imkittymyers at hotmail dot com
Thursday, November 10, 2005
BARON ROBBERS OF FOGGY BOTTOM
That's right, fan the fires of class warfare and demonize big business; they're under-regulated anyway. Forget about trying to cut spending, you pigs. Besides, you can always tax us more, right? Government is such a loathesome entity >:O
Death of Reason, Again?: Of course, the oil companies have made a lot of profit lately, but so have many other businesses and industries. Although Exxon got big headlines for earning $9.92 billion in the third quarter, few analysts bothered to note that this only came to 9.8 cents per dollar of sales — well below that of many other companies. For example, Citigroup and Microsoft each made 33.2 percent profit. Among other major companies that each made at least twice as much as Exxon in percentage terms are Bank of America, Merck, Google, Eli Lilly, Coca Cola, Intel, and Yahoo.
An Internet search turned up no evidence that Sen. Gregg or any of the other dimwits calling for windfall profits taxes on the oil industry have also called for windfall profits taxes on the banking, pharmaceutical, software, or hotel industries that have earned much more per dollar than the oil and gas industry in recent periods.