Wednesday, July 16, 2008

Whither Obama?

The linked blog brings up some of the doubts that are arising the longer this campaign persists. While there are some issues presented with McCain, Obama has been so hyped by the Democrats that the idea that he has weaknesses is almost alien. I think that's why you are seeing such shock demonstrated in the media regarding his recent statements.

What Does EXTRA----mean?

It used to be that extracurricular activities went on outside of school hours. That's pretty much the definition of the term. Now, coaches in the state of Texas want to make sure that student athletes can get credit for all four years of athletics. They site the danger of attrition if this doesn't happen. Really? Do you really have athletes dropping out of varsity football to take APFrench? I mean, it could happen, and I know kids who are in athletics and advanced courses, but is this really necessary? I think what bugs me is that this goes into the whole erosion of the class load. Right now in Texas students are required to take four years of the four core classes, plus economics, government, health, fine arts and two years of foreign language. That's a pretty full plate especially if a kid has to backtrack a couple of times. So why are coaches doing this? In my experience, coaches get hired first and fired last. Is there really that much danger of a coach losing a teaching job? Our AAAAA team has 75 students and TEN ASSISTANT COACHES!!! That's a 1:7.5 ration. Compare that with the average English class that has 32 students and the differences are amazing and appalling. I hope the TEA doesn't buckle on this because this smacks of being just another jobs program for coaches. They get precedence already, they don't need this ruling.

Tuesday, July 15, 2008

And We're Supposed To Teach Their Kids

This story deals with a robbery. The 41 year old robber goes in to rob the Pizza Patron. He slaps a 17 year old, who was bigger than him. The kids goes nuts, knocks the guy out and starts wailing on him, when the other clerk says "Stop, that' s my dad." Yes, here's a girl who is working to earn money and deal old Dad and Mom are casing the joint for robbery. What is it that these people don't get? And now do you see why teaching is becoming so difficult, when we have parents who have no standards or ethics or morals and yet we are supposed to drag these kids to literacy in spite of their parents. Sheesh!

Sunday, July 13, 2008

Tony Snow

It's with much sadness that I heard of the death of Tony Snow. He was only 53 and at the top of his game. No matter what your political views, Tony was always informed, genial and ready to talk. What I found truly appalling was the number of idiots who took the opportunity of his death to vilify him. There are people I don't like in this world, but I doubt very much that I would take the time to virtually dance on their graves. I hope his wife and kids didn't see some of the postings. In fact, the comments section of the Washington Post was removed, probably due to this travesty. Shame on you. I understand political differences, but I truly do not understand the kind of rabid behavior espoused by some political groups. I know I saw the same type of venom after 9/11-largely from California based PAC's. It's really ironic that Obama claims fear of a swift boat type action, but Moveon.org has been creating this type of politicial disinformation since Bush got in office. It makes it so much clearer why I cannot be a Democrat.

As for Tony, he lived a full life, saw a great deal of the world and loved his family first and work second. He died too young. Rest in Peace. Condolences to your family.

Tuesday, July 08, 2008

Your Democrat Congress @ Work

Last time elections rolled around, there was the overall feeling by the voters that they needed to cast off the Republican party. They didn't do it because things were bad, but instead because the media and the DNC told the American public they were bad. In the two years since the Democrats have taken the reins of Congress, precious little has been done in the way of creating progress. Pelosi is bottling up legislation that could make domestic drilling possible which in turn would eventually lower some of the cost of living. Instead, they are promoting only alternative sources for power. Never mind that the social elite, like the Kennedys, don't want their scenic horizons marred by wind generators. Instead they want them invisible, which of course means, out west. I am not sure how they are going to reconcile PETA's designation of wind turbines as detrimental to bird life. Likewise, we cannot use nuclear because of a move twenty years ago. We can't use hydroelectric power generation because of environmental PAC's that don't like it. Instead we are supposed to use the fluctuation nuances of wind power-which dies in the afternoon during peak usage, and solar, which isn't potent enough to generate power for more than an incremental amount of what we use. As for those electric cars, still limited by battery capacity and the hybrids still use gasoline. Here's what the Democrats have done for you. They have forced corn based ethanol, using bad science from Brazil's sugarcane based ethanol. They have bought votes from key farm states via subsidies. The results are that animal feed is higher, meaning all animal products from meat to dairy are also higher. Don't kid yourself, this isn't accidental. Part of the world wide green intiative is to cut meat consumption. I have even heard lectures on the news about how we are supposed to consider how much water it takes to produce food before we buy it.


