The Times, Bobby, They Did Change:
There was a time when it seemed General Motors would rule the world, when what was good for GM was good for America. Check it out: Ford Motor Company announced a profit recently, but GM has declared a $3.3 billion loss. Ouch! (See The New York Times story.)
Economy Slumps Because Workers Forced To Live Within Their Means:
If the irony here doesn't floor you, you really don't get what's been going on for the past generation. Economic growth has slowed to its lowest level since 2001, even as the Fed continues to lower interest rates and the to pass out stimulus checks like candy at Halloween.
While economic growth did occur within the last month, almost all of it was the result of inflation. Consumers are spending their money on gasoline, heating fuel, groceries. In the meantime, Exxon Mobil and the other oil giants continue to rake in massive profits. (See The New York Times story.)
Poor Exxon Mobil—Stocks Slump!
Pity the poor oil companies. Exxon Mobil's stock prices actually fell after the company reported that they only made $10.9 billion in profit during the first three months of the year. Gee, only a net income of 17 percent, but that wasn't up to expectations, so the stock price has been devalued ever so slightly. No wonder the Bush administration wants to give them even bigger tax breaks.
Oil broke the $100 a barrel barrier this year. Care to guess what it cost last year during the same time period? $58. Currently, the price has doubled. (See The New York Times story.)
Gail Collins on the Male Ego in the Election Process:
It's the kicker at the end that makes this Op-Ed fun to read. Hey! Could Bill really be the vampire who sometimes has a soul?
The Dude on human cloning: "It would be a mistake for the United States Senate to allow any kind of human cloning to come out of that chamber." — George W. Bush, Washington, D. C., April 2002.
It was on May 1, 2003 that George W. Bush declared victory in Iraq on board an aircraft carrier bearing a victory banner. Unfortunately, it was the peace he couldn't figure out how to handle.
China Facts: "China has the world's highest number of annual deaths triggered by air pollution." (Source: ngm.com)
There was a time when it seemed General Motors would rule the world, when what was good for GM was good for America. Check it out: Ford Motor Company announced a profit recently, but GM has declared a $3.3 billion loss. Ouch! (See The New York Times story.)
Economy Slumps Because Workers Forced To Live Within Their Means:
If the irony here doesn't floor you, you really don't get what's been going on for the past generation. Economic growth has slowed to its lowest level since 2001, even as the Fed continues to lower interest rates and the to pass out stimulus checks like candy at Halloween.
While economic growth did occur within the last month, almost all of it was the result of inflation. Consumers are spending their money on gasoline, heating fuel, groceries. In the meantime, Exxon Mobil and the other oil giants continue to rake in massive profits. (See The New York Times story.)
Poor Exxon Mobil—Stocks Slump!
Pity the poor oil companies. Exxon Mobil's stock prices actually fell after the company reported that they only made $10.9 billion in profit during the first three months of the year. Gee, only a net income of 17 percent, but that wasn't up to expectations, so the stock price has been devalued ever so slightly. No wonder the Bush administration wants to give them even bigger tax breaks.
Oil broke the $100 a barrel barrier this year. Care to guess what it cost last year during the same time period? $58. Currently, the price has doubled. (See The New York Times story.)
Gail Collins on the Male Ego in the Election Process:
It's the kicker at the end that makes this Op-Ed fun to read. Hey! Could Bill really be the vampire who sometimes has a soul?
The Dude on human cloning: "It would be a mistake for the United States Senate to allow any kind of human cloning to come out of that chamber." — George W. Bush, Washington, D. C., April 2002.
It was on May 1, 2003 that George W. Bush declared victory in Iraq on board an aircraft carrier bearing a victory banner. Unfortunately, it was the peace he couldn't figure out how to handle.
China Facts: "China has the world's highest number of annual deaths triggered by air pollution." (Source: ngm.com)
Labels: Bushisms, China, Gail Collins, The Economy
posted by Jim | 9:43 AM
0 Comments:
Post a Comment
<< Home