McCain: Big Oil's Best Friend

[Lee]

Although Republican presidential candidate Sen. John McCain is acting like he's outraged by the skyrocketing gas prices and has called for a temporary suspension of the federal gas tax plus a halt to increasing the U.S. strategic petroleum reserve in a feigned attempt to lower prices, McCain is big oil's best friend.

For facts: Exposed Story : McCain: Big Oil's Best Friend

 

[Severa]

It should be noted that Hillary Clinton has also called for a suspension of the gas tax. (Source New York Times - States Get In on Calls for a Gas Tax Holiday) Obama is the only candidate not calling for the tax suspension.

All three candidates have received contributions from oil companies, so to single out just McCain is a bit lopsided.

 

[awpitt]

It should be noted that Hillary Clinton has also called for a suspension of the gas tax. (Source New York Times - States Get In on Calls for a Gas Tax Holiday) Obama is the only candidate not calling for the tax suspension.

All three candidates have received contributions from oil companies, so to single out just McCain is a bit lopsided.

Hillary has called for the oil companies to pay the tax during the summer so the $9billion (est) will still be available for transportation projects. Obama doesn't accept PAC money. Can you site yojur sources that says Obama rcvd money from the oil companies?

 

[Severa]

Can you site yojur sources that says Obama rcvd money from the oil companies?

It's in Lee's link.
"One measure of this strong bond can be seen in the fact that oil companies have contributed $516,000 to McCain's campaign, according to the latest filings released by the Federal Election Commission. Meanwhile, McCain's potential Democrat presidential opponent Sen. Hillary has collected $354,000 in contributions from big oil, while her rival Sen. Barack Obama came in a distant third collecting only $266,000 from big oil."

 

[Bruzilla]

I think some perspective is due on those numbers. For example, health care professionals have donated $1.03 million to McCain, computer and internet companies have donated as much as the oil companies, the insurance industry has donated over $100,000 more than oil companies, and retiree groups have donated over $9 million to the guy. So on the whole, that $516,000 isn't a whole lot.

 

[awpitt]

It's in Lee's link.
"One measure of this strong bond can be seen in the fact that oil companies have contributed $516,000 to McCain's campaign, according to the latest filings released by the Federal Election Commission. Meanwhile, McCain's potential Democrat presidential opponent Sen. Hillary has collected $354,000 in contributions from big oil, while her rival Sen. Barack Obama came in a distant third collecting only $266,000 from big oil."

Thanks. I think this whole tax "holiday" is a sham. I estimated that I would save $43 dollars based on my regular commute and adding some extra for summer travel, etc. The 9 billion in suspended taxes is meant to go somewhere. We can't just have 9 bilion disappear and expect road projects to stay on schedule without borrowing form somewhere else. It just more politicians waving a small piece of bait from front of us hoping we're all dumb enough to fall for it and think they actually give a sh*t about us.

 

[Bruzilla]

Pilosi has already said she will not bring up the subject of a gas holiday in the Congress, and certainly will not bring up Hillary's pandering upgrade to the plan to require the oil companies to pay the deficit from their profits. So both McCain and Clinton can talk about this holiday without ever having to worry about it becoming a reality because they know it ain't going to happen. Unfortunately, Obama isn't far behind as he wants to give people a $1,000 tax rebate. That's great but all that's going to do is put $1,000 more dollars into the pockets of the people causing the problem. We need lower gas prices, not a redistribution of wealth.

You're right. This is nothing more than a blatant attempt to by politicaisn to make people think they "feel their pain." What we need is more exploration, more opening of old wells, and more refining capacity, and the political will to force the oil companies to make it happen.

 

[MMDad]

We need lower gas prices,

No, lower prices will only increase consumption. People are actually combining trips and avoiding unnecessary trips. People are buying smaller cars. That's called conservation. Why would we want to ruin that?

 

[Bruzilla]

No, lower prices will only increase consumption. People are actually combining trips and avoiding unnecessary trips. People are buying smaller cars. That's called conservation. Why would we want to ruin that?

Why should we conserve? I'm firmly with the crowd who finds the peak theory unsupportable. The Brazillians just found oil deposits that are bigger than the Saudi deposits, the largest on record, by quite a chunk. Just imagine what we'll find once we start exploring.

I'm just not running with the self-flagellation crowd that feels we need to be constantly punishing ourselves for our success. I want to be driving a 1973 Plymouth Roadrunner with a 440-6 under the hood. The other side can drive the hybrids.

 

[Lee]

It should be noted that Hillary Clinton has also called for a suspension of the gas tax. (Source New York Times - States Get In on Calls for a Gas Tax Holiday) Obama is the only candidate not calling for the tax suspension.

All three candidates have received contributions from oil companies, so to single out just McCain is a bit lopsided.

He got by far the most. Also, the other two were mentioned in the article, if you read it.

 

[Severa]

He got by far the most. Also, the other two were mentioned in the article, if you read it.

I did read the article, if I hadn't I would not have seen the mention and posted it in post #4 of this very thread.

 

[ImnoMensa]

Lets see: I believe the Federal tax on gas is about 18 cents.

We are paying about $3.59 for gas now and it goes up almost 10 cents every time the new fillup comes in. 18 cents is a drop in the bucket when in two weeks time that 18 cents will be used up by the next price increase. Tell Hillary and John-boy to get another idea, this one wont fly.

 

[Larry Gude]

Tony...

Hillary has called for the oil companies to pay the tax during the summer so the $9billion (est) will still be available for transportation projects. Obama doesn't accept PAC money. Can you site yojur sources that says Obama rcvd money from the oil companies?

...think about what will happen if this non sense goes through.

If you own a share of Exxon, are you gonna keep it knowing that their profits are about to be confiscated by the government? What if you're not sure and you don't wanna be the last one out the door? What about institutional investors? Are they just gonna absorb a collapse in their investment? What will happen when the states decide if it's OK to just confiscate money from business, then maybe it's easier to do that than raise taxes?

We are all sitting around no longer debating the merits of socialized medicine; we're merely debating if it should be 95% or 100%. Now, we are openly talking about government confiscating the money of companies. Just taking it.

And we're not outraged by this?

What if the government said "We're going to rape babies, but only the babies of oil company executives. For now." What's the difference?

 

[MMDad]

What if the government said "We're going to rape babies, but only the babies of oil company executives. For now." What's the difference?

That would be more palatable to me because it would hurt far fewer people. Since 52% of Exxon Mobile is owned by institutional investors (like retirement funds), it would hurt the very people that people like Bru are pretending they are helping.

 

[awpitt]

...think about what will happen if this non sense goes through.

If you own a share of Exxon, are you gonna keep it knowing that their profits are about to be confiscated by the government? What if you're not sure and you don't wanna be the last one out the door? What about institutional investors? Are they just gonna absorb a collapse in their investment? What will happen when the states decide if it's OK to just confiscate money from business, then maybe it's easier to do that than raise taxes?

We are all sitting around no longer debating the merits of socialized medicine; we're merely debating if it should be 95% or 100%. Now, we are openly talking about government confiscating the money of companies. Just taking it.

And we're not outraged by this?

What if the government said "We're going to rape babies, but only the babies of oil company executives. For now." What's the difference?

I see what you're saying, I'm guessing the gas prices would suddenly go up by 15-20 cents a gallon to compensate for the tax holiday. The oil companies will get their profit one way or another.