If you thought that John McCain and Hillary Clinton's plan to relieve gas prices by temporarily suspending federal gas taxes was dumb, it looks like sheer genius compared to Barack Hussein Obama's idea.
The first part of Obama’s plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.
“This rebate will be enough to offset the increased cost of gas for a working family over the next four months,” Obama said. “Or, if you live in a state where it gets very cold in the winter, it will be enough to cover the entire increase in your heating bills. Or you could use the rebate for any of your other bills or even to pay down debt.
I guess Barack Hussein Obama doesn't read the news. There ain't no recession. And the 5.7% unemployment rate was considered good stuff when Clinton was president.
But, here's the best part:
Friday’s proposal says Obama “is proposing to offset the cost of his emergency energy rebates over the next five years by enacting a windfall profits tax on big oil companies.”
“Obama simply asks that big oil companies contribute a reasonable share of the windfall profits they receive from high oil prices over the next five years to pay for emergency assistance for families right now,” the campaign says.
This is like scooping water from one end of a bathtub and dumping it the other. These taxes will simply be passed on in the form of higher prices at the pump. Now, if Barack Hussein Obama really wants to give the American consumer a break.....