Obama's going to raise energy costs in the middle of a recession

The brilliance of the Democrats astounds me. If you raise taxes on a company they are just going to raise the price on whatever they are selling. That's elementary economics. Common sense a 5 year old should know. But yet Obama wants to end tax cuts to all the energy companies. Aren't the people already suffering enough? It doesn't matter that people are already stuggling to pay their oil, gas and electric bills. But now Obama is going to raise their taxes and in doing so going to raise the price people have to pay.

The White House calls for the end of nearly $40 billion in tax beaks for oil, gas and coal companies in its budget proposal released on Monday.

The tax effort is sure to prompt outcry from industry groups, which have long argued that ending the subsidies will stymie investments in domestic energy production.

The fiscal year 2011 budget plan calls for repealing $38.8 billion worth of tax breaks for oil, natural gas and coal companies over a decade, according to the White House.

President Barack Obama’s first budget plan a year ago called for cutting $31.5 billion in oil and gas industry incentives, including a repeal of the industry’s ability to claim a lucrative domestic manufacturing tax break.

But I wouldn't expect anything less from a socialist like Obama. The more the people suffer the more people like him like it. The harder it gets the more people will become dependent on the government. Once everyone needs to government for survival Democrats will never lose an election.