SUBSIDY VS. GRANT - AN EASY EXPLANATION

Have you heard the left and even the right yowling about taking away the oil company "subsidies?" Here's an explanation of what a subsidy is. I believe the government is purposely redefining the term "subsidy." They are creating confusion over what the word "subsidy" has historically meant. A "subsidy" is something GIVEN to companies, like outright grants, a gift of money. That is what the green energy companies are getting right now from both federal and state governments. GRANTS, GIFTS, HERE IT IS, SPEND IT TO PUSH A POLITICAL AGENDA, GREEN ENERGY.

The oil companies, and hundreds of thousands of other big and small companies, do not get "subsidies" or "grants" for the production of fossil fuels. They get nothing more than accelerated depreciation, and the oil companies also get depletion breaks. The "subsidies" are nothing more than tax breaks, not gifts. And the government has forever used them to mold public policy like pushing wind and solar and green cars. By the way, ALL U.S. COMPANIES qualify for the depreciation breaks made available by tax law. And if you believe "these big companies do NOT pay their fair share of taxes," remember, Obama's pal, GE, has admitted they paid nothing. They took advantage of available tax breaks.

But Exxon oil, according to their first quarter filed reports, had a net profit of 10 billion dollars on 114 billion dollars in gross revenue. That is a profit margin of 9%, up very slightly from their last report. About 3% of Exxon's oil business is in the U.S. For every gallon of fuel they manufacture in the U.S. they earned 2 cents. That's not a typo. It is two cents. So while Exxon Mobile gets 2 cents from each gallon of gas, the federal and state governments take in between 40-60 cents in taxes. See who gets the biggest share of the fuel "pie?" It isn't the oil companies.

The real reason we have $4 per gallon gas and rising is the Feds printing money and monetizing the U. S. debt. That action, which I believe has never been done in the U. S., causes intense out of control inflation. That and the fact that Obama has virtually shut down oil production in the Gulf and Alaska. Do you remember during the campaign when Obama said because of his energy policies "energy prices would necessarily skyrocket." Looks like he meant it.

There is no one to blame for the price of gas except Obama and the Federal Reserve puppet Bernanke. But don't expect the increase in the price of fuel and food to show up in the "accurate" inflation figures coming out of Washington. In case you didn't know, the Washington number crunchers responsible for reporting the real inflation number don't include fuel and food in their calculations. What does that tell you about the accuracy and intelligence of the Washington calculators?

PELOSI THROWS "ACCOMPLISHMENTS" BASH - CONGRESSMEN NOT INVITED, THANK YOU!

On Wed. afternoon Witch Nancy threw a big bash celebrating the "accomplishments of the 11th Congress." It was held in the Cannon Caucus Room (We, The People, own that real estate), it was closed to the press, a curtain was hung over the open doorway so no one could see into the "party" room, and the invited guests were "advocacy groups." Politico asked who paid for the party, and the Pelosi camp refused to disclose the funders of the bash.

As reported on Bill O'Reilly tonight, there were no Congressmen or women invited. Only "ADVOCACY GROUPS." Call it what you want, but I call it PAY OFF IN A BIG WAY.

Since the party was held during work hours in a room owned by The Public, it seems reasonable that Nancy's employer (that's us) should be able to find out who paid for the event.

Hmmmmm, let's see - who could it have been? the TIDES Foundation? The Open Society Institute, ACORN, The Apollo Group, Think Progress, Factcheck, Snopes, GE, Google, Center for American Progress, AARP, AIG, GM, Chrysler, SEIU, George Soros? Oh, silly me - they're all "advocacy groups," basically one and the same.

And what are they celebrating? Only the most significant election loss in over 60 years!

And just last month it was the Demonuts who were ranting and raving about the "monetary influence of anonymous outside groups," namely the U. S. Chamber of Commerce.

What a two-faced double standard. And so much for "draining the swamp" and presiding over the "most transparent Congress" ever.

To the Californians who sent Pelosi back to Washington? Don't you dare come begging for a taxpayer bailout of the miserable financial condition your state is in. You continually get into bed with progressive socialists, you've made your bed time and time again, and now you can lay in it. You elect the same pathetic, worthless clowns and you get what you vote for.

JUST DON'T EXPECT THE REST OF US TO BAIL YOU OUT!