Bizarro World escapee Barack Obama (currently President of the United States) has called for an end to end $4 billion in subsidies for small companies that produce oil and gas for consumers, saying “You can either stand up for the oil companies, or you can stand up for the American people."
This latest effort to raise the costs of doing business on oil and gas companies is in response to the soaring price of gasoline in the United States, a development that will choke off the feeble recovery this nation has experienced under Obama's leadership.
Despite extensive research, it is still unclear exactly what Obama would cut that adds up to '$4 billion in subsidies', but based on past proposals Obama would likely cut out tax breaks that oil and gas companies receive for buying more efficient refining and industrial equipment, for creating and keeping manufacturing jobs in America, for costs related to repairing wells for safety, for encouraging more environmentally-friendly oil extraction, and for searching out and discovering new sources of oil.
Even though Obama pretends to support all of the stuff that the tax breaks go for, he doesn't like oil companies for some reason, and so he is going to make it more expensive for oil companies to do business in the hopes to lowering the costs of gasoline at the pump. If this makes no sense to you, you just have to think like Barack Obama and remember that up is down, good is bad, successful is wrong, laziness is a virtue, higher costs to produce somehow make a product cheaper, and demonizing others is okay if you're doing it but wrong for others to do.
President Obama though does not demand an end to all subsidies- only for an end for subsidies for companies that he personally does not like. Obama practices crony capitalism, whereby companies that give him political support in the form of campaign contributions get large subsidies, and companies who give money to his opponents (like the Koch brothers) are demonized and attacked. In the game of political power, President Obama intends to win so that he and his family and supporters and friends can benefit financially. Oil and gas companies oppose him because they want to provide cheap energy for poor people and manufacturing while making profits that are then distributed to shareholders and investors and they see Obama's policies as running counter to these ideas, and for their opposition Obama attacks them. So-called 'green companies' on the other hand cough up money to him and so receive substantially greater subsidies.
To wit, from John Hinderaker at Powerlineblog:
In this coming election, the left-wing that has seized control of your parent's Democratic Party is going to try to make this election about how Romney is successful, about how Santorum has good moral values, about how conservatives want people to pay their own way in the world, or about how some people make money providing cheap and efficient energy. They are going to make these things into bad things, and then make you feel bad if you write that they are actually good things, and they are going to pressure companies and individuals to say what the political power wants them to say. You are going to have to ignore all of this, and instead vote against tyranny- you need to vote Republican in the coming election and send Barack Obama back to Bizarro World where he belongs.