Wealth redistribution?

[utvolpj]

I haven't seen this spelled out so clearly until now. Not surprising but...

Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls “windfall profits from Big Oil.”

The first part of Obama’s plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.

“This rebate will be enough to offset the increased cost of gas for a working family over the next four months,” Obama said. “Or, if you live in a state where it gets very cold in the winter, it will be enough to cover the entire increase in your heating bills. Or you could use the rebate for any of your other bills or even to pay down debt

Obama's 'emergency' economic plan - Mike Allen - Politico.com

Policy paper: http://www.politico.com/static/PPM41...yeconplan.html

[volinbham]

Amazing! Isn't this the guy that said (rightly) the gas tax holiday was a gimmick?

This does nothing to address the energy problem - it is simply a sock it to Big Oil plan that will be completely ineffective.

BS!

[Vol Mania 21]

terrible plan

[droski]

apparently barrack hasn't noticed that exxon and chevron stocks are down 10% a piece this year despite oil being up 30%. why doesn't he worry about apple's windfall profits? that Iphone sure is a ripofff.

[utvolpj]

Originally Posted by droski

apparently barrack hasn't noticed that exxon and chevron stocks are down 10% a piece this year despite oil being up 30%. why doesn't he worry about apple's windfall profits? that Iphone sure is a ripofff.

he should also tax Microsoft's profits for that bag of crap Vista they put out

[MontereyVol]

yeah, but a lot of people actually thought the gas tax holiday would be a great idea. So take that idea and add the word rebate and the general public will probably love this!

[MontereyVol]

Originally Posted by utvolpj

he should also tax Microsoft's profits for that bag of crap Vista they put out

[Vol Mania 21]

well how bout taxing Jordan's shoe company, I payed 150 for a pair and they ripped w/in a wk what a ripoff

[utvolpj]

The parts I really hate are the sob story reasons for it (home heating, gas prices) when I know if I get the check I'm going to buy an Xbox. But by Obama standards I'm rich so I don't need help and am part of the problem keeping the lower-class down.

[MontereyVol]

Isn't Chavez giving Mass. free heating oil for a year? Problem already solved.

[joevol320]

so, he wants to tax the oil companies more and give it to us. wont the oil companies just pass that tax hike on to the consumers? i think they would correct?

[GAVol]

Originally Posted by joevol320

so, he wants to tax the oil companies more and give it to us. wont the oil companies just pass that tax hike on to the consumers? i think they would correct?

Of course they will; just like all other corporate taxes get passed down the line . . . This is one of the dumbest vote grab gimmicks that I've ever seen.

[utvolpj]

Originally Posted by GAVol

Of course they will . . . This is one of the dumbest vote grab gimmicks that I've ever seen.

Agreed, he should stick to his platform of Hope, Change and no details.

[droski]

it's certainly a great way to encourage more oil exploration.

[GAVol]

Originally Posted by utvolpj

Agreed, he should stick to his platform of Hope, Change and no details.

Exactly . . . I don't know why he is even worrying about being detailed about anything at this point given how well he is doing by not saying jack. A campaign devoid of specifics is better than a campaign full of stupid specifics.