I DON'T KNOW ABOUT YOU, BUT I AM PRETTY SICK OF RICH, SELF-CENTERED IDEOLOGUES

TRYING TO RUN MY LIFE!!!!!


"...The percentage of voters who give Congress good or excellent ratings has fallen to single digits for the first time in Rasmussen Reports tracking history. This month, just 9% say Congress is doing a good or excellent job. Most voters (52%) say Congress is doing a poor job, which ties the record high in that dubious category.

Last month, 11% of voters gave the legislature good or excellent ratings. Congress has not received higher than a 15% approval rating since the beginning of 2008....:

Full Article Here

Friday, June 20, 2008

Scandal Brewing OR Who's Under the Bus This Week

The media has given a free pass to the Democrats by and large because the president and Republicans in general were a more popular target for venom and ridicule. So here we have this economic situation fueled largely by dropping dollars from the mortgage "crisis" (did you ever notice how every liberal issue is a "crisis"?) Anyway, where is the outcry in the media about these stories? They go very high up in the DNC echelon and hardly anyone is giving them page one treatment. Where's the angst folks? Where's the accusations and calls for censure? Pay special attention to the very close alliance between current and former Countrywide executives and the Obama campaign. Heck, one of them is vetting potential VP candidates. *pensive" Do you think that the views potential candidates have toward litigation of the folks involved with subprime loans will play into who is chosen? Just wondering
Story One
Story Two
Story Three
Story Four

Saturday, June 14, 2008

About Eggs

(Cross posted at N.I.C.E.)
Remember when you were nine or ten and you sent away for the packets of seeds or greeting cards to sell? Remember how reluctant neighbors and relatives were to buy those seeds? But you had already made PLANS. You were going to buy a horse or travel the world or get a new mitt. You mother at some point told you
"Don't put all of your eggs in one basket." meaning that you can't assume that because something is supposed to work out one way, that you can insure it will work out that way.

Now consider ethanol. Our Congress has virtually forced corn based ethanol down our throats. Never mind that it was based on erroneous assumptions that we had endless supplies of corn. Never mind that the model it was based upon used more efficient sugar based ethanol. Never mind the way it slows down the refining system with the way it has to be handled. Never mind that corn is a source of animal feed and as such has forced the prices on all animal based food items to rise precipitously. No let's just go on our merry way and assume that because we are nice people and think good "green" thoughts, everything will be hunky dory.

Well boys and girls, everything is NOT hunky dory. In fact, with the recent rain and flooding, corn crop projections are lower. Do you think the good farmers and farm corporations are going to say no to ethanol subsidies? Do you think Congress will back away from keeping the likes of Al Gore and George Soros happy? Of course not. So read the story below and start finding a way to grow, hoard or otherwise obtain your own food because unless something changes soon (and not in the political acceptable way) food is going to skyrocket.

Story here.

Friday, June 13, 2008

New Blog

Because I have gotten fed up with the nonsense coming out of the minds and mouths of our elected officials, I have decided to start another blog for discussion of removing incumbents from office. When our founders were deciding who would govern, I am sure they didn't have in mind that anyone would willingly stay in office for an entire career. The system was designed that individuals would do their public service for awhile and then go home. What is missing from today's political scene is the going home part. How do we have anything remotely resembling true representative government when we have folks like Senator Byrd, who by all accounts is very feeble and only conducts subcommittee meetings with the oversight of his aide, or Ted Kennedy, who hasn't been coherent for years even before he became ill. It was never meant to be a lifestyle. Yet our elected officials get health care, retirement and other benefits that most of us can only dream about-and it's all on our backs because we are footing the bills. I will try to post timely links to articles supporting the premise that ALL incumbents need to go home. Right now much is made in the media of how low President Bush' rankings are, but few people know that Congress, the Democrat controlled Congress, has much lower rankings. They are doing nothing to benefit anyone but themselves and their cronies. So give it a look-see, the link is in the blog title for this article.

