Posted on 04/02/2008 5:41:13 AM PDT by moderatewolverine
Last week, a mob of screeching protesters invaded the Bear Stearns headquarters in Manhattan demanding more aid for homeowners. As you know, I oppose federal bailouts of every make and model — and that includes both the Bear Stearns deal and the bipartisan stimulus-palooza in Washington. But the bank-bashers who held their demonstration in New York City against Bear Stearns and JPMorgan are totally unhinged. And out of control.
Here is the face of the entitlement culture gone mad: “We will go to their neighborhood, we will educate their children on what their parents do. They should be ashamed,” said Neighborhood Assistance Corporation of America (NACA) founder Bruce Marks in a nasty warning issued to employees of both banks.
This is not an idle threat. Bruce Marks is no harmless lone nut. He has a proven record of showing up at children’s schools and bullying them because of their parents’ employment. All in the name of “social justice,” of course, and securing loans for every last bad risk on the face of the planet. He’s so proud of his behavior, he calls himself a “bank terrorist.”
(Excerpt) Read more at primetimepolitics.com ...
I heard a short news tidbit yesterday about this bail out, that the tax rebates may not happen afterall. LOL
Bruce must work on Obama’s plantation.
It just gets scarier and scarier.
I consider them as low as you can go without actually being in jail.
This Bruce Marks clown is after the wrong target. He should be doing this to oil company executives, heck, we should ALL be hounding those bastiges!
Are you series? Even here on FR, we have the ‘Evil Big Oil’ types. Get over it. Oil is a commodity, the price is not set by Oil Companies. Their profits, while large lately, are still only 1/4 of the taxation we pay to by the gasoline. The bastiges they should be protesting are BigFedGov!!
—the price is not set by Oil Companies—
Really, then who sets the price of gasoline etc. in the United States if NOT the oil companies. They are the ones selling it, so they set the price. Some hounding of executives of ConAgra, ADF etc. for the rise in grain products prices (”Ethanol is the devil that made us do it”) would also be in order. Without some old-fashioned ball-bustin’, these folks will never change their ways.
The price of gas is set by buying the raw crude (Oil), then paying to refine it, transport it, etc. The price set by the stations so they can make a profit. Ach! there is that evil word, profit. How dare they profit in the sale of gasoline!!!!1
-The price set by the stations—
The WHOLESALE price is set by the oil companies. The unfortunate station owners have to set their retail price to make any kind of profit. I’m not blaming *them*.
The price is set by consumer demand and production costs. Stations typically make penny’s per gallon.
I’ll say it again - where is it written that fuel has to be cheap or affordable???
How come we’re talking about gas prices on a liberal housing thug thread??? WTF??
—The price is set by consumer demand and production costs. Stations typically make penny’s per gallon.—
You didn’t read my post very well. I said exactly that. The unfortunate stations have to set their prices based on how the wholesalers (i.e. the oil companies) are gouging THEM.
-I’ll say it again - where is it written that fuel has to be cheap or affordable???—
It’s always been an unwritten birthright in the United States. We shouldn’t let ANYONE take that birthright away from us!
—How come we’re talking about gas prices on a liberal housing thug thread??? WTF??
—
Because I pointed out that “thuggish” tacticts could be aimed at villians more far more deserving of them than lenders.
The WHOLESALE price is set in the commodities market. You know all those traders that buy or sell based on weather, international tensions, refinery outages, etc.
And the profit per gallon of gas produced to Big Oil is ~$0.10. The tax load per gallon of gas purchased is ~$0.45. So who is gouging? Protest the TaxMan if you want to protest, not a company that is largely not in control of the price of its product.
IF the 10-cent figure is true—and I suspect it’s a lowball figure put out by the oil industry to engender sympathy—then the REAL villains are the speculators. Those greedy pigs ought to be strung up by their thumbs. Using weather, vauge international threats or some transitory refinery problem to jack prices up. Puhleeze! IMO they are on the same moral level as child molestors. But then agains, the oil companies extract and sell the product, so ... At any rate, gas taxes (at least at the federal level) haven’t been raised in 15 years. If you cut them, the roads will be in even worse shape than they are at present.
Nice justification for a Tax. Of course thos esame taxes are present on Toll roads where the gas prices are even higher than on non-toll roads. Higher gas prices (more taxes) and a toll to boot. Love it.
You ignored most of my post. And like I said, taxes haven’t gone up in 15 years, and yet, in those 15 years, I remember gasoline being well under $1.00 gallon! Something just ain’t kosher.
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