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Title

The Long Road To Change: The Windfall Profits Tax

Description

From the article, <a href="http://harpers.org/archive/2008/12/hbc-90003953" source="Harper's" author="Ken Silverstein">Farewell to the Windfall Profits Tax</a>, there's this news about the Obama campaign's promise to <iq>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</iq>. The Obama Transition Team(tm) (or <i>OTT</i>) has a much more practical approach that involves a lot less boat-rocking than the campaign team promised in order for the OTT to even come into existence. That's why the <iq>language regarding the windfall profits tax was removed on Saturday, November 8th</iq> from the OTT's web site. With Exxon having reported $14.83 billion in profit in the third quarter of 2008, one can see how out-dated and superfluous the idea is. It's only right for the OTT to trim back on ideas that sound great on the campaign, but don't apply to real life. Progressives will surely understand. Small wonder so many conservatives are falling all over themselves to praise Obama. <hr> <n>Why, yes! It was, in fact. Dripping with sarcasm, that is.</n>