Saturday, November 15, 2008

Profits are good

A P-T caller said: Stop picking on big corporations like Exxon for making big profits. If it weren't for them, we'd be in a depression.

Huh?

Charging more for gas delivered to stations, caused stations to raise prices. Charging more is what increased corporations like Exxon's profits. Who paid? The citizens who could no longer afford a tank of gas to get them back and forth to work everyday. Everything delivered had to have a price increase, due to the rising costs, if companies wanted to keep their employees paid and still turn a profit.

I think the caller does not realize we are in a depression. Some are comparing it to the Great Depression of the early 1900s. The one that was responsible for all these new programs that were implemented to protect the people; just in case.

I am not laying the blame for this on the laps of corporations like Exxon, although, corporation's buying of government, has a lot to do with the sorry state of the U.S. budget and economy. A minority of citizens did something to lessen their dependency upon oil. About 46% of the people who voted must believe that Global Warming is a myth; that we are in debt to China to pay for Iraq, because Iraq was about WMD and/or terrorism, not about the oil and the answer to high prices at the pump is more drilling; because if not, they would have voted for Obama, not McCain.

The P-T caller is probably one of them. Likewise those people who complain that oil companies are paying more than their fair share of taxes. Will close on that note, before I get on another 4,000 plus word typing binge. (11/06/08)

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