Do you remember in late 2004 when John "F." Kerry just started promising everything to everyone, and flat out making stuff up? Sorta like he did in Vietnam about "Jen-jis" Kahn? He never seemed to catch on to the fact that groups out there were fact checking the details of his exploits - particularly his more grandiose claims.
Given that - one has to wonder if Obama has swallowed some vitamin "F."
As Jake Tapper is reporting today for ABC,
Factcheck.org has fisked Obama's new "McCain had Big Oil give him 2 million dollars" ad, and found - surprise, surprise - its full of make believe.
I was asked about this new ad yesterday on Ed Morrissey's show. Something we all need to keep in mind is that as Obama is promising a "windfall tax" on "Oil Companies," you need to know in advance that he will not accomplish it.
Because you can't tax a company...
A corporation provides a good or service. They charge their customers - in this case the American people (at least those of which who drive) a certain price based upon the cost of what it takes to provide that good or service. This includes all "taxes" from the federal, state, and local governments said corporation is subject to.
The truth is they NEVER pay a tax.
You and I do.
Taxes "on" corporations are merely a line item in their budget that increases the cost to the consumer and always is passed on to the consumer.
SO...
If Senator Obama promises a "windfall tax" on "big oil" - what you need to hear in your mind is that he is PROMISING to raise the cost of a gallon of gasoline from say $4 to something like $6, or $10, or $15.
And we shouldn't have to pay more for our own energy - simply because Obama is an economics flunky... and not even a very sophisticated one at that!
Though I can take some comfort that Obama has at least - NOT "won" three purple hearts...