Posted on 07/28/2006 5:51:35 AM PDT by governsleastgovernsbest
Today Show/NewsBusters tax-your-way-to-lower-prices ping.
No One ever questions the record profits of milk producers.....
Were those profits gross or net, just out of curiosity? And if the profits are taxed into oblivion: A) How is the company going to invest for future profits? and B) What investor is going to want to invest in the company?
Not very objective reporting.
The only necessary "action" is to eliminate such taxes across the board. Permanently.
Two nights ago on the local news here in Nashville, they had the obligatory man-pumping-gas-and-he's-angry interview and he said with a stern face right into the camera "I'll say this. 3 dollars is about my limit."
I just started laughing.
When you have Harold Ford Jr (D) running for Bill Frist's seat and his campaign ads are attacking the Exxon CEO for making too much money, what are you going to do? It's everywhere.
The Today leftists can shove it, as Tarayza Heinz-Kerry would say.
Where's my cut, Matt? Hmmm? Hmmmmmmmmm?
Quite right. This is reporting, it's editorializing. Pure and simple.
So, I presume this means that, if and when oil prices return to 12 dollars a barrel, the oil companies can expect tax rebates from Uncle Sugar? Yes?
And Merka's pore wil beeleev it because they went to gubbmint skools and lurned that it was so.
They can use the windfall to start drilling off the coasts and increasing refinery operations. Giving it to the government so the government can tell them they can't drill off the coasts is suicidal.
Heard on Rush yesterday that those were gross profits and that 5 billion went back into exploration, research, etc.
S/B "This isn't reporting." Sorry.
-Rex
JMO, the American people are on a economic learning curve that was almost impossible 20 years ago, due to the absense of the internet, and the domination of the liberal MSM.
Sure the MSM will always go back to their playbook of demonizing the oil companies, but it is less effective as most Americans get their facts from the internet and not the "Today" show.
It just shows the hubris of the media elites, IMO.
Why don't these people just buy stock in oil companies and cash in?
(Go Israel, Go! Slap 'Em Down Hezbullies.)
Please, Big Oil uses monopolistic practices to set pricing...GREED DRIVEN. They are A$$wipes and I have no problem BIG Oil being taken on.
Just my two cents, many of you disagree, I know, but when you have no choice but to fill your car with gas...with all gas companies setting similar prices (mmm, that makes you scratch your head too...why no competition???)...I just have no sympathy. If we had realistic alternatives to Big Oil, I would say let them make as much as they can...the American way. Simply, we do not so screw them and their profits on the back of Americans and the economy.
Our government will not take them on as too many have their hands invested in that cookie jar. F'em.
Thank you! :)
I'm no MBA, but even I know the difference between gross and net profits.
Last I knew, oil companies were making ten cents profit off a barrel of oil.
In NYS, between fed, state, and local taxes, governments' haul is over 50 cents a gallon. When the oil companies make that freaking much, then I'll holler.
Shhhhhhhh! The drive-by enemedia doesn't want anyone to know that little nugget of truth. It's a whole lot easier to rile up the sheep when you throw around figures like $10B.
I hope you're right about economic education.
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