Obama Contemplates Socialism

Obama plans to grab oil company profits

Would turn dollars over to states, green energy projects, families

Sen. Barack Obama announced today an "emergency economic plan" he wants enacted by this fall that would use oil profits to give every "middle-class" American family $1,000.

The full text of the plan is highlighted with subheads that read, "Take a Portion of the Windfall Profits from Big Oil and Put $1,000 in the Pockets of Working Families" and "Forcing big oil companies to take a reasonable share of their record breaking windfall profits and use it to help struggling families with direct relief." Read more.