Obama's Secret War Profiteering Tax

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Comments

  • SundaySilence
    SundaySilence Posts: 537
    MattyJoe wrote:
    How anyone can say the oil companies' profits are undeserved or excessive is beyond me. Yes they made record profits the last two years. But what no one understands is that their expenses are ENORMOUS. In fact the oil industry is one of the least profitable industries there are. The percentage of profit to revenue of most major energy companies is 3-5%. What is Google's percentage? 25%.

    lies

    "...the oil industry as a whole earned a 27 percent return on equity and that this was 10 points higher than all other industries."

    http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00248
  • El_Kabong
    El_Kabong Posts: 4,141
    SundaySilence wrote:
    lies

    "...the oil industry as a whole earned a 27 percent return on equity and that this was 10 points higher than all other industries."

    http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00248


    ha, exactly. we only made several billions...

    glenn beck (on cnn) has been having oil execs and other oil ppl on lately talking about how we need to drill in ANWR and all this other shit, how we need to tap into our supply of coal ('we're the saudia arabia of coal')...one guy, i think he was the head of BP tried to rationalize it that they invest part of their profit into getting more oil...in other words making more profit. it's like going to the grocery store and them acting like it's some unheard of concept that they will use some of your money to buy more of what you just bought


    ...............

    still kinda curious what this unfair treatment of obama supporters is?
    standin above the crowd
    he had a voice that was strong and loud and
    i swallowed his facade cos i'm so
    eager to identify with
    someone above the crowd
    someone who seemed to feel the same
    someone prepared to lead the way
  • El_Kabong
    El_Kabong Posts: 4,141
    flywallyfly wrote:
    I get it. A windfall tax = war profiteering EXCEPT when you hear Nader has the same idea. BUT THEN it is different because he will use it for solar research in his mythical presidency. Gotcha.

    Just admit it - this article is a bogus attempt to connect Obama to war profiteering and you know it. HUGE REACH. Calling me a closeted Obama supporter and justifying Nader's SAME approach to the oil companies as Obama cannot hide that you posted a crappy opinion piece.

    http://www.maxitees.com/store/images/uploads/obama1.jpg


    matt gonzalez, nader's running mate, explains the differences here

    http://youtube.com/watch?v=YOghNYpGlsk
    standin above the crowd
    he had a voice that was strong and loud and
    i swallowed his facade cos i'm so
    eager to identify with
    someone above the crowd
    someone who seemed to feel the same
    someone prepared to lead the way

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