Obama demands Congress end oil, gas subsidies

quote

obama demands congress end oil, gas subsidies, visits nh shore support

nashua, n.h. — president barack obama, turning political sights on snowy new hampshire, demanded congress eliminate oil , gas company subsidies called outrageous government “giveaway.” though politically long shot, white house believes idea resonates @ time of high gasoline prices.

“let’s put every single member of congress on record: can stand oil companies or can stand american people,” obama said.

president said gop charges policies driving gas prices won’t pass “a political bull-detector” test , pointed chart showed decreasing u.s. dependence on foreign oil. remarks came retail gasoline prices rose thursday national average of $3.74 per gallon.

obama has repeatedly called end $4 billion in annual tax breaks , subsidies oil , gas companies, government support obama has said unwarranted @ time of burgeoning profits , rising domestic production.

“it’s outrageous. it’s inexcusable. i’m asking congress: eliminate oil industry giveaway right away,” told crowd @ nashua community college after touring school’s automotive lab....

on thursday, republican presidential contenders , gop leaders in congress denounced idea , called on obama take further steps expand oil production in united states.

“if in administration can show me raising taxes on american energy production lower gas prices , create jobs, gladly discuss it. since nobody can, , president doesn’t, merely attempt deflect failed policies,” senate minority leader mitch mcconnell said.

white house spokesman jay carney shot oil companies making big profits , “it doesn’t make sense taxpayer cushion robust bottom line.”

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you know, have say, stand in open-mouthed awe of mitch mcconnell's ability never on correct side of issue.

i'm taken aback little obama's canniness. think he's learning how play game. , don't know, see little downside him in this.

oh, you know , i know if subsidies ended, companies try make difference jacking prices. they'd @ peril. republican or blue dog defended such thing in deep, deep trouble or constituents.

mean, -- when's last time heard oil or gas company having face deep budget cutbacks? it's happened every other sector of economy. nobody "understand" "need" raise prices.

, if subsidies don't end (even though should), obama positions himself populist hero , republicans debt reduction hypocrites.

 

thomas veil said: ↑

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oh, you know , i know if subsidies ended, companies try make difference jacking prices. they'd @ peril. republican or blue dog defended such thing in deep, deep trouble or constituents.

mean, -- when's last time heard oil or gas company having face deep budget cutbacks? it's happened every other sector of economy. nobody "understand" "need" raise prices.

click expand...

since oil companies don't control price of oil or gas, have cope other way. either live less profit, close marginal production or improve efficiency.

 

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