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Video: Romney Insists He Was Right About Allowing the Auto Industry to Go Bankrupt

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dog philosopher ஐஒஔ௸6/14/2011 2:00:02 pm PDT

re: #206 Buck

That would take a lot longer. However I will try. If you penalize an industry, just because you don’t like them then you risk them not doing business in your State, or even country.

As much as you seem to hate the oil industry, I am sure you know that the economy is very dependent on them. Much like the automobile industry in the topic. The oil companies are not asking for a bailout (which seems to me to be, in part, the confusion), just the same tax rules as any other industry.

And in fact you only give them your “hard earned tax dollars” when you buy something from them.

Letting them deduct legitimate business expenses from their earnings is not taking tax money from the government.

so if we don’t give oil companies a giant break on their taxes, we are “penalizing” them and taking a risk they will do - what, exactly? not drill for oil where there is oil? not sell petroleum into the biggest market for it in the world? what “risk”, exactly?

but if we take away subsidies for unemployed people and people who can’t afford insurance, that’s not “penalizing” them, or risking that they may leave the country and go someplace where making less than 50 thousand dollars a year is not treated as a moral failure?

why do giant companies need to be handled with kid gloves and given incentives, while at the same time republican politicians are screaming about how we “CAN’T AFFORD” medicare and social security?

why?