As each day goes by, the economic ignorance of Barack Obama comes more into light.  Obama now proposes a windfall profits tax on the so-called “big oil”.  These taxes will be handed over to poor people.

"I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their skyrocketing energy costs and other bills," the Illinois senator said.

What?  I’m sure Hugo Chavez would approve of this, but what has happened to this country when income redistribution is being pushed.  It’ doesn’t matter what the opinion is and insane hatred of oil companies, having business profits taxed and redistributed to people who can’t manage their own finances is purely idiotic.