Carly Fiorina, John McBush spokesperson and CEO fired from her job at Hewlett Packard in 2005, just stated on CNN that taxing the windfall profits of oil companies, as Barack Obama suggests, would raise the price of gasoline.
"Windfall Oil Company Profits" are not a factor in the cost of gasoline, they are a remainder after the gasoline is produced and sold, and Ms. Fiorina appears to be paying homage to the long-standing Republican tradition of lying by saying otherwise.
In the twisted, fantasy business world Fiorina lives in (which may help explain why she was fired from her post at Hewlett Packard) reducing profits increases the cost of acquiring oil, and/or the cost of producing, marketing, and distributing gasoline.
Nope, it reduces the billions of dollars in profits that oil companies are making off the backs of everyday American citizens, but is not a factor in the cost of production or distribution.
Liars on the right... when will they stop?
Related: (Oil giants keep billions in tax breaks):
With oil companies receiving more than $4 for each gallon of gas they sell, Senate Democrats today tried to eliminate the $17 billion in tax breaks Congress has awarded them in recent years.
It also imposed a windfall profits tax.
But Republicans wanted nothing to do with either. In a largely party line vote, they blocked the Democrats' attempt to bring the tax issue to a vote, so it died on the Senate floor.
For the record, Republicans Kit Bond of Missouri and Sam Brownback and Pat Roberts of Kansas all basically voted to continue the oil company tax breaks. Missouri Democrat Claire McCaskill voted to kill them, the tax breaks that is.
"...if the choice is to do nothing, then I hope the people of this country rise up and scream like they've never screamed before," she said on the Senate floor. "How...dare us do nothing? That is what they're ready to vote on, saying, 'We're not going to let you proceed to do something about this problem.' It take a lot of nerve, Mr. President, it takes a lot of nerve."
"I'm from the Show-Me State," Bond said in a statement after the vote, "and you can't show me a time when raising taxes on something lowered its price or increased its supply. With $4 a gallon gas, we need real solutions that open up supplies of energy here at home and give American families the relief they need."
Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!