BP Dividends

So the news is out that BP 's dividends fund 15% of all pensions in the UK. In Obama's world that must be really evil. After all, these old folks are both British (so they were colonialists) and oil barons. We need to kick them in the ass.

The truth is that this statistic puts the lie to the "evil big oil" meme that the left trots out with regularity whenever energy is the subject of the debate. Major oil companies are owned not by plutocrats or robber barons; they are owned by pension plans, mutual funds, charities and countless individuals. Oh there are a few big holders who are wealthy, but the high dividends of these stocks make them preferred investment vehicles for investors like pensions that need steady, high returns. So, when the Obamacrats rail against big oil, they are really attacking the nice retired couple who live down the street. Sadly, the Obamacrats seem to actually be serious in their attacks, another manifestation of the left's ability to ignore reality.

We need someone as president who understands what is happening and has some plan for dealing with it. In other words, we need someone other than Obama.