O'Reilly: Rebates bad. Voluntary donations good; even though we all know they are never going to happen.
Obama suggests that a $1,000 rebate should be paid to all families and that this should be subsidised out of oil companies record profits.
O'Reilly thinks that this a bad idea because the country has a terrible deficit. Hasn't O'Reilly been defending the Bush administration whilst it ran up this record deficit?
Bill agrees that the oil companies have been "allowed [...] to prosper more than any other concern in the history of civilisation" and yet he thinks that any money they give back should be voluntary.
It's the maddest broadcast he's made in a career of utterly bonkers broadcasts.
He says he's concerned about the poor this winter, but yet he's not concerned enough to ensure that oil companies should be made to give money back as a matter of compulsion. I suppose that would be socialism in Bill's eyes. Let's see how the generosity of the market - that all powerful God that corrects all wrongs - plays out here.
He admits that calling the response from the oil companies to his idea "lukewarm would be kind". He was asking for 2% of their record profits.
Obama says they should be forced to hand over some of these record profits made, as Bill says, thanks to the generosity of "the nation that has allowed them to prosper." Their profits are in excess of $80 billion.
Bill wants it to be voluntary. Obama says it should be compulsory.
The oil companies have given their answer: "Out of my cold dead hand".
(PS. McCain is on the side of the oil companies.)
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