A Free Voice

The Truth about the Economic Bailouts
March 6, 2009, 3:14 am
Filed under: Democrats, Economy, Obama, Republicans, Stupid-government-regulation

The Democrats want to own the oil industry?

Yep. I guess this comes to no surprise to anyone that is anti-socialist, but the Democrats want the government to control the oil industry. — World Net Daily just reported that Democrat representative Maurice Hinchey said,

We (the government) should own the refineries. Then we can control how much gets out into the market.

Yep, let’s follow Hugo Chavez and nationalize oil. More government control? More bureaucracy? Let’s make a corrupt government more powerful. Anyone?— The government does not constitutionally have the power to do such a thing, nor should it. And apparently, many Americans don’t believe it should either.

A Rasmussen Poll that came out on the 16th of this month shows that 47% of us, the American people, are against it while only 29% are for nationalizing oil. The rest are undecided.

The Rasmussen Report also mentions,

Nationalization is the process by which the government assumes complete control of a private industry and its assets. It has been a common practice in totalitarian dictatorships.

Well, being private businesses, the government should have no say in these companies. — As a matter of fact, as far as the oil companies and government are concerned, they should both pretend that the other doesn’t exist. Collaboration between the two has been known to lead to twisted deals so that is the best way to deal with oil, besides lifting restrictions on drilling.  — And guess what! 67% of Americans are for more offshore drilling, and 64% say it will lower prices. The Democrats are against it.

I’m just going to say, besides not fixing the problem, nationalization would mean the government overstepping its bounds constitutionally because, let’s face it, the U.S. government doesn’t have that power.