Thursday, June 12, 2008

Who's In Your Corner (Not!)

You can turn on any newscast and the top story is the economy. The corollary story is the price of oil. Supposedly, people think the President has the power to "do something about the price of oil." Not so. The Executive branch can only act upon laws and bills passed by Congress. So what has Congress done lately to lower the price of oil? If the price is based on supply and demand, you would think that the reduced demand, as cited in the news, would help. Not so-the supplies were lowered by foreign producers to keep prices high. So the next step would be to increase domestic production. But the folks who are running the committees in Congress are now headed and filled with appointees from Pelosi and company. So what did the Congressional subcommittee do for you yesterday? They denied any drilling for oil of of Florida. But that's just for AMERICAN companies. It seems that Cuba, China AND India are all drilling from the same oil field just outside the 50 mile line from shore. The rest of the world is profiting from OUR resources, and then selling them back to us for a profit. The Democrat controlled Congress has done NOTHING to stem this, they insist on following a tangential line of quasi-environmentalism that is leading us to deny our own citizens a safe lifestyle. The case could easily be made that if, as many liberals contend, the war in Iraq was for oil, then what policy forced us to be so concerned about keeping safe our energy supply? In short, would we be in Iraq if environmentalists had prevented using our own coal and oil? And remember, while people can point fingers all they want at the White House, it's Congress that calls the shots. Oh, and by the way, the vote broke down by parties-Democrats opposing drilling, Republicans supporting it. Who's in your corner, really?

China Drills While Congress Piddles.
Subcommittee Rejects Drilling

Tuesday, June 10, 2008

Everything You Know Is Wrong.

It's funny how politicians predicate their fortunes on what they perceive as a stable and unchanging economic fortunes. They assume that the poor folks they champion today will always be poor, and that the rich folks they villainize will always be rich. Well that's not exactly true. It seems that of men born in the bottom 25% of income, 32% of them end up in the top 25% of income. And vice versa. The Romans used to have a goddess called Fortuna, who was to be appeased for her flippant ways. Perhaps politicians would do well to recall that those they help now, may curse them down the road for punitive taxes.
Story here.
Excerpt-or how to be a high income wage earner:
"1. High-income households are not likely to consist of one person earning a very high income (as is often assumed); rather, they are likely to have two or more income earners:
-In 2006, a whopping 81.4 percent of families in the top income quintile had two or more people working, and only 2.2 percent had no one working.
-By contrast, only 12.6 percent of families in the bottom quintile had two or more people working; 39.2 percent had no one working.
(This is Important)-
The average number of earners per family for the top group was 2.16, almost three times the 0.76 average for the bottom.

2. Census data show a large difference in full-time work and in the number of weeks worked in a year.
-Less than one-third of families in the lowest quintile had a head of household working full-time; in the top quintile, more than three-fourths of families did.
-Thus, average families in the top group have many more weeks of work than those in the bottom and, in the late 1970s, the 12-to-1 total income ratio shrunk to only 2-to-1 per week of work, according to one analysis.

