For the life of me I will never understand Democrat logic. We keep hearing more and more stories on the news about oil prices going up and how it effects the economy and what do Democrats propose as the solution to fix the high costs of oil and raising cost of goods? Increase taxes on the oil companies (18 BILLION in new taxes to be exact!).
How can anyone think that when something costs too much already that INCREASING the cost by raising taxes on it would help make it more affordable for average Americans? Of course it's all Bush's fault and even though since 2006 Democrats have controlled both the House and Senate and for that matter control all three branches here in NH, Republicans and Bush are still somehow to blame for the problems that have been growing further and further out of control.
Have Democrats even stopped to think that maybe we need MORE refineries to help drive down the costs instead of MORE taxes? As demand grows faster then refinery production it doesn't take a rocket scientist to realize that the cost will rise. And what makes it worse is that we close refineries such as the ones listed in this report without opening any new ones in their places. Here is a key quote from the report:
"It is unlikely that new refineries will be built in California. In fact, from 1985 to 1995, 10 California refineries closed, resulting in a 20 percent reduction in refining capacity. Further refinery closures are expected for small refineries with capacities of less than 50,000 barrels per day. The cost of complying with environmental regulations and low product prices will continue to make it difficult to continue operating older, less efficient refineries."
So lets see, higher taxes and fewer refineries and yet it's Bush's fault oil prices keep going up?
But Democrats argue they will use the money from taxes to invest in new renewable energy sources... Unless of course that renewable energy comes in the form of a wind farm in their back yard.
Sorry but I just don't understand how Democrats can believe their own party here. And even when we do discover all these new more efficient energy sources how many people stuck paying the higher oil costs can also afford to get a new car, a new furnace, a new tankless water heater etc etc etc. Heck, I was barely able to afford a new programmable thermostat (great investment by the way... turning down the heat just a few degrees at night while we sleep can save you hundreds of dollars) after all the taxes I've had to pay out (of course NH Democrats don't feel I pay my fair share and want to take even MORE from me).And for anyone thinking oil companies don't currently pay enough in taxes, think about this... in the past 25 years oil companies have paid out more then 3 times their actual profits in taxes. That's $2.2 TRILLION in taxes and that's not even including local and state taxes. What other industry can you think of that pays out over 25 years 3 times its actual earnings in taxes? Here's another interesting quote to mull over from that report:
"The answer to the second question, according to the Congressional Research Service (CRS), is that the 1980s windfall profits tax depressed the domestic production and extraction industry and furthered our dependence on foreign sources of oil."
Isn't dependency on foreign oil a big buzz with Democrats? We keep hearing how they want to lessen our dependency on it yet here in black and white we see their actions are actually contributing more to it.
And what do their future leadership choices think?
And Obama supports the Al Gore Carbon buy back scam. You can read up a little on the carbon buy back scam here and here.
So I'm sorry but I just can't understand Democrats, they continue raising taxes and increasing the costs of oil and yet they still turn around and try to blame Bush for everything their actions cause to go wrong. Go figure!