So you know how gas prices are at record numbers while oil companies are getting rich with record profits (Exxon made $1,287 in pure profit every single second in 2007)? The Democrats in Congress were trying to tax these excess profits and invest that money toward wind, solar and other alternative energy development. These windfall profits taxes would discourage oil companies from screwing over motorists with excessive prices at the pump, as would provisions that would have given the federal government more power to address oil market speculation that has been driving up prices, but the Republicans, as usual, have come to the rescue of their corporate big oil friends, to defend their disgustingly enormous profits that they are making at the expense of everyday Americans.
The Republicans, as usual, have threatened to filibuster the legislation because they think oil companies should be able to amass record profits on the backs of Americans, without any consequences. Yes, the poor poor oil companies. Meanwhile they don't give a shit about the financial plight of millions of Americans, the soaring health care costs, the soaring price of education, the soaring price of gas, the soaring price of food, the soaring rate of unemployment and the soaring rate of home foreclosures and bankruptcies. But hey, don't worry, they are looking out for big corporate CEO's and their record profits, as usual.
The most despicable part, however, may be that they would threaten to filibuster investment in renewable and alternative energy right in the middle of an energy crisis and a looming global warming catastrophe, both of which are only going to get worse in coming years. Our dependence on foreign oil (and oil in general) drives up oil prices and hurts Americans already struggling to get by financially. It exacerbates global warming, pollution and environmental degradation even as we rocket past the point of no return on the path to global ecological catastrophe. And it makes us less safe, as it puts us at the mercy of countries like Iran, Iraq and Saudi Arabia who have the vast majority of the oil. Developing alternative sources of energy is ESSENTIAL to keeping American families afloat, reversing global warming, and protecting ourselves from being controlled by OPEC, yet the Republicans in Congress stonewall these investments in alternative energy because it would compete with their precious oil profits.
It isn't just despicable, it is criminal.
VOTE THESE GREEDY CORPORATE BASTARDS OUT!
Update: As if this wasn't enough, when Democrats tried to eliminate the $17 billion in tax breaks Congress has awarded to oil companies in recent years, the Republicans stood together and killed the measure. No no, don't you DARE take taxpayer money that could be going to fund things like health care for kids or education or fixing crumbling bridges, that belongs to rich oil companies!
Tuesday, June 10, 2008
Subscribe to:
Post Comments (Atom)


0 comments:
Post a Comment