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U.S. Presidential Candidate Stewart Alexander: Oil Giants Price Gouge for Record Profits

by Lynn Lomibao Friday, Mar. 18, 2011 at 6:02 AM

Alexander is also proposing that working families receive a federal tax break for each family member traveling more than 20 miles round trip to work; Alexander say “these families should be permitted to receive a tax deduction or a minimum $300 tax credit for their entire annual fuel cost. As President of the United States, I would seek to make this retro-active back to January 1, 2011.”

Labor Candidate Alexander wants to invest $100 billion into electric car manufacturing

Stewart Alexander for President

Working families are rapidly changing their driving habits as gasoline prices approach the $4.00 mark, and there is no indication that gasoline prices will soon level off as the oil producing giants aim for record profits. The energy experts have attributed the recent price hikes to the unrest in the Middle East; however, many of the same energy experts admit that oil supplies remain high and the Middle East unrest has done little to disrupt the supply of oil on the world markets.

Presidential Candidate Stewart Alexander says “The oil giants are ruthless capitalists, having control over vast oil resources, supply and distribution, and holding an entire nation hostage at the pumps.” Alexander says government price controls have always failed to control gasoline price gouging because “the oil producers will cut supplies and limit distribution, as was evident in the 70s.”

The gasoline price hikes could not come at a worse time for working people. The economy remains in the worst economic slump since the great depression and as many as 22 million people remain unemployed nationwide. The incomes for most working families have dropped since 2008; and the economic policies that have been introduced by the Obama administration have all failed. Also, the higher fuel prices are creating higher prices for all consumer goods.

Recently, Stewart Alexander issued a statement that he would support the U.S. government investing as much as $100 billion into electric car manufacturing with the dividends being reinvested in jobs and providing for the needs of working people. “The nation is in an economic crisis and we need to take action now. In an effort to create jobs and to cut our dependency on oil, foreign and domestic, the nation needs to be producing electric cars. I would have a goal for a national production of one million electric vehicles annually by 2015.” Alexander is also proposing electric vehicle conversion plants to convert gasoline powered vehicles into electric cars.

Alexander is also proposing that working families receive a federal tax break for each family member traveling more than 20 miles round trip to work; Alexander say “these families should be permitted to receive a tax deduction or a minimum $300 tax credit for their entire annual fuel cost. As President of the United States, I would seek to make this retro-active back to January 1, 2011.”

It is unlikely that working families will see any relief at the pumps before 2012; it would spell disaster for Republicans and Democrats if gasoline prices remained high approaching the November 2012 Election; however, gasoline prices may climb over the $5.00 mark before working families receive any relief. Alexander says “For the next 10 months, the oil giants have declared open season on working families.”

For more information search the Web for: Stewart Alexander for President

U.S. Election 2012- Stewart Alexander: Obama’s Budget is a Plan for Austerity

U.S. Election 2012- Stewart Alexander: Obama Fails Jobs Report

SPUSA 2008 Presidential Candidate Questionnaire- Stewart A. Alexander

Article by Stewart Alexander

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