Hillary's Misguided Oil Solutions On The O'Reilly Factor

In this recent post, I wondered what Hillary would do as President to address the current high price of oil. As I quoted the Wall Street Journal, quoting Hillary's husband, Slick Willie, he alleged, referring to the oil situation,

"That's why we need Hillary."

Now, thanks to Bill O'Reilly's interview with Hillary this week on Fox News, we know just what Hillary plans to do. And, believe it or not, I correctly anticipated three of them.

First, she will levy a windfall profits tax on oil companies.

Nevermind that these firms are investor-owned. And, being large, are held widely by Americans of all stripes, via pension funds, mutual funds or just simple index funds like the S&P500.

So not only does Hillary plan to punish the average American who holds these equities in a 401K or retirement fund, but she will also disincent the companies to produce, because they will only have to hand over more money to the spendthrift Federal Government.

Next, Hillary plans to lecture, cajole and otherwise make a pest of herself with OPEC.

Nevermind that these countries have legitimate financial needs and plans of their own for their petroleum assets. Nor that they do not 'set' prices- that's done by the interaction of supply and demand for oil.

Hillary will just go over to the Gulf and make everyone see that they must do as she says.

Uh huh.

Then there's a lawyer's favorite weapon- lawsuits!

In order to curry even more favor with those countries which supply oil to us, Hillary plans to sue them for anti-trust violations, after having Congress pass legislation to make that legal. Then she plans to go to the WTO to pursue them there, as well.

Of course, this is the same Hillary who blames our current President for what she feels is an unacceptably low level of regard in which various foreign nations hold America.

So, that's it. Those are our wonk-who-would-be-President's proposed solutions for the current price of oil.

She's going to penalize American companies for finding, pumping and refining the black stuff. Then she's going to go overseas and punish the countries who supply us.

Sounds wonderful, doesn't it?

Does Hillary understand economics, or what?