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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: BW who wrote (11479)4/2/2003 9:08:02 PM
From: Bucky Katt  Read Replies (1) of 48461
 
On this date in 1980, the prime rate hit 20%...And this>

On this day in 1980, President Jimmy Carter attempted to soothe the nation's ailing finances by signing the Crude Oil Windfall Profits Tax Act. The tax came one short year after Carter eliminated controls on oil prices; the demise of these regulations sent oil profits soaring. With the economy mired in a prolonged funk, Carter urged Congress to create legislation that would take advantage of the oil industry's good fortune. And, the Windfall Act did just that: by 1990, the legislation had helped haul in roughly $227 billion dollars.

Always about the oil....
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