Barack Obama's first policy retreat?

Keep in mind this is NOT official, but I think we should be aware of it. But the story details Obama possibly withdrawing from innitiating a windfall tax on big oil.

http://www.motherjones.com/mojoblog/archives/2008/12/11132_obama_drops_windfall_profits_tax.html

A windfall tax is a tax put in place that is a higher rate than normal on sudden/unexpected profit gains to a company or industry. I'm just wonderign what everyones thoughts are regardless of who you voted for.

Please though, no "Obama haters 4 life". You know..the ones that dont believe hes native born US citizen. Keep that talk to tea time with your dolls. :)

Have you seen oil prices lately? It's under $50 a barrel down from nearly $140 a few months ago. The tax would be pointless. At the moment at least.Guybrush_3

Of course it would be pointless because it wouldn't help lower gas prices anyway... I mean honestly, is there even a point in taxing oil companies more other than "spreading the wealth around"?

It was BS policy anyway. He told the public what they wanted to hear. Sure "big oil" has made some of the highest profits ever seen but remember that they have also seen some of the largest losses. Anyone that has made it as far as Obama should be smart enough to know how economics works and they should be smart enough to know how the economy works. When someone takes a big risk there is generally the possibility of a large profit.SuperVegeta518

Just admit it. You are a shill. What's scary is that you believe what you are posting.

Have you seen oil prices lately? It's under $50 a barrel down from nearly $140 a few months ago. The tax would be pointless. At the moment at least.Guybrush_3

That's not his first policy of his he probably won't be doing.. What about his tax plan.. No way that's going to happen with the even more plans he has in store for the country..ferrari2001

Obligatory Communism post.ferrari2001

You guys should realize, a lot of the times it's impossible for a leader to keep all his promises. Because to make the right decision, you have to know exactly what happens. And if you notice about Barack, a lot of what he says he says confidently but he still leaves a little room to go back on it. Because he knows you can't make a definite decision about something in the future unless you know exactly how things play out till that point. A dangerous leader is one how keeps all his promises regardless of what happens because that could have unforeseen negative effects. munu9

[QUOTE="munu9"]You guys should realize, a lot of the times it's impossible for a leader to keep all his promises. Because to make the right decision, you have to know exactly what happens. And if you notice about Barack, a lot of what he says he says confidently but he still leaves a little room to go back on it. Because he knows you can't make a definite decision about something in the future unless you know exactly how things play out till that point. A dangerous leader is one how keeps all his promises regardless of what happens because that could have unforeseen negative effects. Manutebecker

[QUOTE="ferrari2001"]Obligatory Communism post.Hewkii

[QUOTE="Hewkii"][QUOTE="ferrari2001"]Obligatory Communism post.ferrari2001

Well it seems, sir, if you say one bad thing about the Messiah you obviously think he's a Muslim communist!

even more plans he has in store for the country..

[QUOTE="ferrari2001"][QUOTE="Hewkii"] again, thank you for posting this, so we may get back to business.Dalo12345

Well it seems, sir, if you say one bad thing about the Messiah you obviously think he's a Muslim communist!

even more plans he has in store for the country..

I see what you're getting at, but then I also believe that had oil prices stayed as high as they were, he'd be going through with it. still, you may have a point. I'm really not positive about Obama, as I always grow cautious of anything I think is terrific. Chances are though, he actually is as terrific as people say he is. I've seen nothing at all to suggest otherwise thusfar.quiglythegreat

Besides the fact that the Constitution seems to be of little importance to him.

[QUOTE="quiglythegreat"]I see what you're getting at, but then I also believe that had oil prices stayed as high as they were, he'd be going through with it. still, you may have a point. I'm really not positive about Obama, as I always grow cautious of anything I think is terrific. Chances are though, he actually is as terrific as people say he is. I've seen nothing at all to suggest otherwise thusfar.Dalo12345

Besides the fact that the Constitution seems to be of little importance to him.

[QUOTE="Guybrush_3"]Have you seen oil prices lately? It's under $50 a barrel down from nearly $140 a few months ago. The tax would be pointless. At the moment at least.Manutebecker

yeah but usually the rise fall cycle of gas prices falls within reasonable profit gains. How often does what just happened with gas prices happen? And how are gas prices rising in MN? the price of oil is still falling cosistantly.

[QUOTE="Dalo12345"]

[QUOTE="quiglythegreat"]I see what you're getting at, but then I also believe that had oil prices stayed as high as they were, he'd be going through with it. still, you may have a point. I'm really not positive about Obama, as I always grow cautious of anything I think is terrific. Chances are though, he actually is as terrific as people say he is. I've seen nothing at all to suggest otherwise thusfar.quiglythegreat

Besides the fact that the Constitution seems to be of little importance to him.

Critical of Bush? Empty rhetoric.

I never heard him say he wanted to repeal the Patriot Act.

I never heard him say he wanted to repeal No Child Left Behind.

He does not support immediate withdrawal from Iraq (an undeclared war, mind you).

Need I go on?

[QUOTE="Manutebecker"][QUOTE="Guybrush_3"]Have you seen oil prices lately? It's under $50 a barrel down from nearly $140 a few months ago. The tax would be pointless. At the moment at least.Guybrush_3

yeah but usually the rise fall cycle of gas prices falls within reasonable profit gains. How often does what just happened with gas prices happen? And how are gas prices rising in MN? the price of oil is still falling cosistantly.

Strong dollar has a bit to do with low gas prices. As with most commodities like gold.

[QUOTE="Guybrush_3"]

[QUOTE="Manutebecker"] /facepalm... This always happens, gas prices will be high, then fall, and everyone will forget about the situation and all the talk will cease, then it will come back, gas is on the rise in Minnesota, I dont know about all you other guys... We need to learn that we need to deal with the situation now, we've been procrastinating a fix on energy since the '60s..dmc333

yeah but usually the rise fall cycle of gas prices falls within reasonable profit gains. How often does what just happened with gas prices happen? And how are gas prices rising in MN? the price of oil is still falling cosistantly.

Strong dollar has a bit to do with low gas prices. As with most commodities like gold.

What? We haven't been on the gold standard since 1971.

[QUOTE="dmc333"][QUOTE="Guybrush_3"]

yeah but usually the rise fall cycle of gas prices falls within reasonable profit gains. How often does what just happened with gas prices happen? And how are gas prices rising in MN? the price of oil is still falling cosistantly.

Dalo12345

Strong dollar has a bit to do with low gas prices. As with most commodities like gold.

What? We haven't been on the gold standard since 1971.

When the dollar goes up. Gold goes down as do other commodities. Gold almost went down to $600 due to foreigners buying american assets. I'm not talking about what the dollar is being backed by.

[QUOTE="quiglythegreat"][QUOTE="Dalo12345"]

Besides the fact that the Constitution seems to be of little importance to him.

Dalo12345

Critical of Bush? Empty rhetoric.

I never heard him say he wanted to repeal the Patriot Act.

I never heard him say he wanted to repeal No Child Left Behind.

He does not support immediate withdrawal from Iraq (an undeclared war, mind you).

Need I go on?