“I want to take those profits,” says Hillary Clinton (video). The profits Ms. Clinton is talking about are the profits generated by the oil companies who supply us with the energy source that forms the foundation of our very economy.

Wisconsin Governor Jim Doyle (DFL), filled with rage because he feels that oil companies aren’t paying enough in state income taxes, proposed a 2-1/2 percent tax on oil company gross sales in the state. The Wisconsin Democrats, in their zeal to stick it to the oil companies, are also trying to forbid the companies from passing the tax along to consumers by threat of imprisonment.

Private property rights? Not under the Socialist Democrats. There are no rights other than the ones they decide we should have. If you have money, the Democrats will attempt to take it–every penny you have–and next year they’ll come back for more.

But who will ultimately pay the price?

“Big Oil” consists of a handful of large corporations, most with worldwide operations. Several “Big Oil” companies employ over 100,000 employees each. “Big Oil” companies are corporations, meaning that their stock is publicly traded. But who owns that stock? Who owns “Big Oil”?

People like you and I and tens-of-millions of other Americans collectively own “Big Oil”. Every diversified investment portfolio is going to include some holdings in oil companies. These portfolios are comprised of money invested by pension funds, 401k and other retirement plans, and individual mutual funds. Every American who has a retirement plan or pension plan is an owner of “Big Oil”.

Thus, a Democrat’s attack on “Big Oil” is an attack on just about every working American in the United States. A Democrat’s tax on oil companies is coming out of the pockets of working Americans. Too bad the Democrats and their loyal voters aren’t smart enough to realize this.

Democrat voters also probably don’t realize that Democrats have blocked every attempt to get at our own sources of oil. What do these Democrats think is going to happen? The American economy is growing, the world economy is growing, but the DFL refuses to allow drilling in American territory. Then they complain about the high price of gas! Incredibly stupid, yet so typical of Democrats.

The Democrat strategy is as follows:

1. Block all attempts to get at domestic sources of oil in Alaska and the Gulf of Mexico
2. Complain about high gas prices which are a result of demand increasing faster than supply
3. Concoct conspiracy theories blaming “Big Oil” for what is actually the fault of the DFL
4. Propose new taxes on gas
5. Repeat steps 1 - 4 ad infinitum

Democrats: Bad for working Americans.

This entry was posted on Sunday, June 3rd, 2007 at 9:07 am and is filed under Liberal Logic. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.