Tuesday, March 8, 2011

Oil Prices Raise Cost Of Homeownership, Threatening Housing Recovery


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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