In Conjunction with Ed Ingold
The conversation then shifted to the basis for the President’s continual barrage against “subsidies for the big oil companies.” The oil companies in question pay billions of dollars in fees and taxes to the US. The so-called “subsidies” are tax deductions related to the cost of doing business, and their elimination would add little to the treasury.
According to Beckel, the President hammers them, not because the charges are true, but because people believe it. This is Realpolitik in it’s most cynical manifestation (http://en.wikipedia.org/wiki/Realpolitik). It explains, at once, so many of the talking points used by the President and his supporters.
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