Obama Proposes Another Band-Aid--Could B More Costly Than First One!!!

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Barak Obama has proposed another round of economic "stimulis" packages. He says he would pay for this by imposing a "windfall profit tax" on the oil industry! This would all be fine and dandy if it were possible! The main flaw I see is by making it less profitable for oil companies you set up two possibilities: 1)to offset the taxes the oil companies would just up the prices that they charge, yeah, you and me! 2)The oil companies would create an oil shortage of the magnitude that they created in the early '70s in order to drive independants out of business and get the government moving on the Alaskan pipeline, oh, and also drive prices higher! Here is what the plan entails: "That plan, which Obama outlined earlier this year, calls for a second stimulus package that would pump $50 billion into the economy -- $25 billion to the states and another $25 billion for infrastructure projects. His plan also calls checks of $500 per individual or $1,000 per household to offset higher gasoline and other energy costs. Obama would pay for those checks with a windfall profits tax on the oil industry." If you care to read the whole article, here it is: http://voices.washingtonpost.com/the-trail/2008/09/19/obama_calls_for_rescue_and_sti.html