Write your Congressmen

Friday, August 1, 2008

Buying the vote

Obama proposes $1,000 energy rebates for consumers - Yahoo! News:
"ST. PETERSBURG, Fla. - Democratic presidential candidate Barack Obama on Friday called for a $1,000 'emergency' rebate to consumers to offset soaring energy costs amid fresh signs of a struggling economy with the nation's unemployment rate climbing to a four-year high.

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Obama told a town-hall meeting the rebate would be financed with a windfall profits tax on the oil industry."

Now, wait a minute, didn't Obama denigrate Bush for his rebate, AKA Stimulus Package?

But the real issue is where the money is coming from - windfall profits from oil companies. If you think this is a good idea, then you also think higher prices are a good idea, too.

Liberals and democrats never seem to realize that that "windfall profit" isn't created out of thin air - it's actually consumer money, having been paid for a product or service.

Think of it this way: anything you buy is made up of costs associated with materials, labor, and anything related to the operation of the business. This includes TAXES. Therefore, anytime the taxes are increased, it increases the cost of the good, which then increases the price.

Considering the drag Congress's policies of taxing the bejesus out of big business (a popular villain in liberal circles), and that other countries, like China, prop up their homemade goods by injecting cash into their industries, is it any wonder that American products are no longer price-competitive?

So, Obama's success depends on your politics-induced poverty (or greed), your ignorance of economics caused by bad public schooling, and apathy.

So what's for lunch?

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