04 August 2008

Mad on Monday

Obama's emergency economic plan has me pretty steamed. Read about it at IRF.

The Wall Street Journal also has this to say on the matter:

The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a "windfall" profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it?

Read more if you like. Economic idiocy at its most obvious.

1 comment:

Sportsattitude said...

You know I am an Obama supporter, but I absolutely agree this is a bit hard to digest. I'm nothing if not fair, and while I'm here to say there certainly has been a lot of moronic economic moves on both sides of the aisle, what I am initially seeing here isn't the answer either.