The Gas Wars

I like Robert Reich as much as the next liberal, but let's remember that he's as much a politician as Newt Gingrich, and spouts whatever the DLC's rhetoric of the day is.  

6/2/08 - Candidate Obama Promises To Impose Windfall Profits Tax On Oil and Gas Industry

6/25/08, what Candidate Obama will do to help consumers with rising gas prices included a second round of stimulus rebate checks, impose a windfall profits tax on oil companies, and close the Enron Loophole that allows for speculatio­n's unregulate­d upward pressure on gas prices.

The first of Obama's many broken pledges and promises once he got elected was reneging on his pledge to impose 'Windfall Profits Taxes on the Oil and Gas Industry", etc.:
http://www­.youtube.c­om/watch?v­=jMbqVDymi­7k

11/10/08 - President-­Elect Obama Abandons Windfall Profits Tax on Oil Companies

12/23/08 - When pressed about his abrupt about face on imposing windfall profits taxes, President-­Elect Obama said, "The prices have now dropped - We'll see about doing that if or when they rise again."

Since 12/08, the price of oil has reached $80/barrel several times, which is the amount that Candidate Obama had pledged would trigger his windfall profits tax. 

http://www­.reuters.c­om/article­/topNews/i­dUSWAT0096­3020080609
http://www­.youtube.c­om/watch?v­=jMbqVDymi­7k
http://blo­gs.abcnews­.com/polit­icalpunch/­2008/12/ob­ama-abando­ns.html
Read the Article at HuffingtonPost

Read more...