Obama's Plan for Gas Pump Ad Up in Flames

Conservation is fine. Drilling for our own oil, thus increasing supply, is a must.
"Little Alex" (from the Obama ad that attacked McCain on the Iraq War) is gonna need some gas for his Volvo when he turns 16.

Instead of giving everyone $1000 in a new stimulus package, Obama should just sent everyone a tire pressure guage. Those only cost about $5 each.

Er, uh, JiffyPop, you got that so right.

I am still in awe over Obama-camp's shrewdness and business prowess. He's getting his point across without having to expend campaign advertising dollars that we poor saps contribute. Spending wisely and getting the message out. Oh yeah! Go Obama!

Obama 08!

So.. I have read all the posts... and I will sum up the conservative philosophy:

Corporations are #1. Government exists to help them extort profits from individuals. If you do not do what the corporations say, they will bleed you dry, destory America, and run to another country.

"Oil companies make 7% profit,"

$169 billion peofit on $320 billion sales, do the math

"Corporations do not pay taxes, it is the consumer that pays the taxes.it is figured
into the price we pay at the pump"

What!? Do you seriously mean to say that corporations have a god given right to a profit? These are fictitious entities, they dont even have a right to exist without public approval.

OK first can a lib come up with any solutions or is it that all they know how to do is attack Pres. Bush, who kept gas prices low under a Republican Congress, the minute the Dems took over at 2.10 cents a gallon and Pelosi screaming she is going to do something about gas prices the prices doubled. So who's fault is the gas!! Drill Here Drill Now!! will also create jobs, cut out trade deficit!! So Drilling here will solve multiple issues!!

As far as the gas tv not showing Obama - You said they forwarded excerpts, why not the whole email what are the Obama's hiding??
Obama sees nothing wrong with a Newspaper refusing to give the same space the NYT gave Obama to McCain!! that is far worse , because a Newspaper is suppose to be objective!!

So Libs stop crying, maybe then the rain will stop!!

The bottom line on Obama and oil is that he voted FOR the 2005 Bush/Cheney energy bill and McCain voted against it.

Once again, the professed Obama position changes by the day, week, and month.

No experience, no record, no hope...

Wright man...wrong plan...

Martin,

If you are a in Politics, you would know that there is nothing cast in iron.

Political decisions are based on compromise. You are expected to speak with one voice with your Party.

They call it party discipline and party cohesion.

It is only God that does not "flip-flop" as you guys would like to call it.

Age, experience and judgement can make you look back and wish you had done something differently.

That is what is called maturity.

Oil companies make 7% profit, pharmaceuticals companies make 42% profit. For me, the cost of prescriptions medicines hurt more than the high gas prices and there are millions of other just like me. When is someone going going to become outraged over the cost of the prescription medicine?
I also find it disturbing that Obama voted for the 2005 energy policy that gave the oil companies big breaks and now is wanting to over-tax those very profits so he can buy votes with the $1000 rebate. Interesting.

cindy in nc,

The $1000.00 is not a hand-out but a Tax rebate to Americans of a certain income bracket.

It like reducing Personal Income Tax payabble by you by $1000.00.

So it has no repercussion whether now or later.

If President Bush had resorted to this measure instead of external borrowings, the Economy would have still been on sound footing.

So please, instead of parroting the lies the GOPs feeding People with, you can come to a forum like this and member will enlighten you.

Peace

I also wish to let you know the reason why I said the incidence of Surtax on Oil Companies' profit can not be passed to you and I.

A Company's Revenue less the Operating Expenses results in Operating Profit before Tax. The Revenue in this case is the sales revenue which must have included the price you pay at pump.

Companies Tax, which is a direct tax, is levied on the PBT. The resultant figure is the Profit After Tax (PAT).

It is the PAT that the Company appropriates between itself in the form of Reserve and its Share Holders in the form of Dividend.

If a Surtax is applied on the PBT, it reduces Profit available for appropraition and hence, Dividend payout to Shareholders.

The Company bears the incidence of the Taxation and it will subsequently have less to appropriate to Reserve and Dividend.
You and I are not affected.

The reason why the Bush Administration shied away from it to finance the Iraq War and Reconstruction is because the Core members of his Government and his Donor are mostly Oil Men.

It is an open secret that the Bush's Family are big Players in the Oil Industry. So levying Surtax on Oil Companies will greatly affect the returns they get at the end of the year.

That is why they are against it and that is why they are selling the dummy of Off-shore drilling to confuse hapless Americans who are now sold on the idea without considering the attendant Problem it will create for the environment, especially acquatic lifes.

President Lyndon Johnson was able to finance the Vietnam War using Surtax. That was why the Economy stayed bouyant despite the heavy War Spending.

The summary of my post is that SURTAX IS NOT AN INDIRECT TAX, SO IT CAN NOT BE SHIFTED TO THE CONSUMERS.

Dangle a $1000 carrot in front of hurting Americans, without telling them it will hurt them later.

I hope Americans are too smart to fall for Obama's tricks.

McCain needs to remind Americans often of Obama's lies--he takes money from oil companies too and voted Yes on Bush/Cheney energy bill giving breaks to oil companies. McCain voted No.

mb,

I wonder where you got your claim that Corporations don't pay tax from.

Companies do pay what is referred to as Companies Income Tax, Petroleum Companies pay the Petroleum Profit Tax.
The tax is levied on their Profit before Tax (PBT).

PBT is the Companies revenue minus the operating cost. The incidence of the Taxation is on the Company and the Tax burden can not be shifted.

It is not like Value Added Tax (VAT).

Surtax is a form of Tax levied on companies and corporations whose income (Profit) exceeds the industrial average Return on Investment (ROI) or Return on Capital Employed (ROCE).

It is a Tax on excess profit and hence, tax burden can not be shifted.

Utmost Regards.

It's funny that people are up in arms over this when McCain is trying to sell us offshore drilling with plenty of evidence to show it isn't a solution. ALL of it at the cost of using Americans as a bargaining chip. I do think McCain is rather separate from Bush, but they both want us all to share the same fear in thinking that all of our foreign oil comes from the scary unstable middle-east, when in reality more of our foreign oil doesn't. Then again we know reality has a well-known liberal bias...

I think it was a wise decision. There are places in which people would prefer to be free of certain types of message bombardment and gas stations are one of them. One understands the needs for ads but politics would simply anger a lot folks.

Corporations do not pay taxes, it is the consumer that pays the taxes.it is figured
into the price we pay at the pump. you don't raise taxes on corporations you just raise taxes on everyone that uses the product.

Oil companies aren't bad because they make tons of money. They are bad because so much of the money they make is based on speculation and not actual value. They are bad because they sell a product that unlike cigarettes and beer, the average person can't live without it, and so is stuck with insane prices. There is no alternative for most people. Unless you want to bring back the horse and buggy. Public transportation in most cities is a joke.

Obama is the summer lover kinda guy, who flip-flops more often than a dreamy lover has time blink.

I'm so sick of Obama.

S. Temper,

Is it childish to follow the money? Is it wrong to point out that $1-$2 of every gallon of gas you buy is going to speculators? I guarantee that the price will come down closer to the election and the federal reserve will further cut interest rates close to the election as well, as they always do when republicans are in power.

i am new to "blogging";have read too many lately;The viciousness and character-assassination of mostly Mr.Obama {a few of mr.Mccain} are appalling!I bet you call yourselves Christians too.The only thing more scary than the meaness is the overall ignorance exhibited by too many writers.I just hope you do not live in my neighborhood.