3. Workers tend to start out at a low income, increase their earnings with experience, and then have lower incomes late in their careers or in retirement. For example, peak earnings typically occur in the 35-to-54 age group. However:
-In the bottom income quintile, only one-third of households are headed by someone 35 to 54; whereas, in the top quintile, more than half of household heads are in that age range.
(I want you to consider seriously the large number of single parent families in certain demographic groups AND the much earlier age of first pregnancy for those single mothers-THIS more than anything is a predictor of poverty.)
-The bottom group also has a much larger proportion of household heads more than 75 years of age — 11.5 percent versus 2.3 percent for the top group.
(This is also the result of drug/alcohol abuse that has left many grandparents in charge of raising grandchildren. So the sex and drug revolution did produce some casualties.)
-The bottom also has more young heads of households ages 15 to 24 — 10 percent

So, if you want to be wealthy, get an education, don't do drugs or alcohol, and don't have babies out of wedlock. Gee, where have I heard this all before?

Monday, June 09, 2008

It's Not Easy, or Cheap, Being Green

An interesting break down of what Texas would have to pay in terms of higher costs for energy if certain measures make their way through Congress is Here.
The entire study is HERE
Just keep these number in mind when you vote.

Rewriting History

One of the scariest aspect of political correctness is the rampant attempt to force errant facts into the mix. Facts, as they say, is facts. Yet folks like Spike Lee play fast and loose with history and try to shape it into their own image. If this were a movie about the Buffalo Soldiers, it would be ridiculous and out of place to have Anglos, Hispanics and Asians in roles that they did not fulfill during that time in history. During WWII, like it or not, American forces were largely segregated. A majority of the soldiers who fought and died on Saipan, Iwo Jima and other islands in the Pacific were anglo. That may not go down well with Spike Lee, but once again, it's either factual or it's not. By the way, Lee's own racial tunnel vision is open to view because he failed to acknowledge one of the Iwo Jima heroes, Hayes, who was Native American. By the way, how many non-stereotypical, rhythmless anglo people has Lee featured in his recent epics? Isn't stereotyping a kind of racism? Where are the non-smart Asians and the legal upscale Hispanics in Lee's movies? I guess it's easy to throw down with someone who is forty years older than you, but when it comes to brass tacks, Lee, you don't have a clue what fairness really is.

Sunday, June 08, 2008

Conquered From Within

In the bad old days of the Cold War, Moscow claimed that they would never need to use nuclear weapons, because they would ultimately conquer us from within. Likewise, the capture of American captives pushed Americans to vote Jimmy Carter out of office due to his lackluster attempt to deal from a position of equanimity rather than dealing with the preservation of the United States as his goal. So witness this spike in oil prices
HERE
Ask yourself a few questions-
Who is raising the prices?
Answer: speculators, foreign investors and producers-this is obvious because although consumption is dropping the prices continue to rise. As I have stated before, this is just the commodity equivalent of the flipping of real estate that precipitated the mortgage situation.
Who benefits from a weakening U.S. economy?
Answer: China, India, the Middle East, oil producing nations and Europe. By the way, someone might want to enlighten them to the legend of the "Goose and the Golden Egg."
Who bears the burden of cost?
Answer: American taxpayers
What could be the ultimate goal?
Answer: A crash on the American stock market with the goal being to overtake us economically, from within.
Who bears the burden/blame for opening our borders without imposing tarriffs and insisting on trade equivalence?
Answer: Washington-from Executive branch to the Congress they have opened our borders via NAFTA, they have refused to impose limits on illegal immigration which erodes our per capita resources. Someone needs to tell them the story about "The Emperor's New Clothes" and "The Little Red Hen".
You may think I am weighing in as an alarmist, but when you see the amount of investment in American companies by foreign investors, there is ample cause for concern. Congress can point fingers all they want at the White House, and there are reasons that the Executive branch has failed to stem this situation, but Congress has had a one party majority for TWO YEARS. And in that time they have done nothing to help develop companies and the related jobs on our own soil nor have they allowed Americans to find and use domestic resources for our own welfare. Isn't it about time we stop the beauty pageant nature of this campaign and start demanding some serious answers that don't involve smoke and mirrors?

Wednesday, June 04, 2008

Crazy Much?

