Monday, August 4, 2008

Obama Ad About McCain Being In The Pocket Of Big Oil And Mitt Romney's Response

Here is the ad:

Here is Mitt Romney pointing out why the ad is "dishonest," and his strongest point is that "oil companies" are not allowed to donate to candidates:

Another point that is missed is that it is not as if oil companies are getting a free ride on taxes. The Wall Street Journal pointed out that if Exxon's "profits are at record highs, its tax bills are already at record highs too. Between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes, exceeding its after-tax U.S. earnings by more than $19 billion. That sounds like a government windfall to us, but perhaps we’re missing some...subtlety."


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