Ryan: Cutting Taxpayer Subsidies To Oil and Gas Companies Is 'Ridiculous Economics'

[Joanne98]

Run time: 00:51 http://www.youtube.com/watch?v=lZgGGnWHdlQ   Posted on YouTube: September 13, 2010 By YouTube Member: ThinkProgress2 Views on YouTube: 32   Posted on DU: September 13, 2010 By DU Member: Joanne98 Views on DU: 749

 

[Cant trust em]

1. I support taxpayer subsidies to growing industries (ie Green tech) to spur their innovation.

I don't support subsidies to companies that have been shown to have enormous profits. They can take care of themselves.

[daleanime]

2. You have to admirer....

some one who can stack it that deep!

[wynn]

3. Rep. Ryan's economic analysis is sound.

Making energy production more expensive in this country relative to foreign production will cause production/jobs to move off-shore.

Of course, you're right in a way as well... They will take care of themselves.

[dschmott]

4. No, not sound. This doesn't make it more expensive 'relative to foreign production'

I'm not an expert, but to me it only appears remove a protectionist policy that applies to everything else made in America. If we can agree that fossil fuels are an addiction the US can not afford - why do we want to encourage it further. Oil is already heavily subsidized by the US presence in the middle east - and the US taxpayers will undoubtedly continue to take care the oil industry in this way so they don't really have to "take care of themselves"