Obama Likes Chavez’s Policies So Much, He Wants To Duplicate Them

J.J. Jackson* | May 15, 2008

Filed Under Barack Obama, Economy / Economics, Eyes on 2008, Liberals, Taxes and Taxation, The Democrats

Yeah, yeah, I know all you liberals out there hate to have to admit that Barack Obama’s policies mirror many of those by other leftists currently and throughout history but you’ll have to get over that phobia. Here is a nice summary of how Obama’s “windfall profits tax” mirrors that of his fellow traveler Hugo Chavez:

To compete with Hillary Clinton’s pandering on a gas tax holiday, Barack Obama proposed a windfall profits tax on oil companies of his own last moth. The Obama plan is not unlike the windfall oil profits tax passed by Hugo Chavez just two weeks earlier. Obama would slap a 20% tax on the cost of a barrel of oil above $80 for all domestic oil companies. Chavez tax hits only foreign oil companies and charges a 50% rate for the cost of a barrel of oil above $70. The difference between Hugo Chavez and Barack Obama is only a slight matter of degree.

But no … he’s no socialist right?

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