Everyone's favorite pick for the next President just did a Hugo Chavez impression, saying today that she was going to "take those profits" from American oil companies. Yikes!
Surely she doesn't mean that. She intends for the government to seize the assets of American companies? Um… Madam Senator, do you realize that's the kind of thing Fidel Castro and other socialists did? Do you realize that you could devastate our economy if you take money out of the hands of stockholders like that? Isn't profit the whole point of running a business and what those stockholders wanted? Watch out Bill Gates.
Good grief.
The next thing you know, she'll want the government to take over health care or something.
2 comments:
Aren't the energy companies ALREADY pouring record-setting amounts of money into alternative fuel sources and energy independence? Doesn't capitalism encourage companies to stay in front of the curve so they can continue to profit from new technologies as they come along?
That's my point exactly. If an oil company isn't making plans right now to be an "energy" company, the competition is going to leave them behind.
I'm just waiting for socialist governments to mess that up.
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