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Dem Senate Rejects Obama's Oil Company Crackdown

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posted on Mar, 30 2012 @ 02:47 PM
Dem Senate Rejects Obama's Oil Company Crackdown

Well it looks like some Democrats no longer agree with Herr Obama.

A Senate bill would have ended that $4 Billion oil company tax break.

4 Dems voted against Obama's wishes.

2 Repubs actually in favor of Obama's wishes.

It seems Obama himself has flip flopped on this issue since he was for the tax breaks while he was a U.S. Senator !!


Yesterday, the Democratic Senate threw down the gauntlet to President Obama Obama wanted a bill passed that would end $4 billion in tax breaks for oil companies, and the Senate resisted; four Democratic Senators broke with the President and voted against the bill.

[color=cyan]Prior to the vote, Obama attacked the oil companies in a speech at the Rose Garden: “Today, members of Congress have a simple choice to make. They can stand with big oil companies, or they can stand with the American people.”


It wasn't always this way. Before he was president, when he still had to worry about making his way up the political ladder, Obama espoused a different philosophy. In 2005, as a senator, he voted for tax breaks for the oil companies; in 2006, on BookTV, he said it was all too easy to attack the oil companies: “People want serious answers to these problems. If you're going to talk about energy for example. The easiest thing in the world is to look at Exxon Mobil's profits last quarter and say these folks are making $36 billion in one quarter, the CEO is making $500 million, and gas prices are high and we're getting gouged.”

But once he became President, the veil came off and we saw the real Obama; his targeting of the traditional Democrat bogeymen became overt. In a speech at Carnegie Mellon University in 2010, he said, “No matter how hard you work, if your paycheck isn’t enough to pay for college or health care or childcare, well, you’re on your own. If misfortune causes you to lose your job or your home, you’re on your own ... and if you’re a Wall Street bank or an insurance company or an oil company, you pretty much get to play by your own rules, regardless of the consequences for everybody else.”

The Story

posted on Mar, 30 2012 @ 02:57 PM
While Obama's statement is simply creating a false dichotomy, I wish the Senate would have listened to his rhetoric for once. There is no reason to subsidize companies making record profits. We should be subsidizing the creation of new small businesses and ones currently in existence.

It is a shame that common sense on issues can become polarized and politicized.

Call me whatever buzz-word you want, but this is another loss for the American people.

posted on Mar, 30 2012 @ 03:29 PM
To give the oil companies an extra 4 billion of our tax dollars is beyond ridiculous.
What happened to the balancing the budget thing? Or does that only come up
when a regular person needs health care or food?


posted on Mar, 30 2012 @ 03:42 PM
I guess some Democrats agree that this really isn't the time to take out our anger on Oil Companies. We need them more than they need us and angering them just out of spite probably isn't the best move in an election year and pump prices already sky high.

Herr Obama may feel great about his election chances, but obviously that confidence isn't shared by all. Perhaps Obama's momentum is coming to a halt already. So early in his last year... Ahh... Wouldn't that be nice?
edit on 30-3-2012 by Wrabbit2000 because: (no reason given)

posted on Mar, 30 2012 @ 04:15 PM
reply to post by Wrabbit2000

Another discussion on the same topic.
edit on 30-3-2012 by YouAreLiedTo because: (no reason given)

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