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Archive for August 4th, 2008

Please Define What a ‘Windfall Profits’ Tax Is…

By Betsy Newmark
High School History and Government Teacher/Blogger

Liberals like to bleat about the oil companies making “windfall profits” as if there is some point when making a profit is bad. So the Wall Street Journal asks what the definition is of a “windfall profit.” This is important to know because Senator Obama has proposed giving each American family a stimulus check of $1000 paid for by a windfall profits tax on the oil companies. He is presently running an ad touting his plan.

“After one president in the pocket of big oil we can’t afford another,” says the ad, referring to President Bush’s previous work in the oil industry.

Obama hoped to emphasize energy and the economy in campaign stops this week in Michigan, Ohio and Indiana, beginning with a speech Monday in Lansing, Mich. Gas prices over $4 a gallon have become a top issue in the presidential contest.

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Fellow Democrats: Kill the Elitist and Undemocratic Caucuses

By Lanny Davis
Former White House Counsel/FOX News Political Contributor

It’s time for Democrats to kill the undemocratic and elitist caucus system for selecting national convention delegates for the presidential nomination. Instead, all delegates should be selected in primaries.

The 2008 Democratic National Convention in Denver – the national party’s supreme governing body — can do it – or at least take the first step to doing it by passing a resolution establishing a new “Presidential Selection Rules Reform Commission.” Such Commissions have been established many times before, beginning after the 1968 convention, to change the delegate selection rules. A new one is needed more than ever.
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