Hillary’s socialist stripe is showing. So much for appearing to be a moderate. She is advocating confiscation of oil company profits for the greater good. As I’ve said before in a post titled, In Defense of Big Oil, this kind of attack on “big business” is bad news,
This is short-term thinking, political pandering and bad policy all wrapped into one.
In that post, I also noted,
Gas Taxes Exceed Oil Companiesâ?? Profitsâ??Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenuesâ??more than twice the amount of domestic profits earned by major U.S. oil companies during the same period.â?Â
and finally,
Where were they when the oil industry lost more jobs between 1986 and 1992 than the steel or auto industries? Where were the press conferences then?
Here is Hillary, in all her monotone, stiff, insipid glory,
I have a better idea Hillary, let’s get Big Oil to give you 1% of their profits to invest in the commodities market! With your track record we could wipe out the national debt in weeks. After all, you did turn $1000 into $100,000 trading cattle futures, didn’t you?