InvestorsHub Logo
Followers 10
Posts 3317
Boards Moderated 0
Alias Born 06/29/2006

Re: None

Thursday, 08/07/2008 9:26:47 AM

Thursday, August 07, 2008 9:26:47 AM

Post# of 495952
Oh no, say it ain't so! Obama supports big oil by voting on legislation written by none other than Dick Cheney. LOL!

http://news.yahoo.com/s/ap/20080805/ap_on_el_pr/obama

In stumping Tuesday in this key battleground state, Obama sought to link the troubled economy with Republican policies and offer his own energy plan in contrast. He has tried to cast McCain as more concerned about oil company profits and drilling than an overall energy strategy.

However, Obama himself voted for a 2005 energy bill backed by Bush that included billions in subsidies for oil and natural gas production, a measure Cheney played a major role in developing. McCain opposed the bill on grounds it included billions in unnecessary tax breaks for the oil industry.

The Obama campaign has said the Illinois senator supported the legislation because it included huge investments in renewable energy.

McCain spokesman Tucker Bounds, said, "Barack Obama is opposed to offshore drilling and is also opposed to admitting that he voted for the same corporate giveaways for Big Oil that he's campaigning against today."


LOL!

A new Obama ad says Big Oil filled McCain's campaign with $2 million in contributions and that he "wants to give them another $4 billion in tax breaks."

That $4 billion consists mainly of potential revenue from a McCain proposal to lower corporate taxes on all American businesses.

The McCain campaign pointed out that the ad doesn't mention Obama has taken some $400,000 from oil company executives.


LOL, again!



Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.