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Sunday, March 04, 2012

Obama: Tell Congress To Stop $4B 'Giveaway' To Oil Companies

President Obama called on Congress Saturday to stop using federal dollars to subsidize the oil industry and put an end to a so-called "taxpayer giveaway."

Saying that every year $4 billion in taxpayer money goes to subsidizing the oil industry, Obama urged lawmakers to put an end to corporate welfare.

"I don't think oil companies need more corporate welfare," Obama said in his weekly address. "Congress should end this taxpayer giveaway."

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2 comments:

Anonymous said...

In other words, Obammy want gas to be even more expensive.

Anonymous said...

What is he trying to do this time because there are two reasons why he would stopped that one they don't have money to pay him or two he wants to do something pointless that would cause the US into a bigger debt.