Friday, March 11, 2011

Welfare Queens

According to Rep. Joe Barton (R-TX), if it wasn’t for government subsidies and tax breaks, the oil companies would go out of business.

“Over time if you put so many disincentives against any U.S. manufacturing or production company, or oil and gas exploration company, they’ll go out of business,” Barton said.

So bailing out General Motors and Chrysler is socialism, but giving huge tax breaks and incentives to keep Exxon Mobil afloat is good business?

Mr. Barton, you’ll remember, was the guy who apologized to BP last summer because the White House hurt their feelings by demanding they pay for the clean-up in the Gulf of Mexico, so you know where he’s coming from: the board room of Big Oil.