I’m Just Stealing A Little Bit From You, You Won’t Notice
Senator Barack Obama appeared on “The O’Reilly Factor” earlier this week, where Bill O’Reilly grilled him on his tax plans. Obama used an analogy, when discussing his income redistribution policies, of how if you’re rich and you’re eating at a restaurant, and you see a waitress barely struggling to get by, you should assist in helping her financially. When O’Reilly accused Obama of basically having a socialist plan, Obama argued against this and said that it was just being neighborly.
Which, in theory, sounds nice and everything. But theories always operate in a consequence-free environment. And it always appeals to the have-nots who want what the haves, well, have.
Naturally, with Obama’s plans for increased taxation of oil companies to send money to alternative fuel reseach, one can only guess how this will effect both A&D and E&P for the next few years. And O’Reilly himself certainly would be no help in this area, as he himself accusses oil companies of being monopolies and probably wouldn’t mind some increased regulation on that front.
The hosts of the Walton & Johnson radio show were discussing and ridiculing Obama’s plan. Walton was likening the plan to stealing, with hard-working people being relieved of their money to pay for not-so-hard-working people. This wasn’t neighborliness but instead Marxism according to the hosts.
But the key point they made was this, and I found this very funny. Walton said that the next time you’re in Barack’s neighborhood, just invite yourself into his house and help yourself to a few things that you want. Johnson added that if Michelle starts complaining about this, just say “Hey! I don’t understand what the big deal is! I’m just being neighborly! It’s not like I’m taking everything, just a few things. It’s not like you can’t afford to buy more!”
–Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; spayne@hartenergy.com
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