Bush: "the oil companies need to be MINDFUL"...very Zen-like...

[Bluebear]

you oil-soaked PRICK.




WASHINGTON (CNN) -- President Bush on Friday rejected calls to tax oil companies' record profits, but said he expects those companies to re-invest those profits in alternative fuels and new energy technologies.

"My attitude is that the oil companies need to be mindful that the American people expect them to reinvest their cash flows in such a way that it enhances our energy security," Bush said.

http://www.cnn.com/2006/POLITICS/04/28/congress.oil/index.html

[Erika]

1. He's such a total bastard

He and his oil buds have taken us for a ride. Their families will be the elitists who will never have to work again. A total bastard and the biggest traitor America has ever seen.

[OKDem08]

2. This is our leader?

God help us.

[TomClash]

3. What kind of "freeper market capitalism" is that?

Aren't they supposed to invest their profits to benefit their shareholders?

Earth to Bush: you have to make them invest in exploration if they don't want to.

[converted_democrat]

7. You think that sucks?

What do you think about the billions we give oil companies in the form of subsidies for "research and development"? We've given them tens of billions of our tax dollars, and they turn around and keep the profits privately.. Now that sucks.. They socialize the cost, and then turn around and privatize the profits.. The Energy Bill that was just passed a few months back was loaded with pork for them, billions and billions of dollars all for them in a time that they are making record profits..

edited for clarity..

[SammyWinstonJack]

9. So lurking FReeps, what say you about this?

"They socialize the cost, and then turn around and privatize the profits. Had enough of this marinated in oil adm., yet?

[TomClash]

10. Who's disagreeing with you?

My point was that after seeking tax cut legislation for everything under the sun for years now he changes his tune and now makes this lukewarm, phony attempt at "jawboning" Big Oil into investing their windfall profits in exploration. Instead, he should go to the Hill to seek legislation to MAKE them invest those profits in exploration.

[bananas]

4. That gets my vote for post of the year.

[Bluebear]

12. :)

[charlie]

5. My attitude is that

a president should be mindful of his duties and decorum and not be a crass ignorant twit. Look what it got me.

[teryang]

6. Energy security?

is that what he calls it?

We are on the cusp of diaster. This phrase energy security implies that profits of the energy sector are a national security interest. That is exactly what his corporate regime's secret energy policy has been since day one.

Yet the huge amount of national capital being wasted on wars and the new arms race could have been used to make technology advances and capital investment in diverse alternative energy processes. The current corporate military political system is locked into policies that will inevitably produce more war and economic diaster.

[NewJeffCT]

8. Are you kidding?

They have been instituting massive buybacks of their own stock.

[Callalily]

11. Oil companies will

become mindful when it becomes profitable for them, so they can continue to line their greedy pockets at our expense.