Posted by
Katy Grimes on Tuesday, June 10, 2008 12:34:38 PM
While the Senate lost just this morning (51-43) on their attempt to tax "windfall oil profits," Democrat Rep. Maxine Waters already threatened to "socialize" the oil industry (I think she meant to say "nationalized). Watch the Fox news clip of Waters actually threatening to take over oil companies (sounds like hugo Chavez) here.
Then there is Dick Durbin demonizing profits: “The oil companies need to know that there is a limit on how much profit they can take in this economy,” said Sen. Richard Durbin of Illinois, the Senate’s No. 2 Democrat, warning that if energy prices are not reined in “we’re going to find ourselves in a deep recession.”
Thank God they lost this vote. What industry will be their target next? Farming is already heavily subsidized, but not yet nationalized. Look out Apple and Microsoft: your "obsene profits" are a big target.