Wednesday, April 02, 2008

Easy to Be Cruel

Big Oil is a massive Sitting Duck on the pond of government life. People see the prices rising at the pump, they hear tidbits about CEO's with golden parachutes and it makes for good politics for the Big Boys and Girls in DC to call these oil honchos on the carpet. I would agree, corporate compensation has been over the top. But likewise, they are the guys who end up carrying their heads after an especially vicious internal debate and they don't get paid that money for not having had any experience. Give the devil his due-these folks didn't just drop in on Exxon the day after getting their BA's. So for all the anger that the American public has for oil, oil pricing and such consider the following:
"Last year the big five oil companies made around $123 billion in profits. Pretty strong. But what was their profit margin? Around 9%. Same as the year before and the year before that. The politicians can't pander to the dumb masses by slamming profit margins ... so they play the dishonest game of slamming the gross profits, and the media lets them skate. They start talking about "windfall" profits. Tell me ... how is it a windfall profit when the profit margin is remaining effectively the same? Some windfall..."-
While you are at it casting stones, aspertions and innuendoes (and at the same time being politically motivated by an increasingly biased major media) consider the Big Who Else is profiting from increases in oil prices. And that Big Who Else are ALL THE TAXING ENTITIES including Your City or Town, Your County, Your State and Your Nation. All tax rates are based on a per dollar sale. So for all those people who think that this hurts our country, think again. It hurts THE PEOPLE, but all those taxing entities are flat rolling in dough. And by the way, that money isn't necessarily coming back home because the way of porkbarrel spending is that money goes wherever the head guy or gal says it goes. So look for those cushy public works projects to head to states that the Democrats need in November. And that means, boys and girls, we are going to end up paying $4.00 a gallon so that the DNC can win. How do you like them apples?

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