LEADING DEMOCRAT Calls For Nationalizing Oil Industry!

Leading House Democrat Maxine Waters Calls For Nationalizing the Oil Industry

Rep. Maxine Waters did not specify if this would be before or after the government takes over health care.
Maxine Waters wants the government to take over the oil industry:

Link: sevenload.com


Here is the transcript of the exchange in Congress today with Rep. Waters:

John Hoffmeister from Shell Oil: I can guarantee to the American people because of the inaction of the United States Congress ever increasing prices unless the demand comes down and the five dollars will look like a very low price in the years to come if we are prohibited from finding new reserves and new opportunities to increase supplies.

Rep. Maxine Waters: And, guess what this liberal will be all about? This liberal will be about socializing… uh, will be about, basically taking over and the government running all of your companies.

The oil executives answered: “We’ve seen this movie before. It’s called Hugo Chavez in Venezuela.”
How absolutely frightening!
Democrats don’t even try to hide their socialist agenda anymore.

As HotAir noted- this little socialist gem did not get any major media attention today besides FOX News.

Can we call them socialists yet?

HotAir posted this video and more on the exchange earlier.
Astute Bloggers has more on the corrupt Democrat Waters.

Power Line posted the testimony of the oil executives trying to educate Congress on supply and demand.

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