This guy obviously has some beef with his employment, but if this wasn't just a staged stunt, I wonder how close we were to seeing yet another in a series of workplace assaults. Frankly, I am surprised that it doesn't happen more often, especially in school settings. Strange days indeed.


http://view.break.com/513310 - Watch more free videos

Thursday, May 29, 2008

Grade Fixing

This isn't the first time that a prime athlete from a championship level high school team has had the path made smooth for them and it probably won't be the last. What I find troubling is how many administrators allow coaches to bully teachers into changing grades for star athletes. Many of these students are recognized for the athletic ability early in middle school. From that point on, it is a struggle between the easy life of allowing the system to cover or the real educational experience where you win and lose on the field and in the classroom. What is more problematic still is that the teacher who made this public had taken reasonable action to allow the student to bring up his grade, but the student seldom attended class. After the teacher returned the grade to a failing level, the student was moved to another, probably more amenable, teacher. A former English teacher from this same school confirmed this complaint and a petition of twenty teachers have met with the Dallas ISD officials for quite awhile to make this situation change. But in the end, due to site based management, administrators have a great deal of power in saying who will stay and who will go. The teacher that made this story public is going to see his job eliminated by, you guessed it, the administrator-Mrs. Dixon-who supported and instigated much of the grade changing. I know it seems like I am beating the same old drum, but people at some point we have got to stop glorifying athletics over academics. We aren't doing these students any favors by passing them up the line because at some point, their eligibility runs out. And without job skills, they will end up the walking wounded that haunt crack houses and show up on "Cops". I kid you not, I can see the writing on the wall with some of these students. It's pretty scary.

Monday, May 26, 2008

Educating Homeless Children

There is no question that our poorest children are not well served by our society. If their parents are well enough to have a job, the children often end up cycling through schools, relatives and addresses and the result is there is no continuity in their educational experience. It used to be that parents would try to stay in one place for most of their children's school years because of the old addage "Give your children roots, and wings!". These days, we have parents who think nothing of burdening very young children with the adult responsibilities of feeding, clothing and housing the family. This is the reason so many children drop out of school, to work. But in doing so, they also leave behind huge opportunities to learn life and professional skills which will help them avoid the pitfalls of homelessness. So in the linked story, Chicago schools are proposing to create boarding schools for children from homeless families. Right now there's a great deal of outcry regarding putting a wedge between parents and children. That is a concern. But what bothers me much more is that schools are already in the position of feeding, providing health services and providing after school care, so how much more can we provide or should we provide? I can see that there are economic concerns about providing housing and services for children, but on the other hand, aren't we practically doing that now?

Let's look at the positive side. Without having to strive to provide housing, meals and clothing for their children, homeless adults can get on with the business of healing and finding meaningful, sustaining work. And without having to shift schools on a whim, our poorest children will have the educational opportunities afforded by having a stable living situation. While this is definitely a solution that must have the bugs worked out, with the sword of AYP and NCLB, our schools have to demonstrate that ALL populations are improving. Sadly, that simply will not happen if children are relegated to homeless shelters with parents who cannot or will not take the necessary steps to improve their lives.

Wednesday, May 21, 2008

Our Demanding Society

The basic laws of economics centers around the
concept known as "supply and demand".


For example, let's say you really like Chocolate donuts, and in fact everyone you know likes Chocolate donuts. If there is only one donut shop in town (which in fact would be a local monopoly) they could charge five bucks a donut if they wanted, because there was no other way to get scrumptious, delicious, warm chocolate donuts. Now let's imagine if in this same town, a SECOND donut shop opened up. They could set their price at four dollars, which would still be high, but lower than the existing shop. The other shop would lose business and be forced to LOWER their prices in order to stay competitive.

Later on down the road, a corporate bakery makes donuts by the dozen, lowering prices because now chocolate donuts were plentiful and even though the local donuts were more expensive and probably tasted better, people were willing to take a lower quality product to save a few bucks, just so long as they had the appearance of being people who could afford chocolate donuts. The local stores would downsize or close due to the overabundance of donuts, allowing the corporate bakery to make ALL the donuts for the area. But with rising costs of retirement, insurance and disability, the corporation found itself top-heavy with overpaid management and overpaid line employees. So to save the brand at all costs, the company would fire domestic employees and move the entire factory overseas-where the managers would still get hefty incomes, but the line works were paid in dollars per week instead of dollars per day. The citizens still wanted to have those desirable chocolate donuts, but now in order to keep a profit for stockholders, the company has eliminated jobs that allow money to return to the economy.

