Reading Assignment: Obama’s ‘Emergency’ Economic Plan
Sen. Barack Obama (D-Ill.) on Friday announced an â€œEmergency Economic Planâ€ that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls â€œwindfall profits from Big Oil.â€
Details are in this six-page policy paper (PDF).
The first part of Obamaâ€™s plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.
…funded in part by what his presidential campaign calls â€œwindfall profits from Big Oil.â€
I have to hand it to Obama. He’s quite the skilled politician. He knows that Americans aren’t happy with big oil and would just love to get even with them by getting some of those “windfall profits” (how exactly would we define “windfall profits?”).
Hey! I have an idea! Why don’t we just nationalize big oil?????? Let’s nationalize every industry and then let our government just dole out all the profits to us as they see fit! Let’s give everyone the same dollar amount and equalize everything.
Why don’t we take “windfall profits” from lawyers who win really big cases and use them to support national ecomic causes? Hmmm… I wonder.