Sunset News: Gauging Obama's Energy Policy

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Sunday, August 10, 2008

Gauging Obama's Energy Policy

Gauging Obama's Energy Policy
by A.W.R. Hawkins

Barack Obama recently announced that if elected President, he would implement a "windfall profits tax" on oil companies to force them to "contribute a reasonable share" of their profits to American families burdened by high energy costs. The money would come to families via rebates, or "stimulus checks," from the federal government. And while he was obviously proud of his big idea, Obama did not bother mentioning that the Democrat practice of putting socialism first, the environment second, and the American people third, is what brought us to the brink we now face over energy costs in the first place. He also remains mute on the fact that the rebates really aren't rebates at all, and will result in higher prices at the pump once they are issued.

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