Entries Tagged as 'Taxes'

Drill, Johnnie, Drill!

John McCain wants to drill for oil. Barack Obama wants to drill for taxes and leave the oil where it is.

In McCain Rows The Boat Offshore, Hallelujah!, Investors Business Daily lays it all out.

John McCain visits California to make the case for offshore drilling. The oil spill off Santa Barbara was 40 years ago. It’s time to stop crying over spilled oil.

Just as he courageously opposed subsidies for energy-inefficient ethanol before the Iowa caucus, whose mandated use has driven up food prices, the presumptive GOP nominee ventured to electoral-vote-rich California on Monday to repeat his support for offshore drilling. His call comes despite lingering California angst over the 1969 Santa Barbara oil spill that prompted current restrictions off the California coast.

Critics of offshore drilling, including California Gov. Arnold Schwarzenegger, use the spill of 80,000 barrels of crude some six miles off Santa Barbara nearly four decades ago to block efforts to recover the 1.3 billion barrels of recoverable oil off the California coast. Schwarzenegger has suggested he wouldn’t mind being “energy czar” in an Obama administration. Obama opposes offshore drilling.

I’m not a giant fan of McCain, but when your choice is between something bad and something even worse, you can’t sit this one out or waste your vote with Bob Barr.

If you combine Barack and Nancy and Harry, you’ve got a bullet in the head of the economy that we’ll pay for over the next ten years.

Remember when Jimmy Carter persuaded a Democrat congress to set the speed limit at 55? (Hint: 1974) Remember how long it took to get rid of the most hated federal law in the nation? (Hint: 1995) Apply that legislative timeline to taxes designed to redistribute income and you’ll get an idea of how much damage little Barry can do.