Senate Democrats, who couldn't even get a peek of bin Laden's photo, nevertheless praised the courageous President for his guts and determination and pondered their own political opportunities. Not wanting to gloat over the underhanded passage of Obamacare and not really sure if they wanted to tout the virtues of the Dodd-Frank bill when it might blow up in their faces by making the big Wall Street banks uncompetitive in global finances they scoured the Drudge Report for news of any impending disaster they might exploit. Eureka! Gasoline prices were approaching $4. per gallon.
Immediately the CEO's of the 5 largest oil companies were summoned to a hearing to be scolded, scorned, and mau maued. Yes, it was time big oil paid its fair share. And what was its fair share? Unlike General Electric, the jolly giant of green energy who paid no US taxes these companies paid an effective tax rate of 47% in foreign and US taxes. The
Senator Chuck Schumer, whose largest coup-d'etat was the deliberate crashing of Indy bank in 2008 by pointing out its shaky balance sheet, oiled his way through the hearing and expressed outrage that Jim Mulva of Conoco Phillips had labeled the singling out of just 5 companies to bear the cost of double taxation as un American. About half way through the hearing I decided C-Span, although a godsend for greasy senators was a mixed blessing for its viewers and that Sen. Schumer was probably a child pornographer in an earlier life.