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Obama’s ‘emergency’ economic plan
By:
August 1, 2008 10:53 AM EST
Sen. Barack Obama (D-Ill.) on Friday announced an “Emergency Economic Plan” that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls “windfall profits from Big Oil.”
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Posted by bruni
on August 24, 2008
What Is a ‘Windfall’ Profit?
August 4, 2008
The “windfall profits” tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a “windfall” profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales — or does it merely depend on who earns it?
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Posted by bruni
on August 24, 2008
Hey I pointed that website out first
Nobody on here is going to read it though. It’s far easier to cling to old views and pandering McCain attack ads than it is to read an 8 page large-type PDF.
There is a lot of hope for change in that document. I’ve only about 1/2 done.. but it’s the same old song and dance.
pdf viewer is fucked up somehow but i’ll just assume this sucks like i would even if i could open pdfs
I admit John McCain’s policy guidelines on energy appear to be more specific with numbers and timelines etc. but it means very little when they aren’t guarantees.
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Posted by bruni
on August 21, 2008
This is how I look at it;
1. The Earth is a closed system
2. Oil is a finite resource
3. In the last 40 years the Earth’s population has doubled from 3 billion to over 6 billion.
Now you could go on and on about how much human activity is influencing the world climate, but I just don’t understand how someone can look at this picture and think that it will have no effect on anything. You may think that the only thing that matters in the world is the economy, but the economy is just a subsystem of the larger system it inhabits… the ecosystem.
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Posted by bruni
on August 19, 2008
The oil boom will give Iraq a surplus of nearly $80 billion (42 billion) by the end of this year, a US agency has concluded, raising the political pressure for a cut in American spending to help the country to recover.
High oil prices will soon give the Iraqi Government a pot of $79 billion in unspent funds, the US’s Government Accountability Office (GAO) projects in a new report to Congress. It adds that nearly $10 billion has been sitting in a US bank in New York because the Iraqi Government has been so slow in spending funds on reconstruction.
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