Obama's Wants YOUR "Windfall Profits"

Wake up People! It's not hard to understand. If the government taxes any business, not just the "evil" oil companies, the ones who get screwed in the end are you and me. We pay the increase not them. That extra cost is passed right on through to us. That's why when you here the Obamessiah saying things like this:

"I'll make oil companies like Exxon pay a tax on their windfall profits, and we'll use the money to help families pay for their skyrocketing energy costs and other bills"

it should really make you mad.

Neal Boortz has a great definition of "windfall profits". "Windfall profits" are "A tax levied on a industry by a politician eager to pander to economically ignorant voters who, for whatever reason, are upset with that industry." I agree with him that the vast majority of people in this country wouldn't know a "windfall profit" if it bit them in the butt. The term just "inflicts these feelings of evil and wealth envy.  Therefore, the Obama campaign will continue to use this fancy term to get you all riled up.  Politicians are good at that."

Not only will this idiotic tax cost you even more at the pump it will take money out of YOUR RETIREMENT ACCOUNTS! Oil company stock is not, I repeat not held by just a handfull of corporate fat cat insiders. It is held by normal everyday Americans just like you and me. The Shapiro Report (right click and save as to see for yourself) tells the tale. Once again I want to thank Neal Boortz for breaking out just some of the numbers to help open your eyes. Check this out:

Throughout the oil and natural gas industries only about 1.5% of the stock is owned by company executives.  Now this statistic doesn't come from the oil companies themselves, the numbers – and the numbers that follow – come from Bill Clinton's undersecretary of commerce for economic affairs; one Robert J. Shapiro.

 Here's what Shapiro has to say about the ownership of the other 98.5% of oil company shares:  "The data show that ownership of industry shares is broadly middle class, with the majority of industry shares held by institutional investors, often on behalf of millions of Americans through mutual funds, pension funds and individual retirement accounts."

You want more details on just who owns the shares?  OK, I have those details.  Just remember, when Obama talks about windfall profits — THESE are the people who's money he plans to seize: 

 Again … from the Shapiro study:

• Almost 43 percent of oil and natural gas company shares are owned by mutual funds and asset management companies that have mutual funds. Mutual funds manage accounts for 55 million U.S. households with a median income of $68,700.

• Twenty seven percent of shares are owned by other institutional investors like pension funds. In 2004, more than 2,600 pension funds run by federal, state and local governments held almost $64 billion in shares of U.S. oil and natural gas companies. These funds represent the major retirement security for the nation's current and retired soldiers, teachers, and police and fire personnel at every level of government.

• Fourteen percent of shares are held in IRA and other personal retirement accounts. Forty five million U.S. households have IRA and other personal retirement accounts, with an average account value of just over $22,000.

What did I tell you? When the Obamessiah starts yammering on about taxing those "evil" oil company "windfall profits" he's talking about YOUR MONEY! He's talking about taking the money you have invested for your retirement… taking your hard earned money and giving it to other people to "help" them pay their bills and energy costs! What a bunch of crap. Let's let our congressmen and senators know how we feel. Tell yours that only dumbmasses fall for that "windfall profits" B.S. and that you had better not find out that they are card carrying members of the dumbmass society!

Obama's dumbmasses won't wear NobamaZone gear.
Find out why!