Another Idiotic Idea from Obama
ST. PETERSBURG, Fla. -- Barack Obama called for a $1,000 "emergency" rebate to consumers to offset soaring energy costs amid fresh signs of a struggling economy with the nation's unemployment rate climbing to a four-year high.
Sen. Obama told a town-hall meeting the rebate would be financed with a windfall profits tax on the oil industry.
Sure, Barack. Fight inflation caused by massive demand by giving people more money so their demand keeps up. And make sure you do it by taking away money from the oil companies so they can't reinvest it in obtaining more fuel.
Oh, and do it right after slowing demand has begun to cause price drops.
This guy is a pandering disaster.