Obama: Lower Gas Prices By Taxing Big Oil More Posted By: floppingaces 3/17/2012 3:26:37 PM Flopping Aces, by Curt Original Article
Here comes Obama The Blamer. Blame Bush, Blame oil companies:
In his weekly address to the nation Saturday, Obama sought to redirect consumers’ anger with his administration to anger with Congress for allowing companies like Exxon Mobil and Chevron to receive $4 billion from the federal government every year.
Lefties think ending these subsidies wouldn’t force the oil companies to raise gas prices because big oil already makes so much money. Really? Their net profit margin is 7.9%. Out of all the industries they rank 91st in profits out of 216 industries listed.