Thursday, July 31, 2008

McConnell: Bought by Big Oil

The DSCC has unveiled its latest website -- BoughtByBigOil.com. Here's what they've learned about Mitch McConnell:

Big Oil’s Big Investment in Mitch McConnell

McConnell Has Taken Over $649,000 From The Oil And Gas Industry. Over his career in the Senate, McConnell has taken $649,011 from the oil and gas industry.

McConnell Voted for $5 Billion Tax Break for Big Oil. In May 2006, McConnell voted to provide $5 billion in tax breaks to big oil companies over five years. This money could have been used to provide tax cuts to the middle class that were instead eliminated. [Vote 118, 5/11/06 ; Washington Post , 4/26/06 ; Center for Budget and Policy Priorities, 5/11/06 ; New York Times, 12/9/05 ]

Big Oil’s investment in Mitch McConnell has paid off, but not for you.

Oil Company Profits Since Mitch McConnell’s Current Term Began


Gas Prices Since Mitch McConnell’s Current Term Began


Since Mitch McConnell’s current term began, gas prices have risen from $1.48 to $3.90 per gallon while oil companies have earned over half a trillion dollars in profits. No wonder Big Oil has invested so heavily in Mitch McConnell.

McConnell’s salary may be paid for by the people of Kentucky, but he’s Bought by Big Oil.