He wants windfall profit taxes on a growth to 2.8% in profit. The price will be passed to us, but he hears Clinton say windfall profit tax used to cut the Federal gas tax and rises to the bait like a trout to a fly.

Obama is now pushing Clinton's windfall tax very heavily in Nc right now. He too expects his followers to be too ingnorant to realize that the windfall tax would raise gasoline prices. Unlike Clinton, Obama has not yet realized that he can offer to cut the Federal taxes on gasoline by making the oil companies collect the money and thus look good due to the ignorance of his followers.

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You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

In addition, Obama voted against a windfall profit tax for Lawyers making $20,000 an hour.

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Drill offshore now

Obama knows what this country has only suspected: Bush is diverting money gained from his oil connections into more wars, with Syria, Iran, and Canada. Learn the truth here.

Though I understand that high oil prices are all Bush's fault it is a little surprising that two years ago--just before the democrats took control of Congress--regular gasoline was selling for $2.19 a gallon...and the unemployment rate was just 4.5%. Gee, I wonder if they had anything to do with it?

Well, I imagine virtually all of them own stock in oil companies. I can see where they might like their stock doing well. With high gas prices and higher unemployment they profit in the election so there is a good reason for them to try to cause a recession with irresponsible actions and rhetoric.

__________________
You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

On the CNN Sunday business program they said $40-$50 of the price of a barrel of oil was from speculation.

There's your Bush unregulated market coming into fruition (of course while blaming the democrats)

Let's see democrat Clinton: Boom times - gas 99 cents - Huge budget surplus

Republican Bush...

Lautenberg attacks Bush, GOP, Big Oil

Published: April 26, 2008 at 7:58 PM
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WASHINGTON, April 26 (UPI) -- U.S. Sen. Frank Lautenberg, D-N.J., Saturday leveled a rhetorical broadside at President George W. Bush, Republican lawmakers and Big Oil.

Using the weekly Democratic radio address as his bully pulpit, Lautenberg accused the Bush administration of being in bed the oil industry at the expense of the American public. He noted when Bush took office, gas prices were less than half what they are now and oil was less than a third.

"Then, seven years ago, President Bush and Vice President (Dick) Cheney secretly invited executives from the big oil and big energy companies to the White House to write our national energy policy," he said. "When we finally uncovered the truth, we discovered -- to no surprise -- that Big Oil helped write a law that guaranteed them billions and billions of dollars in tax giveaways while they set in motion disastrous economic and environmental policies that have served no one but themselves."

I don't know. Oil was $28 a barrel when George Bush was sworn in. It's $104 right now and could go to $120 soon. Now, why do you suppose that is? It wouldn't have to do with the policies of the Bush administration or the relationship they have with the oil companies, would it? Come on.

You idiots do not understand the oil reserves do you. Instead of unleashing the Reserve and busting Big Oil's price gouging Bush will double the Reserve, which will require buying three-quarters of a billion barrels of oil. This is a nice $40 billion pay-out to Big Oil from the US Treasury. Compare this to the President's health insurance plan which will be "revenue neutral" -- that is, have a net investment of zero.

But the $40 billion in loot the oilmen will get from us taxpayers for doubling the Reserve is nothing compared to the boost in the worldwide price of crude caused by this massive, mad purchase. While the Congressional audience didn't even bother polite applause for the reserve purchase plan, there's no doubt they were whooping it up in Saudi Arabia. Clearly, the state of the Saudi-Bush union is still pretty good.