Talk About Corporate Welfare Taken to the Nth Power Under the Bushies

Also from AmericaBlog:

The Bush DHS is using tax dollars to subsidize a Fortune 500 oil company. Not kidding. ONE MILLION DOLLARS for a FORTUNE 500 refinery. That's what we learn from Department of Homeland Security Inspector General's report from February, 2006 (page 21):

For example, a Fortune 500 refinery received a port security grant in round five totaling almost $1 million for fencing and surveillance upgrades at a refinery located in a major port. It did put up the same amount in matching funds.

This company recently reported 3rd quarter net income in excess of $1.2 billion. We remained concerned about the absence of more specific guidance on security measures proposed by private companies that are capable of paying for them, and what measures they should pay for.

Now, which Fortune 500 company -- with 3rd quarter net income of $1.2 billion -- needed tax dollars to build a fence? The GOP loves corporate welfare -- but giving tax dollars to oil companies is a new low.