Does Obama even realize what a wind-fall tax on Exxon-Mobile would do?

[Adinfinitum]

I am not sure

[Retired]

Is he that naive?

[dlk]

Yes he is that "naive". His economic policies WILL DESTROY THIS COUNTRY!!!! Thank God some of our Representatives in Washington actually have the knowledge and turned this bill down. OUST those who have really no clue on the impact that their bills will do to this Country.

[EdithB]

I'm thinking an understanding of economics is not his strongpoint. He thinks increased taxes are the answer to everything without understanding the real ramifications of the actions.

[BullandPig]

No, he doesn't. He just read out his cue-cards, as always.

[TT]

And you do? The people in Washington know more than we do, although it might not seem like it sometimes. So why not a windfall profit tax? How about incentives for alternative research and development, why can't the oil companies get into that business?

[cmdrbnd007]

He doesn't care, he's pandering to those idiots that will vote for him because he wants to tax the "EVIL OIL COMPANIES." It doesn't matter to them that the Oil Companies will just pass the tax along to us creating even higher gas prices.

[ugotthat]

I see questions like this and I wonder who is the more naive.

Obama who if elected has a massive deficit to worry about and all those Bush tax cuts, 2 wars and reckless spending that created it. That includes the tax breaks the oil companies should never have gotten in the first place.

Or the fools who naively voted for Bush cheerfully thinking yes we can have shiny new war toys, 2 wars and a new homeland security dept and don't have to pay a dime for it (no/low taxes). Ah homeland security what are they doing that the FBI, CIA, NSA, Secret Service, local & state police depts, national guard and military intelligence among others couldn't do?

Even the most economically inept person knows you can't make $4,000 per month and spend $5,000. But that's exactly what McCain who by his own admission doesn't understand economics is proposing.

We have a $10+ TRILLION debt that isn't going anywhere but up. So far all anyone has done is ignore it especially the Republicans who magically think it will go away by reducing revenue further? Now thats idiotic, naive, irresponsible and just plain stupid. A worthless dollar and poor economy is proof of that.

As an accountant I've yet to see anyone get out of debt by taking a pay cut.