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Rep. Graves (R-GA) calls GOP’s billions in oil subsidies “market manipulation,”

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lfairban Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 09:33 AM
Original message
Rep. Graves (R-GA) calls GOP’s billions in oil subsidies “market manipulation,”
". . . forgets he voted to extend them.

April 3, 2011
Lee Fang, in a ThinkProgress repost:

In February and again in March, Republicans in the House of Representatives, on a largely party-line roll call, voted to extend tens of billions in taxpayer subsidies to big oil companies. At the sparsely attended “Continuing Revolution” Tea Party rally on Thursday calling for more budget cuts, we talked to a number of attendees about their thoughts on Republicans giving so much taxpayer money away to already ultra-profitable oil companies. Rep. Tom Graves (R-GA) was among the many lawmakers to vote twice to extend over $50 billion in taxpayer subsidies to the oil companies:"

GOP representative says it is market manipulation, but they are doing it anyway. Obama is, as usual, on board.
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BeFree Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 09:59 AM
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1. Yep
If they can give money to the rich it means less in the hands of the poor.

The general idea being: the more rich people there are, the more poor people there will be.
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Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 10:05 AM
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2. Market manipulation? How about "taxpayer exploitation"?
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crim son Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 10:21 AM
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3. Whatever the fuck you call it
it's criminal and nobody who is "on board" is going to get my vote.
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:34 PM
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4. "Obama is, as usual, on board."
Oh, yes, he is really "on board"

Obama calls for ending breaks in oil, gas and coal

http://www.chron.com/disp/story.mpl/business/7426265.ht...

Obama is calling for the elimination of a dozen tax breaks for oil, gas and coal companies to raise $46 billion over 10 years. These funds would be diverted to help pay for putting 1 million electric vehicles on the road by 2025, doubling the share of electricity from clean energy by 2035 and increasing the efficiency of energy use in buildings by 20 percent.


This place truly has jumped the shark.



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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:37 PM
Response to Reply #4
5. Be sure and let me know when he does more than talk. nt
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:41 PM
Response to Reply #5
6. It was in the administrations budget proposal.
That is a bit more than talk.
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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:47 PM
Response to Reply #6
7. No it isn't. A veto pen is more than talk.
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:53 PM
Response to Reply #7
8. A budget proposal is more than talk.
We are in disagreement.
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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 03:59 PM
Response to Reply #8
9. When you are willing to fight for it, it MIGHT be, but he isn't.
It is nothing but talk.

I'm done with Obama. I'd rather see a corporatist that is labeled AS a corporatist so that the enemy of progressive policies can be clearly identified.

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lfairban Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 05:15 PM
Response to Reply #4
10. What the article you cited is saying . . .
. . . is that Obama does not want to end subsidies during his administration, even if he is re-elected, but is going to try to reduce them.

According to The L.A. Times

Obama has been trying since his first year in office to cut oil subsidies, calling in his last budget request for the elimination of $36.5 billion in industry tax breaks over the course of a decade.


This would be $365 billion over ten years. Reducing it by $46 billion to $319 billion is less than a 15% reduction.

I have your electric vehicle, right here:

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