Barrack Obama Finally Agrees With Me!!!!

Throughout his campaign, Mr. Obama promised the nation that if he was elected, he would impose a "windfall tax" on the so called "Big-Oil" Companies. The problems with that were immense. First, a windfall profit tax is defined as a tax implied when an person or business receives a substantial amount of money for something that they did not bring about. In case you didn't know this, Oil Companies spend billions of dollars each year exploring and drilling environmentally friendly oil and gas wells. So when they make money by selling oil, they are making money from an investment in exploration and environmentally friendly drilling.

Second, it would cause slowdowns in two key areas, exploration and employment. Higher taxes means less money to use to explore for oil and gas reserves in the United States. That means more dependency on foreign oil. Higher taxes also means less revenue, which leads to cuts in cost. The easiest way to cut costs and oil exploration at the same time...fire the guys who explore for new oil reserves.

Finally, taxing Oil Companies more doesn't make any sense because last quarter an oil company called Exxon broke the record for paying the most taxes in a quarter. Why impose even more of a burden???

Mr. Obama announced today that he will not seek the windfall tax on the Oil Companies. To be honest, I am awfully proud of my little Comrade Obama. He has alienated the environmentalists by not "standing up to Big-Oil". He angered the far left by eliminating the source of the funds that he was going to use to promote his socialistic redistribution of wealth plan. I couldn't have done better in a day's work myself. Only problem, of course, is that this means he lied about his position before the election. But what's a little white lie to get elected amongst friends?