MOsanthrope

Posted by Chris on May 1, 2006 at 3:53 pm.

Arianna Huffington has a good post up. You might drop by if you haven’t yet read it. Here’s the teaser:

Our oil-man president may want us to think that he’s shocked, shocked by the “large cash flows” of the oil companies, and the sticker shock drivers are experiencing at the pump, but even before Team Bush was dreaming of toppling Saddam, it was laying the groundwork for the gargantuan windfall the oil industry is seeing — starting with Dick Cheney’s secret Energy Task Force.

It’s not a coincidence that the oil and gas industries donated over $25 million to Congressional campaigns in 2004 (with 80% of that money going into Republican coffers), and another $7.2 million so far in the 2006 cycle (with 84% going to the GOP). They also doled out over $4.5 million to Bush’s 2000 and 2004 presidential runs.

And what did they get for their largess? According to Public Citizen, the top five oil companies have pocketed over a quarter of trillion (that’s with a “T”) in profits since Bush took office. Talk about a return on investment. That’s a gusher!

So for American consumers, payback is a bitch. And three bucks a gallon at the gas pump. The Bush administration has turned the White House into a full service filling station for Big Oil. And we’re the ones being forced to pick up the tab.

(Tip: Steve).

Filed under: Politics, Business, U.S., Economy