A repository for Marcospinelli's comments and essays published at other websites.

Oil Prices Raise Cost Of Homeownership, Threatening Housing Recovery

Tuesday, March 8, 2011


That was Obama's first broken promise.

He campaigned on imposing 'Windfall Profits Taxes on the Oil & Gas Industry", then  immediatel­y reneged on it once elected, saying, "The prices have now dropped - We'll see about doing that if or when they rise again."

Oil hit over $80/barrel (the amount that, had Obama kept his promise, the windfall profits tax would have been triggered) long ago.
Read the Article at HuffingtonPost

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