Screaming Profits for Big Oil
While you and I are cringing with every stop at a filling station, the big oil companies are raking in the big bucks.
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Congress Wants More Giveaways to Big Oil
Bush’s allies in Congress are using high gas prices as another excuse for massive giveaways to the oil industry. The Los Angeles Times reports that conservative “leaders in Congress announced plans to introduce new legislation or amend existing measures to bestow more tax breaks on the industry and provide other incentives left out of the big energy bill Bush signed into law in August.”
Read moreKatrina: Republican Excuse to Continue Regressive Agenda
With great fanfare, and recalling the “Gingrich Revolution” of the 1990s, House conservatives yesterday proposed a broad set of spending cuts they said would help offset the costs of the Katrina reconstruction effort. Their plan reduces the budget by $500 billion over 10 years, and does so in large part by dismantling programs that invest in middle- and working-class Americans.
Read moreTexas Rep. Joe Barton Finds Silver Lining of Katrina Disaster
In the wake of Hurricane Katrina, lawmakers of all political stripes have used the “political climate suddenly altered by the hurricane to try to advance long-stalled, sometimes controversial initiatives.” For example, Texas conservative Rep. Joe L. Barton is once again fighting to open up fragile coastal regions to offshore oil drilling, an idea that languished in Congress earlier this year.
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