Millionaire Politician Defends Oil and Gas Subsidies (Video and Short Article)

**Question Starts at 1:40**

From the article:

Kelly’s defense of oil and gas subsidies is bad enough on the merits, but it is all the more troubling given that he owns up to $6.25 million in oil and gas companies.

MODERATOR: This question is from Joshua from Erie. How can you justify continuing subsidies for oil companies with record profits while cutting vital services for working families? Oil companies don’t need subsidies and working families shouldn’t have to pay for them with…
KELLY: First of all, let me just ask one thing. Is there anybody in here that has a pension? Anybody have a portfolio? I want you to very carefully look at those portfolios. Those are usually made up by profitable companies.
CONSTITUENT: Why are we subsidizing them?
KELLY: If you really want to understand the whole thing, I would say that, number one, we want companies to be profitable. I said earlier about the class warfare, if we’re going to start classifying, “they’re too rich, they’re too wealthy, they’re too greedy. We don’t get enough, we need more, and we need to have rich people putting more money in. We need, we need, we need, we need, we need, we need, we need.”

Reader Comments:

second chair: Top Commenter (signed in using Hotmail)  

Instead of hearing about the murder case in Fl. NO one cares about, why doesn't the MSM expose these stories? This topic is at the heart of America... but could it be the corporate media in bed with other corporations have an interest in 'No raised taxes?'

Matt Harris: Top Commenter

The media spent hours in live coverage of the trial in FL, but often spends NO time whatsoever on issues matters that affect all people -- it's really disingenuous to say the media practices journalism -- they are merely stenographers when it comes to news, and they are voyeurs of sexual behaviors. and they are gossip-mongers.
As a result, we all know more than we care to know about certain people and not nearly enough about what we should know about government.

Article at http://thinkprogress.org/green/2011/07/05/260558/mike-kelly-oil-subsidies/