Yes, we can.

[scaeagles]

Here's yet another thing that scares me about Obama. He wants a windfall profits tax on oil companies. This is unsound economics and is another example of a politician who does not know economics proposing economic ideas because they are politically advantageous.

What he wants to do:

Obama proposes oil companies be taxed on windfall profits from oil sold at or above 80 dollars a barrel, and the revenue be used to help relieve the burden of rising prices on working people, according to his campaign.

Here's a column chastizing republicans for a similarly stupid proposal.

The feel good politically expedient thing to say (and something I believe he'd do as well) only makes the problem worse.

[Kevy Baby]

Originally Posted by innerSpaceman

I've rarely seen so much ado about nothing.

It is rare, but we do agree once in while!

Originally Posted by scaeagles

If this is no big deal, however, why did Obama feel the need to suddenly "see the light" when only a day or two before he had said he could not abandon Wright?

I've stayed out of this discussion thus far, but I thought that Obama spoke up because Wright came out with even more inflammatory rhetoric. I may very well be mistaken as I have not been keeping up on things lately.

Originally Posted by scaeagles

Here's yet another thing that scares me about Obama. He wants a windfall profits tax on oil companies. This is unsound economics and is another example of a politician who does not know economics proposing economic ideas because they are politically advantageous.

What he wants to do:

The feel good politically expedient thing to say (and something I believe he'd do as well) only makes the problem worse.

Who is going to be taxed? Exxon, et. al. don't sell barrels of oil, they buy them. Does Obama plan on taxing the Saudi's? Good luck with THAT! There are a few, very small domestic oil sellers that might impacted by this, but since they really can't make much money unless oil sells in this range, then yeah, it is stupid election time politicking.

[sleepyjeff]

Originally Posted by Kevy Baby

I've stayed out of this discussion thus far, but I thought that Obama spoke up because Wright came out with even more inflammatory rhetoric. I may very well be mistaken as I have not been keeping up on things lately.

But Wright didn't say anything he hasn't been saying for the last 20 odd years. The only differenece that I can see is this time Obama and his apologists couldn't say Wright was being taken out of context