Confounded

Barack Obama is going to solve the 4 dollar gas problem, but I'm a little bit confounded by his proposals to do that. First off, he's going to levy a whopping huge tax on the oil companies. Sounds good, but companies-all of them, pay taxes out of their revenues, which means any tax increase gets paid by you and me through higher gas prices at the pump. Oh yeah, the tax Obama is talking about is a windfall profits tax. I remember now, that's exactly what Jimmy Carter did in the '70s. It was a catastrophe. When the government tells companies they can't keep their profits the companies just stop trying to make any. And that's what happened in the '70s. Oil companies put a limit on how much they were willing to sell and we had two block long gas lines all over America. I guess Obama is too young to remember that.