that he wants to give everyone a $500 refund check directly from the "big oil companies record profits"?
that he wants to give everyone a $500 refund check directly from the "big oil companies record profits"?
Something to that effect, yes.
"If your dream ain't bigger than you, there's a problem with your dream." -Deion Sanders
Even I dont know if I agree with this move... Hell I'll take it tho..
Gimme my vcash!
Olevet Posse - Dirty LibOriginally Posted by yermom
I think the windfall tax concept should apply to Hollywood. The Dark Knight has a profit margin of over 100% after only two weeks. If that isn't a windfall, I don't know what is.
My vote cannot be bought for $1000 and bad policy. Obama needs to go sharpen his pencil, and see if he can't come up with a better offer.
Real Name: Mark
Obama loves socialism.
Obama hates capitalism.
I wonder how many of you would let the government take as much of your profits as they wanted to just because they thought that you were making too much money.
I'd say that we'd probably have another civil war if that happened.
"The true genius shudders at incompleteness and usually prefers silence to saying something which is not everything it should Be."
-Edgar Allan Poe
This Obama plan makes alot more sense and even McCain supports some of its ideas...............it's a shame that the two sides can't work on this together.
* The Illinois senator's campaign said he would close the so-called Enron loophole that exempts some energy speculators from U.S. regulations that apply to commodities traded over exchanges. It takes its name from the energy giant that benefited from the law and later collapsed because of massive accounting fraud.
* His plan would require U.S. energy futures to trade on regulated exchanges.
* Obama is calling for more data on index funds and other similar types of investments to boost transparency of institutional players in commodities markets.
* He backs legislation that would direct the Commodity Futures Trading Commission to investigate proposals such as increasing margin requirements in the market.
* He would aim to stop energy traders from evading U.S. regulations by conducting transactions through foreign subsidiaries of U.S. exchanges.
McCain, an Arizona senator, has also expressed concern about oil-market speculation and has called for investigating cases of abuses as well as overhauling regulations for the trading of futures contracts in energy stocks, bonds and other instruments.
http://www.reuters.com/article/lates.../idUSN22450175
Without proper regulation and billion dollar investment houses using oil stocks as poker chips...............it doesn't matter where the commodity is derived from.