Clinton: Let Uncle Sam Determine Profits

Daniel David

My oh my Daniel David......The "racists" attacking Obama? You are kidding right? I can't tell sometimes with satire and all. Daniel, you are the type of "amerikan" that absolutely terrifies me and makes me worry for the security and future of both my country and family. Daniel, I would propose that the true racists are the church associates of Mr. Obama and the Rev. Wright. And if Obama sat in the pew listening to his spiritual "mentor" what does that make him? If a white man had said 1/500 of 1% what the Rev. Wright said he would be labeled something just short of the KKK Grand Dragon Wizard (or whatever they call themselves). Look in the mirror Daniel and if you get a chance, ask Obama to as well.

Raul Reddy of TX @ May 02, 2008 09:28:33 AM

Excess Profits Tax

As an independent, I was in the lease and right-of-way acquisition branch of the oil business in 1980 when the excess profits tax was imposed. By 1986 new areas for exploratory drilling were almost non-existent. In fill drilling (wells in proven fields) had been pretty much limited to leases that would expire unless drilled. Low production wells were plugged, drilling rigs sat in yards rusting, leases were let lapse by non-payment of rentals, new refinery plans were put in the "maybe some day" file and I had to find a new line to apply my skills. Fortunately, a lot of new fiber optic cables required right-of-way and booster station acquisition. I left my oil business office. Present conditions can be directly laid at the feet of "excess profits" the theory for which completely ingores profit margin.

jack E. Blankenship of CO @ May 02, 2008 09:11:40 AM

O'Reilly

He sems to be so impressed with his own importance, I am reminded of the phrase ( If I could buy him for what he is worth and sell him for what he thinks he is worth, I would be able to buy Warren Buffet)

Jerry Vinyard of KS @ May 02, 2008 09:08:10 AM

oil taxes

It seems so easy to make talking points about profits, to a public who has no idea

about the difference between a profit or a profit margin. What rubish.

Jim of AL @ May 02, 2008 08:52:01 AM

I think the key point in that interview was when O'Reilly confronted Hillary on her voting record when it came to energy policy (she voted against a bill to allow drilling in ANWR and against nuclear energy). She, of course, did not answer the question, and O'Reilly, normally a hard hitter, let her skate by. He gave some reason as to why she let her skirt when he was talking to Miller, but I think it was weak. If he is committed to holding the politicians feet to the fire, he should have raked her over the coals on that point.

Chris of AZ @ May 01, 2008 19:10:15 PM