Posted on 03/28/2008 12:48:07 PM PDT by SErtelt
I wonder if hillary will take their profits for the greater good, like she wants to take BIG OILS?????
blood money
Not that they have lobbyists or anything....
For anyone interested in facts, as opposed to the usual wild exaggerations and outright lies from LifeNews, the actual financial statements are here: http://www.plannedparenthood.org/files/AR_2007_vFinal.pdf
From the linked LifeNews article: “Planned Parenthood reveals it has doubled “excess of revenue over expenses” funds from $55.7 million in 2005 to $112 million in 2006.” Actually, it’s for the fiscal year ended June 30, 2007). In other words, the “profit” was barely one tenth of what the headline claims, and if you look at the rest of the annual report (especially the financial summary on page 16, from which the above data comes, and the details of services provided on page 6), it’s clear that this is derived from all of PP’s activities, of which abortion is a small percentage (3% of services provided).
If PP could make a billion dollars profit in a year from anything it does, it would hardly be asking for government support. It would be a for-profit corporation issuing stocks and bonds to raise as much capital as it wants (and a lot more than it’s getting from government/taxpayer sources), paying fat dividends, and shovelling out lucrative stock options to all its management.
last year Planned Parenthood made $1.017B in revenue, not profit, from murdering unborn children.
PP's bottom line, i.e. the net income they made from murdering unborn children in cold blood - that is, the amount of money left over after paying all their expenses, was $112MM.
Were they a for-profit company, they would have had a profit of $112MM, not $1B.
They are, however, a non-profit because the net income they generate is not distributed to shareholders and not reflected in a publicly traded stock price - that money is used instead for PP's primary purpose: slaughtering innocent children.
The article magnifies their net income by a factor of 10 and makes the very basic mistake of confusing revenue for income.
“For anyone interested in facts, as opposed to the usual wild exaggerations and outright lies from LifeNews...”
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Hmmmm. Seems clear to me that you have an agenda against Life News. A usually credible pro-life conservative website.
OK fine.
So follow up on that will you? Why not take your attack to the next level by posting how wonderful Planned Parenthood is.
How is it an attack to point out they got something incorrect?
A percentage of the profit from every birth control pill PP sells is attributable to abortion, since the pill sometimes acts as an abortifacient.
Let me see if I have this straight. A non profit that does not pay taxes makes a billion in profits and the are still sucking off the public trough? What a country!
I heard that abortions were down in the U.S.
So does this mean they were making more than
$1 Billion???? Headlines are deceiving.
The headline is incorrect. But GS went way beyond that.
Abortions down 25% from peak.
http://www.latimes.com/news/nationworld/nation/la-na-abort17jan17,1,4238265.story?coll=la-headlines-nation
Who know how accurate this LA TIMES article is.
I guarantee you that I'm every bit as pro-life as you are. The problem is that when a pro-life groups posts an inaccurate headline like that, that gives the anti-life groups the excuse to focus on the headline rather than the details of the story.
It's very sloppy work by LifeNews and it's important that it be corrected as soon as possible before the mainstream media (and the abortion mills) use it to discredit the pro-life movement.
Crime can pay well in the temporal. We will all eventually find out on our own if it pays in the eternal.
Total assets may be at $1 billion. They were nearing that milestone last year; they may have just passed it.
Only He can. This is an abomination.
Planned Parenthood going strong, funded by our tax money.
Isn’t George W. Bush president?
Didn’t we have a GOP majority in Congress until recently?
Unfortunately most of the profitable locations are probably in the inner city. Shame on Planned Parenthood!
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