With Newt Gingrich pretending he has a secret plan to slash the price of gasoline, and with the entirety of the Republican Party screaming "drill, baby, drill" and blaming everyone and everything except Big Oil for rising costs at the pump, this week President Obama decided lay out some pesky facts ... starting with the giant, oily elephant in the room:
... at a time when big oil companies are making more money than ever before, we’re still giving them $4 billion of your tax dollars in subsidies every year. Your member of Congress should be fighting for you. Not for big financial firms. Not for big oil companies.
In the next few weeks, I expect Congress to vote on ending these subsidies. And when they do, we’re going to put every single Member of Congress on record: They can either stand up for oil companies, or they can stand up for the American people. They can either place their bets on a fossil fuel from the last century, or they can place their bets on America’s future. So make your voice heard. Send your representative an email. Give them a call. Tell them to stand with you.
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