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Week of November 30, 2008 - December 6, 2008

Obama's Energy Windfall Profits Tax


Whoops.  One of Obama's politically appealing ways to get elected was to propose a windfall tax on the energy companies.  Apparently they were gouging, manipulating prices, etc.  But I guess now with $44 oil these companies are no longer profiteering?

I guess they're not doing it anymore because the windfall tax is now off the table.

http://www.chron.com/disp/story.mpl/business/energy/6143060.html

 

It was a smart way to get votes, but it made no economic sense.

But don't worry - we'll still raise revenues by taxing the rich.  Or will that get shelved too?

 

Mumbai terrorist - Jewish center was a target


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MiddleClassBill

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