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  • truelyright truelyright Feb 2, 2011 11:33 AM Flag

    $46.66, big oil subsidy in NY Times

    Governments don't create jobs. companies create them. If companies don't take the lead when they say they want to "develop American oil and gas by American workers for American consumers,” they it's hard to take them seriously.

    And if, “The federal government by no stretch of the imagination subsidizes the oil industry," then there will be nothing to cut, and they have nothing to worry about.

    What are they complaining about??

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    • I think they're defensive because every few years the price of oil spikes and they have to listen to a certain class of politicians in Washington blaming them for making excessive profits. I don't understand this criticism because the rest of the economy went into the toilet and had to be bailed out with trillions of taxpayer dollars.

      At least the oil industry is paying taxes INTO the government coffers, and besides that are expanding their operations and putting more people to work looking for oil and bringing it to market as the price increases.

      If the oil industry ever asks for a trillion dollars of taxpayer money like GM and the banks did, then I will join the critics of the industry.

      • 2 Replies to langosta_fla
      • lang,

        Oil industry is paying taxes into the government coffers and American Soldiers have been dying defending their wells and pipelines since World War I.

        May be the oil industry should pay their fair share of royalties to the American people instead of ripping them off. Go tell the CEO executives to ask OPEC to defend themselves and rip off the Muslims yonder instead of Christians at home.

      • Well I think we should cut all the teachers -- lay them off and shut down half the schools so that we can lower government spending and still give the oil companies CEO's their corporate welfare.

        Yeah, can't wait to see the next unemployment report.

        We have the same b.s report today from ADP that was so far off the mark last month it was ridicules.

        The media picks up the feel good story about "PRIVATE" sector adding jobs but has nothing to say about the fact that any jobs that were actually created are the ones replacing the $25~35/hour workers with $8~15/hour workers.

        Nor does it include the massive layoffs in the "PUBLIC" sector from the government cuts to balance and payoff a debt created by corporate bailouts, housing frauds, mortgage fraud, foreclosure fraud and the never ending wars.

        Yeah, let's see how many public sector employees get hired by the noble corrupt private sector corporations as they hit the streets.

        Are the teachers going to be hired or are we gonna hear the tired old refrain that their math and science scores are not high enough or that the holders of Master degrees in education have to be sent back to school and be retrained to achieve the skills that corporations need today b.s.?

        We supposed to believe that America doesn't negotiate with terrorist or hostage takers but that's all I see.

        The oil companies and other corporations holding jobs hostage for tax breaks and government grants. The government holding the school kids hostage for more taxes. The middle class getting bent over the table from both sides as they are too dense to figure it out while listening to the apologist on their political agendas.

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