Apparently, today President-Elect Barack Obama backed away from his campaign promise to impose a windfall tax on the Oil Companies. While we can appreciate his motivations with oil prices this low, it breaks from very basic tenets of his plans for alternative energy and a cleaner environment. Once again, it is money driving the forces of change, not Obama.
This is exactly the type of concern explained clearly in this article about Obama’s campaign.
We will begin the list of failed campaign promises and retain them on our site. Here is our first, and he didn’t even wait to actually become President.
1. Windfall Tax on Oil Companies abandoned.