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March 31, 2012

GOP, Big Oil Lobbyists defeat Obama, Senate Democrats.

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The below info went unheard by the GOP. Don’t make the same mistake: it’s worth listening to.

“…On top of these record profits,” Mr. Obama said, “oil companies are also getting billions a year in taxpayer subsidies — a subsidy they’ve enjoyed year after year for the last century.”

And

President Obama and the Senate Democrats have again fallen short in their quest to eliminate billions of dollars in unnecessary tax breaks for an oil industry that is rolling in enormous profits. A big reason for that failure is that some of those profits are being continuously recycled to win the support of pliable legislators, underwrite misleading advertising campaigns and advance an energy policy defined solely by more oil and gas production.

Despite pleading by Mr. Obama, the Senate on Thursday could not produce the 60 votes necessary to pass a bill eliminating $2.5 billion…

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