub think!!

[khair75092]

This posted from someone I know when we got into the debate about the news article and Shrub refusing to increase taxes on big oil. It's comical to me. I thought someone else might need a good laugh:

The response came from this article --
By TERENCE HUNT, AP White House Correspondent 38 minutes ago

WASHINGTON -
"President Bush on Friday rejected calls by some lawmakers for a tax on oil company windfall profits, saying the industry should reinvest its recent gains into finding and producing more energy.


"The temptation in Washington is to tax everything," Bush said in an exchange with reporters in the White House Rose Garden. "The answer is for there to be strong reinvestment to make this country more secure from an energy perspective."

With gasoline at over $3 a gallon in some areas, Bush said there was "no evidence" of price-gouging of consumers."

This was his response:


First off, the article never said anything about cutting taxes. You seem to conveniently state that all Bush wants to do is cut taxes. Yep, well in 2001 that sure didn't do us any good did it? We only have the DOW and NASDAQ up to their previous highs in 2000 before the following bear market. Nope, cutting taxes doesn't do anything. (Note well: obvious sarcasm to those bereft of a sense of humor). GDP came out the other day an astounding 4.8% for 2005. 4.8%!!! That's amazing... but those damn tax cuts for rich, corporate business owners is very, very bad. Instead of raising taxes like you socialist would love to do, it's called investment and it's what drives our economy. More money in markets and business means more production, more JOBS, and more output. They called for the housing bubble to burst, but news the other day showed construction growth opposite that statement. If you would quit paying attention to the "drive-by media" and take a look at some real facts you could come up with a decent argument instead of "Bush bad, Big Oil bad"...

Second, have you taken any type of Economics 101 class at all sir? I mean basic supply and demand functions? It's a combination of many things that makes oil and gas prices go up. It's American consumers, car manufacturers, and Big Oil which cause an extreme rise in demand prices. When demand rises on a supply/demand economic model prices rise. It's also happening on the supply side as well. Supply issues in Iraq, Iran especially, OPEC, Nigeria, Venuezuela, nationalization in Bolivia and federal regulators (you never mentioned the increase in gas prices a few weeks ago because of a new federal regulation on cleaner burning gas all due to environmentalists concerns, that helped and I bet Bush didn't support that one) all contribute to supply being lessened. When you have have the case of extreme demand for oil and shortened oil supplies it causes what is known as a shortage. Shortages happen below market equilibrium and in order to obtain market equilibrium prices must rise. The more supply is lessened, the more a shortage. The more demand is increased, the more shortage. Shortage = higher prices. I'd give you a website to back it up or you could just enroll yourself into a local community college for about $100 dollars in a Econ 101 class and learn it yourself.

Third, to go along with the first statement above about cutting/raising taxes, a "windfall profit tax" would be terrible on the economy. I'd love to state all the information, but just read it yourself. http://www.latimes.com/news/opinion/commentary/la-oe-williams29apr29,0,4713201.story?coll=la-news-comment-opinions My favorite statement in the article has to do with the enormous tax the government puts on oil. Yay for Libertarians!

And Jeb running for President in 2008? I've never heard of anything more moronic in my life. Oh wait, yes I have... Hillary in '08.

[mike_c]

1. welcome to DU, I think....

Perhaps you could tell us what YOU think about his comments?

:popcorn:

[khair75092]

2. sorry.. forgot to post my responce that initiated the conversation...

Well now, that's a suprise! (not!) He'd rather increse our debt by cutting taxes. That way we can reduce the already insufficient investment in our transportation infrastructure and/or add to the "birth tax", which is the share of the national debt per child born in the USA.

So, Instead of taking from the oil companies:

- which are being directly subsidized by us
- who are also taking oil from our federal lands for way below market prices (stealing our land without paying for it)
- have significantly reduce their federal income taxes so that we are paying more
- and he wants to reduce environmental regulation (stealing the very are we breathe and saddling us with disease, death, and property value depreciation)

He wants to steal more from us. Cutting the federal tax, reduces the services available to us. It does nothing to the oil companies except let them maintain their monopolies and charge even higher prices for oil and reap even more benefits

[gristy]

4. Good points

And welcome to DU! :hi:

[celestia671]

9. Welcome!

:hi:

This is just getting ridiculous! Pretty soon, I won't be able to afford to drive to work!

Did anyone else watch CNN this morning? A man(can't remember who)was being interviewed about gas prices, and he had the cajones to imply that since Clinton didn't let them drill ANWAR(sp?) in the 90's, that the current gas crisis is his fault! The right wing ass kissers don't want to admit that their dear leader is at fault!:eyes:

[LaPera]

3. As the workers are taxed and paying for Bush & his wars...so he and

rich friends can profit from the poor's blood. The lies are sickening and unbearable!

[jsamuel]

5. 28%? where is that from?

[LaPera]

8. I think one must always consider the source of the polls, MSM...

at 32%...I too would put Bush at 28 or 29% -- These are the same media sources that have ALWAYS cradled Bush and the republicans...So, one must wonder and that would lead one to correctly & intelligently improvise a bit with the MSM version(and the way the way the MSM asks the questions) of the "truth"...

Not that Rove will not smear, spin and distort the truth by election time, and many of these same people will unfortunately vote (via fear) republican in November.

[TankLV]

6. You could mention that we have yet to reach "zero" in comparison to the

Clinton years.

Job losses and economic activity at all levels has been so low for so long now, that we have not even returned to the levels seen when Clinton left office!

We have yet to reach "zero".

[Nadienne]

7. "No evidence of price gouging"?

Maybe if you're not looking.

My brother hauls gas to gas stations. A few weeks ago, he stopped at one place and made small talk with the lady inside before filling up the tanks (or whatever they're called). She asked him if he'd been through such-n-such town that day. He told her he had been through such-n-such town. She asked him what gas prices were like over there. He told her the prices were about a nickel higher all around.

Before he drove away, gas prices at that gas station rose to match the prices of the gas station she had asked about.

Gee, you would think gas stations would compete with each other. Apparently they don't have to if they're all whistling the same tune together.

[sinkingfeeling]

10. Ask him why all the smart investors are buying up gold and why the US

dollar is plunging.

[newyawker99]

11. Hi khair75092!!

Welcome to DU!! :toast: