Marxist Action in the Senate Today

Longing for the good old days of Jimmy Carter’s gas shortages and cars lining up for blocks for empty gas pumps, the Democrats in the Senate brought a bill to the floor to day to levy additional, higher taxes on the “unreasonable profit” of the oil companies.

The stench of socialism, communism, and Marxism is all over this bill. When people engage in an arms-length transaction, there is no such thing as a reasonable or unreasonable profit. While the intellectually crippled elitist John McCain believes there may be such a thing as an “obscene” profit, I contend that in economics, the only obscenity is bankruptcy. Profits do not put people out of work; profits do not harm people’s retirement accounts; profits do not fall on businesses that are managed poorly. Losses are harmful and obscene. Profits are good.

Of course, Congress does was doing what it knows best – engaging in subterfuge. The fundamental cause contributing to the rise in the price of oil is Congress! For Congress to point a finger at any other body (let alone punish any other party) for oil prices is the pinnacle of hypocrisy. Congress prohibits United States energy independence by their overbearing environmental laws and regulatory morass. Congress makes more profit on a gallon of gasoline than the oil companies do. Congress permits illegal cartel price setting for oil.

Furthermore, the concept that the leftists could raise taxes on producers and somehow lower the price of the product flies in the face of all common sense.

Of course, the real goal of the socialists and communists in Congress is that they wanted to further increase the price of gasoline, in order to further enrage the populace, and then move on following their hero Hugo Chavez’s move to nationalize the oil companies. This from a Congress that cannot manage its own dining facility in a break even manner!

Yes, the socialists and communists in Congress are exposing themselves over oil. Maxine Waters D-CA told oil execs “This liberal will be about socializing; would be about -- about -- about basically -- taking over and the government running all of your companies!”

There you have it, the Democrat/socialist/Communist/Marxist agenda of the majority party in Congress laid bare for all to see.

If Congress’ reckless deficit spending had not so devalued the dollar, oil prices would not seem so high, but that is a subject for a different post.