This is not hot off the presses - it goes back a couple of weeks to off shore drilling. But it's worth watching for a moment if you're not clear on where Barack stands on the political spectrum. Watch the first 30 seconds or so and get horrified!
He wants to tax the profits of oil companies and give the money to people who are struggling to get by in a bad economy!!! Could there be a more anti-capitalist position? What next - tax the profits of restaurants to give the money to the hungry? Should we tax the profits of high tech firms and give the money to people who can't afford college?
Here is a chart that shows the 57 industries that have higher profit margins than the oil industry.
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