CNN’s Velshi Takes Shots at GOP, Oil Firms

The energy debate on the Hill could help determine policy and prices for decades. Just don’t expect CNN to report it in a fair way.

Instead, you get Ali Velshi, the ‘American Morning’ business reporter, taking swipes at energy companies and the Republican Party. While the GOP stopped plans for a new tax to pay for more Democratic goodies, Velshi said the Republican wasn’t “particularly sound.”

That’s OK, he also complained that the oil companies are “getting off free.” Apparently, Velshi, not always known for math accuracy, needs a tune-up when it comes to taxes. Oil companies paid an estimated $48.36 billion in income taxes in 2004. They also collect a similar number in excise taxes for Uncle Sugar.

After all, this is CNN, the home of Jack Cafferty and his wacko conspiracy theories about oil companies.