The big government liberal left Democrats hate it when anyone rakes in more money than them. The Democrats have spent a lot of time and energy demonizing corporations, telling you they can't be trusted, and that those companies make way too much money. The Free Market, unregulated by the government, is a dangerous thing, they tell us. Capitalism is for the greedy. The rich are getting richer, and the poor are getting poorer. Those companies are raking in profits on the backs of the poor, and the laborers.
Now, just to make their point against those mean ol' oil companies, the Democrats dragged the oil executives before Congress to force them to explain exploding prices at the pump (because it couldn't possibly be the fault of taxation, drilling moratoriums, and a government caused devaluation of the dollar), and to tell them big evil oil executives that their subsidies (err, uh, I mean tax breaks) are going to be eliminated.
Reality;
Over the opposition of oil companies, Republican Gov. Sarah Palin and Alaska's Legislature last year approved a major increase in taxes on the oil industry — a step that has generated stunning new wealth for the state as oil prices soared.
At a time when Americans are feeling the pinch at the gasoline pump and oil companies are racking up record profits, Alaska's choice foreshadows one of the sharpest debates in the upcoming presidential election.
Democrat Barack Obama supports a national windfall-profits tax, while Republican John McCain opposes it.
Alaska collected an estimated $6 billion from the new tax during the fiscal year that ended June 30, according to the Alaska Oil and Gas Association. That helped push the state's total oil revenue — from new and existing taxes, as well as royalties — to more than $10 billion, double the amount received last year.
Doug;
Sarah Palin would make a fine President
You don't get much more brain damaged than that.
I'm mean.. literally.
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