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Obama Slams McCain’s Energy Plan
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Aug 01, 2008 09:35am |
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| Category | News |
| News Date | Friday, August 1, 2008 03:00:00 PM UTC0:0 |
| Description | By Michael Powell
CEDAR RAPIDS, Iowa — Barack Obama took Exxon Mobil’s report of a record $11.68 billion profit last quarter and his own speech on energy policy and fashioned a rhetorical mortar shell aimed at Senator John McCain.
Mr. McCain’s corporate tax plan, he claimed, would yield $4 billion a year in savings for oil companies while his proposed federal gas tax holiday would pay for half a tank of gasoline over the course of an entire summer.
“So under my opponent’s plan, the oil companies get billions more and we stay in the same cycle of dependence on big oil that got us into this crisis,” he told more than a thousand people in a college gym here. “That’s a risk that we just can’t afford to take. Not this time.”
The Democratic candidate then turned to his own plan: A $150 billion investment over 10 years in alternative energies and fuels. (The funding of this plan is not entirely clear.) He counseled optimism, promising a transition to an economy based thousands of new businesses working on wind, solar and bio-fuels. |
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