This Guy is an Asshole
I don't want this to become a Political Blog, but I can't take this asshole anymore.
Bush Rejects Calls for Tax on Oil Profits
President Bush said Friday that taxing enormous oil industry profits is not the way to calm Americans' anxieties about pain at the gas pump, and that his "inclination and instincts" are that major oil companies are not intentionally overcharging drivers.
Bush's remarks suggested the former Texas oilman is unlikely to take harsh action against oil companies despite public anger about the rising cost of fuel. Gasoline is averaging $2.92 a gallon across the country, up 69 cents from a year ago, according to AAA's daily fuel gauge report.
With politicians concerned the issue could tilt what are expected to be close midterm elections this fall, the president and many in Congress have been rushing to offer solutions, most of which would offer little immediate relief.
Some Democrats have viewed this week's announcement by major oil companies of huge first-quarter profits as a chance to renew their push for a windfall profits tax. But though a few Republicans, including Sen. Arlen Specter of Pennsylvania, have said the idea ought to be examined, Bush and most GOP lawmakers strongly oppose it.
"The temptation in Washington is to tax everything," the president said in a wide-ranging news conference. (he left out the option which he usually follows...to fucking bomb it)
Instead, Bush called on Congress to ease regulations that make it difficult to expand the nation's refining capacity. He also urged oil companies to plow their profits into finding and producing more energy, such as by building natural gas pipelines or pursuing renewable energy sources — all ventures that could further boost the companies' bottom lines.
Three days ago, the president announced a series of steps, including calling on his administration to investigate possible price gouging. But he admitted Friday that he thinks it's probably not happening.
The rest of the story
Bush Rejects Calls for Tax on Oil Profits
President Bush said Friday that taxing enormous oil industry profits is not the way to calm Americans' anxieties about pain at the gas pump, and that his "inclination and instincts" are that major oil companies are not intentionally overcharging drivers.Bush's remarks suggested the former Texas oilman is unlikely to take harsh action against oil companies despite public anger about the rising cost of fuel. Gasoline is averaging $2.92 a gallon across the country, up 69 cents from a year ago, according to AAA's daily fuel gauge report.
With politicians concerned the issue could tilt what are expected to be close midterm elections this fall, the president and many in Congress have been rushing to offer solutions, most of which would offer little immediate relief.
Some Democrats have viewed this week's announcement by major oil companies of huge first-quarter profits as a chance to renew their push for a windfall profits tax. But though a few Republicans, including Sen. Arlen Specter of Pennsylvania, have said the idea ought to be examined, Bush and most GOP lawmakers strongly oppose it.
"The temptation in Washington is to tax everything," the president said in a wide-ranging news conference. (he left out the option which he usually follows...to fucking bomb it)
Instead, Bush called on Congress to ease regulations that make it difficult to expand the nation's refining capacity. He also urged oil companies to plow their profits into finding and producing more energy, such as by building natural gas pipelines or pursuing renewable energy sources — all ventures that could further boost the companies' bottom lines.
Three days ago, the president announced a series of steps, including calling on his administration to investigate possible price gouging. But he admitted Friday that he thinks it's probably not happening.
The rest of the story
4 Comments:
They're going to make the auto manufacturers raise the MPG in new vehicles. While that's not at all a BAD idea, I think it's a smokescreen to deflect attention from the oil companies.
By
PBS, At
April 29, 2006 9:29 AM
One might think that we learned something from the gas crisis of the 1970s. I remember having to wait in lines and having the odd even licence plate days. so that was over 30 years ago. What did we as a nation do? We decided that EVERYONE should drive an SUV. Then we, or should I say the asshole, decides that we should invade Middle Eastern countries. First in 1993 to protect Kuwait (who if they had no oil we would not have been there) I don't remember us getting much out of that deal. Then numbnuts jr decides to invade Iraq to liberate the oil, I mean the people. He fucks that up on both ends. The country is really not in better shape, and we didn't get the oil. Once again, if they had no oil, we wouldn't give a shit about them. We have done so little to find replacement fuel sources and/or may more efficient SUVs or cars. They are starting recently with the hybrids, but come on, we had notice 30 years ago. I'm so sick of that lying moron but I'll keep my true feelings to myself
By
:phil:, At
April 29, 2006 1:12 PM
damn! I was gonna blog about this today...lol Actually, the record profit part, not the "Bush angle" Interesting stuff.
By
JLee, At
April 29, 2006 4:36 PM
Can't blame you for being on a soapbox...I'm also sick of hearing excuses and ditched plans of action on Bush's part.
Some of the techs that work in the office live 40+ miles away and are actually spending a few nights with friends in the city during the work week to cut back on gas cost.
Gonna be a rough summer :-(
By
Kayla, At
April 29, 2006 10:27 PM
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