Saturday, February 03, 2007

Hillary Lays Out Socialist Dream for American Companies

In a recent speech, Hillary Clinton showed her socialist stripes by declaring:
The other day the oil companies reported the highest profits in the history of the world. I want to take those profits and I want to put them into a strategic energy fund that will begin to fund alternative smart energy alternatives and technologies....
That's right. She wants to take the money from a legitimate private business and give it to the government.

As if the government can even compete with the private sector when it comes to research and development...

As if the government has any rights to somone else's profits! The oil companies, like any other company, is in business to make money. They take those "record" profits (record by dollar amount, not counting inflation) and do a multitude of things with it. Most of it goes back into the company for R&D. A lot of it goes to shareholders (that would be you and your 401k). And the remaining goes to employees.

Shrillary acts as if one or two guys are walking off with billions of dollars. She discounts the tens of thousands of people who work for those companies (and the families they support).

Oddly, we never hear about Democrats whining and complaining when their Hollywood buddies make record profits for movies and acting contracts....

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