Exxon Mobil Scores Massive Record Profits
While poor American workers were struggling to keep their lives together while paying almost double their energy costs just to get back and forth to work and to heat their homes, Exxon Mobil was scoring unimaginable profits: $36 Billion!
The company dwarfed even Wally-World in earnings, but for some reason they seem ashamed for having made so much money off the backs of American workers and retirees. You'd think such a successful company would be racing around bragging about their accomplishment. Why not? Could it be that they are aware that their profits amount to little more than extortion?
To put things in another light: Exxon Mobil is now richer than most of the countries in the world. For instance, its $371 billion in revenues last year were greater than the gross national product of Indonesia ($245 billion), an OPEC member and the world's fourth most populous country.
So will the government hit the oil giants with any new taxes, say to try to help rebuild New Orleans or to fight Bush's war in Iraq?
Well, the Republican controlled congress has introduced a bill that would tax the biggest oil companies, but Emporer Bush has already stated that he would veto any bill that included a tax on the oil companies. This will allow the Republicans to go home and tell their constituencies that they tried to do something about the oil companies' greed, but the Emporer just wouldn't let them. Sounds like a political ploy to me.
While poor American workers were struggling to keep their lives together while paying almost double their energy costs just to get back and forth to work and to heat their homes, Exxon Mobil was scoring unimaginable profits: $36 Billion!
The company dwarfed even Wally-World in earnings, but for some reason they seem ashamed for having made so much money off the backs of American workers and retirees. You'd think such a successful company would be racing around bragging about their accomplishment. Why not? Could it be that they are aware that their profits amount to little more than extortion?
To put things in another light: Exxon Mobil is now richer than most of the countries in the world. For instance, its $371 billion in revenues last year were greater than the gross national product of Indonesia ($245 billion), an OPEC member and the world's fourth most populous country.
So will the government hit the oil giants with any new taxes, say to try to help rebuild New Orleans or to fight Bush's war in Iraq?
Well, the Republican controlled congress has introduced a bill that would tax the biggest oil companies, but Emporer Bush has already stated that he would veto any bill that included a tax on the oil companies. This will allow the Republicans to go home and tell their constituencies that they tried to do something about the oil companies' greed, but the Emporer just wouldn't let them. Sounds like a political ploy to me.