Obummer calls for America to free itself from dependence on foreign oil. This from the man who’s only delivered on one campaign promise, his vow to crush oil production and promote the use of algae instead.
He also addressed a related issue: how will he reduce the cost of gasoline? By slapping another $4 billion in taxes onto oil companies’, he says. Now $4 billion is actually a tiny burden on the big oil companies and will never be noticed, though it will hurt the small independents but, insignificant or not, since taxes on businesses are invariably passed on to consumers, how does Hussein figure those taxes will cut the cost at the pump? The community organizer’s knowledge of economics is as pathetically ignorant as his grasp of the oil industry.