Tuesday, August 19, 2008

I wouldn't trust him to hold MY checkbook

I usually try to stay off the subject of politics. Usually. But Exxon just posted record profits for this last quarter...and the record profits are coming out of our pockets. At $4 a gallon, we're all feeding the Exxon appetite for dollars.

But I'm just curious. Doesn't McCain think that 11.7 BILLION dollars in profit for THREE months is sufficient? Does he for some reason think that they need more money?



A life of Assorted Nuts said...

Since we're a capitalist society, who's to say who can make how much money?

The tax revenue generated from gas sales are more than the profits the oil companies get.... I saw a number somewhere that said oil companies make 7 cents a gallon, and the government takes 11 cents a gallon.

I can list some big offenders. Just take a look at how much big named colleges get. You think big oil is bad.. what makes it worse is they pay NO taxes.

Yes, you can remove the tax break.. but you think that's going to lower the price of gas/oil? No. They'll raise the oil to make up for the removal of the tax break.

Instead of punishing people for making money, we need to stop using so much gas.

Smilingsal said...

Who owns the big oil companies? Stock holders--people like you and me (although I have no stock).

When the companies make money, the stock holders make money. It's the American way.

Still the best country in the world.

daisy said...

I hear what you're saying, but I'm looking at where all that money is coming from. It's coming out of the pockets of every American. Everyone who buys gas, takes the bus or a cab, every company who has to raise their prices to make up for fuel increases...everyone pays.

I'm looking at what it's doing to everyday people who are already stretched to their limits financially. Groceries have gone up because of it. The cost of transporting the food, the fuel costs for the farmer, all of those things contribute to higher prices. Wages certainly haven't gone up proportionately.

People said the same thing about Enron. How many stockholders made money there? I think there's a bigger picture here that people aren't paying attention to. Unless they're having to choose between spending money on gas to get to work or buying groceries. Or not paying bills. Then they see the picture a little more clearly.