Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Sunday, September 20, 2009

“If you thought health insurers hated Obama, it ain’t nothing compared to the reaction by Exxon Mobil”

By GottaLaff



Just you wait, Prez Obama, just you wait...

If a letter from a presidential aide is to be believed, President Barack Obama is set to make an audacious call to end fossil fuel subsidies at the United Nations on Tuesday.

A letter (PDF) from Michael Froman, an aide to Obama, setting out the White House’s climate change priorities ahead of the Copenhagen summit, states that “eliminating fossil fuel subsidies would help energy markets work better and improve our energy security.”

That leads DailyKos blogger RLMiller to conclude that Obama “will ask the G-20 countries, including our own, to end the hypocritical practice of billions of dollars of subsidies to dirty, carbon-emitting fuels while preaching to developing countries about their carbon emissions.”

Yay! http://manmadequilts.com/A101.gif

But the move will likely place the Obama administration at odds with some of the world’s most profitable companies. As DailyKos’ Miller writes: “If you thought the health insurers hated Obama, it ain’t nothing compared to the reaction by Exxon Mobil and pals!

What?! Spit take

To get serious for a moment, the impending dirtbagginess from Big Oil will make the smears and fear mongering in the health care reform fight look like child's play.

I've gotta hand it to the president, he's either fearless or, as he has stated, is so determined that re-election is secondary to his willingness to put himself on the line for what he believes is right for the country. Or both.

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