On top of that, let's assume that Congress, concerned about the increasing girth of its citizens, decides to limit the number of yummy chocolate donuts that can be made in this country. Now imagine that a factory in Indonesia makes really cheap chocolate donuts. They could sell them for a dollar a DOZEN. That would drive out the local shops and corner the business with lower grade, cheaper quality chocolate donuts. Add that the dollars would only flow OUT of the country, creating an economic vacuum. They would outsell the American corporation, buy them out and before you know it, the only thing Americans have to show for their trouble is way too much of a belly from gorging on chocolate donuts. The only solution to save the economy is to permit chocolate donut shops to open and produce the SUPPLY that the public DEMANDS.

Now let's talk about gasoline. It comes from oil. A barrel of oil yields just about 17 gallons of gas. And that's before the spa style additives demanded by certain states. Believe it or not, we have oil resources in our national territory, but we can't access it. We can't even think about accessing it. And furthermore, if you read the web, we should feel virtuous for not allowing American countries to access American resources for the benefit of the American public. Who is running this show anyway and who is in their back pocket?

While I do think that corporate honchos are getting far too much compensation for what they actually do, and while there are probably layers of management that could disappear tomorrow without ill effects, the key issue to gas prices is SUPPLY AND DEMAND. Corporate profits have remained steady. You hear the astronomical numbers of gross income, but not the facts regarding the increased cost of everything from exploration to transport. Our economy demands oil and gas. And whether you like it or not, that's not going to change very soon. For all of the pie in the sky promises, there are few meaningful alternatives right now. You can talk electric hybrids, but there are still questions about the environmental impact of the batteries, and you can talk electric cars, but if you charge a car using conventional power sources, you are using coal or natural gas-both questionable sources in terms of the environment. We can't build nuclear, we can't harness enough wind or water power, we simply don't have a viable delivery system for biodiesel or other sources. In short, we are left stranded by the same Congressional do-gooders who claim to have our best interests at heart. Our Congress has patted themselves on the back for limiting exploration off of Florida, off of the West Coast, the East Coast and Alaska. Never mind that Castro and his friends are there pumping away to have oil that will be refined in Venezuela. There comes a point in time where you have to put aside your petty bickering to look at the greater good. What good comes of $4.00 per gallon gasoline? What good does it do other than make those who struggle even less able to survive. If you answer that it makes people use mass transit, then you are a self-centered boob. While it may allow some to consider those options, how many more will it limit in terms of their ability to hold a job, go to school or get medical services? It's time to be big boys and girls and allow limited drilling in ANWR, and on the coasts. And it's time to remind those folks in Washington, who's boss.

Thursday, May 15, 2008

The Danger of the "Over-Promise"

Most businesses, especially sales, will say that in order to keep customers happy, you don't over-promise. You don't promise things sooner than you reasonably think they can get there or you run the risk of making the customer mad. I am betting there's not a single person out there who went to a one hour photo booth and didn't expect their photos in sixty minutes. One of the biggest gripes people have regarding businesses these days is the lack of customer service, and disappointment over delivery, specs and such play into that.

