Obama treats energy companies as the enemy

Mark Green:

Here’s President Obama, campaigning Thursday in New Hampshire, calling for a vote on higher taxes on America’s oil and gas companies:

“We can put every single member [of Congress] on record: You can either stand up for the oil companies or you can stand up for the American people."

Respectfully, Mr. President, this is no it’s-either-us-or-them situation.

America’s oil and natural gas companies are the American people. We support 9.2 million jobs, contribute billions to the national economy annually and provide $86 million a day to the U.S. Treasury.

Even in a tough economic environment, this industry is a job creator, provides stimulus and pays its fair share of taxes – and we can do more. With the right policies our industry could create 1 million new jobs by 2018 and 1.4 million by 2030, while providing an additional $800 billion in government revenue.  The higher taxes on energy companies the president wants? They’ll mean fewer jobs, less government revenue and less energy.

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There is more.

Pensions are major investors in energy companies that Obama is attacking.  Obama wants to tax oil companies, but he cannot explain how doing so will lower the price of gas.  That obviously is not his major concern.