« I'm putting together my report | Main | I'd never seen the original »

In a breathtaking yet completely

In a breathtaking yet completely unsurprising piece of shamelessness on behalf of the Bush Oiligarchy, the "economic stimulus plan" rewards big businesses who choose to buy SUVs.


SUV tax break may reach $75,000

By Jeff Plungis / Detroit News Washington Bureau
SUV tax break
WASHINGTON -- President Bush's economic stimulus plan could triple the size of a little-known tax loophole that some small business owners are using to finance purchases of large SUVs.
One of Bush's proposed tax cuts would raise from $25,000 to $75,000 the amount small business owners -- including doctors, lawyers and financial advisers -- can write off when buying an SUV for business purposes.


Just yet another example of Bush paying back the people who bought him power.
And for those who still, still, still, still refuse to believe the upcoming Iraq war is about oil, there's this from business magazine Schlumberger

A War In Iraq Could Prove Boon To US Oil Service Companies
By Roy R. Reynolds

HOUSTON (Dow Jones) - A successful invasion of Iraq that topples dictator Saddam Hussein could leave the Middle East country rife with leadership issues, internal strife and loads of opportunity for the right business. After three major wars across the last generation and more than a decade of economic sanctions, experts say that Iraq's lucrative oilfields, which at 112 billion barrels of proven reserves trail only neighbor Saudi Arabia in size, are in dire need of foreign investment and revitalization.

That insufficiency could open a profit window for U.S. oil service companies - which perform duties from refinery design to the drilling of new wells.

[cut]

Several oil service companies declined to speculate on operations in a postwar Iraq, partly because the outcome of any war is pure guesswork.

But the opening of the country to foreign investment could help turn around doldrums in the oil services sector for companies like Halliburton Co. (NYSE:HAL - News), Schlumberger Ltd.(NYSE:SLB - News), Baker Hughes Inc. (NYSE:BHI - News) and BJ Services Co. (NYSE:BJS - News).


Dick Cheney's ex-company Halliburton keeps popping up, what a surprise!
Also of note: The Inquirer used good ol' Google to discover that the GOP are using spamming software to send pro-Bush form letters to every single newspaper in America. This is to counter-balance the thousands of real anti-Bush letters written by real people. Ah-ha...it's called fear, people.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)