So....
Witness the Democratic National party line where they are promising virtually everything to virtually everyone. Because of the image of the DNC as the Big Umbrella party, their party platform must address every single demographic minority's view in order to maintain the perilous status quo. Be they gay or straight, atheist or fundamentalist, regardless of religion, union, job or gender, every single person's needs MUST be addressed, even when they conflict (as in the current primary race between a woman and an ethnic minority) or when they fly in the face of common sense. Take just one example-energy. The environmentalists have been violently opposed to nuclear power for decades even when their European counterparts embraced this source.
So that leaves
solar-which doesn't have the battery or generating ability to date,
wind-which has the same problems,
hydraulic-which is also being fought by environmentalists who want to do things like get rid of Glen Lakes Dam,
coal-which they don't like even though it is our most abundant naturally occurring source of energy
natural gas-no ability exists for average folks to access this for cars at this time.
biodiesel-which is being scuttled by higher source material costs
or oil-which Cuba and China are taking from right under our noses off the coast of Florida because the Congress and DNC are so much in the back pockets of environmental groups.

And this is just one issue. Pick another-single payer healthcare, the war in Iraq and Afghanistan, taxation, states rights, eminent domain, drugs, illegal immigration, voter ID-pick any issue and they have promised to any and all that their dreams will be fulfilled. Just as if the Magic Fairy showed up or a Genie in a bottle granted three wishes. But when you read such stories as those, there's always a catch or a moral attached. The moral to this story is that if you promise everything to everyone, somebody is going to be disappointed. And with the fervor and anger that has driven the last four years of media hype, if all that is on the winner's plate cannot be delivered in record time, there is going to be serious implications for the mid-terms. Lincoln said it best,
"You can fool some of the people all of the time,
and all of the people some of the time,
but you can't fool all of the people, all of the time"

Let's me add to that: "And payback is a *****"

Saturday, May 03, 2008

Israel: The Real History

It has been a constant puzzle why leftists and liberals, including some prominent members of the Jewish community, continue to support politicians that espouse the elimination of Israel. This has been a cornerstone of much of the foreign policy of the liberal side of the aisle and it continues to be a cause celebre for those who are either ignorant of the goals of Hammas and their ilk, or ignorant of their own status in the world. In short, why would someone like Barbara Striesand support the militant governments that would shoot her on sight simply for her heritage, whether she practiced her faith or not? Read this commentary, which is a very thoughtful and thorough analysis of the history of the creation of Israel and the history of its oppression by neighboring Arab states.
Commentary here

Who Is Making Money On High Fuel Costs?

It would seem that Hillary Clinton let the cat out of the bag by trying to get Congress to pass a fuel tax holiday. While the margin of profit that oil companies make has been pretty consistent at around 8%. Granted that's better than some companies, but much less than say, Google, which had a 25% profit. To quote from CNN-which is not usually an apologist for big oil companies-

"...Even though many oil companies are reporting record profits, many people forget just how expensive it is for energy companies to engage in the oil business.

The average net profit margin for the S&P Energy sector, according to figures from Thomson Baseline, is 9.7%. The average for the S&P 500 is 8.5%. So yes, energy companies are more profitable than many others...but not by an inordinate amount.

Google, for example, reported a net profit margin of 25% in its most recent quarter. Should we have an online advertising windfall profit tax?..."

CNN Money April 29, 2008

So exactly which entities have the most to lose if gas taxes are cut? Not the oil companies, their taxes are paid before it hits the pump. But local taxing umbrellas such as counties, states and even the federal government have a great deal to lose if such a tax holiday were passed. The Obama camp is trying to rally union opposition by citing the possibility of losing construction jobs. But then again, is this real shrinkage of the domestic job market, or will it give construction companies the incentive to stop hiring people who are not here legally? And when it comes to tax dollars going into Washington D.C. , Texans are only getting about seventy five cents or so for every dollar we send. So where's the rest of the money? We could go into the scenario from "It's a Wonderful Life" where the function of the savings and loan is explained, but the simply matter is that the money Texans don't get back in the form of projects is political payola for things like ethanol support subsidies, pet projects and celebrity endorsed programs which due to their cost only help the already wealthy. In short, while there's a noticeable reluctance to address the issue, the federal government, state governments and local towns and cities are reaping a bountiful harvest of sales taxes that become exponentially higher when they are based on per dollar sales. Everyone wins, except the consumer. Maybe someone should read them the story about the Goose that Laid the Golden Egg before all of our gooses are cooked.