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Notice the Republicans want to blame Obama for gas prices but then call him a socialist if he tries to get involved?
This is why I like Obama. He's not weak and he will show the oil barons who's boss. You republicans think a monopoly should be able to gouge us to the point that it causes another Depression? Government is the boss! Call it socialism, but Government is the referee in the game of Business. Corporations only do business in the US if they benefit the country too. Not just the stakeholders. And if they don't, then we will pul a Hugo Chavez and Nationalize them. Just like we ultimately will Healthcare. At least they need to be more heavily regulated.
Edwin Black: Barack Obama Prepares for War Footing
Executive Order, titled "National Defense Resources Preparedness," renews and updates the president's power to take control of all civil energy supplies, including oil and natural gas,
If Iran was struck by Israel or the West, it would create an international and economic calamity of unprecedented severity.
Obama's Order sets forth as its rationale that "the United States must have an industrial and technological base capable of meeting national defense requirements and capable of contributing to the technological superiority of its national defense equipment in peacetime and in times of national emergency."
In other words, if we need to, rather than go into another recession, we will make the American oil companies sell our oil on the American market for under $4.
Just like ABC doesn't own the airwaves it broadcasts from, oil companies don't own the land or oil the are pumping. They are contractors. If we need we will pull a Hugo Chavez on them, rather than let them crash our economy again and make record profits and the CEO's get paid millions. Fuck that.
Corporations only exist in America if they serve the publics interest too. This is why free unregutated capitalism is a fairytale. One the GOP loves to tell.
If the oil market collapses, we will require the American oil companies to sell us oil for a fair price. In other words, all bets are off.
Much like ABC doesn't own our airwaves, oil companies don't own our land or oil. Not if it means the distruction of the American economy.
Enjoy being a surf renter slave
What spin! Under your way the rich got richer than ever and 10 million people slipped into poverty. And the middle class makes the same wage it made 30 years ago.
The GOP way produced a small rich class and a big working poor class. Don't you dare try to suggest our way produces that. Makes you sounds stupid. Your way the rich get richer but the worker is not valued at all. So you sent our jobs to china or hired illegals, flooding the market with people looking for work, on purpose because it would bring down wages. Omg, please don't suggest the opposite is true or I'll think you are a fucking fool.
Are you Rich, middle class or poor. If you aren't rich, you don't realize that a surf slave poor person is exactly what the GOP made us all over the past 10 years. Hows your home value? And the rich got richer. That was on purpose on the GOP's watch. Admit it.
Seems like 30 years ago when Unions made up 35% of the American workforce, wages and the middle class were booming!!! With unions decline, so have wages. No coincidence. But you call high wages for middle class people socialism. Clueless righties!
The big strong middle class existed because of unions. Because of social security and medicare. Because of labor laws. Because of the New Deal. Since Reagan the rich have been waging war on the middle class and righties still don't believe it.