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You libs should be happy about this. Dont all you guys drive gas sippers, hybrids, or electric cars? I am not complaining. I drive my corolla around town and only live a few miles from work. But hey, some of us are trying to help the problem instead of just bitching about it, genpop.
Originally Posted by dhussdawg
I'm not happy about the gas prices but oil companies do the same things with their profits that the wealthy do with their tax breaks that you teabaggers so often promote. This is why Bush only made the recession worse than it could have been.
Didn't take long to put this ignore-ray-moose on ignore.
It's time to close the doors to the Temple of Janus.
I probably didn't hear this right, but I thought I heard that the US debt increases by $100 million per hour. Might have been a number in the billions/hour, but I'm not sure. Anyway, let's use this number, for now. That'll be $2.4 billion/day; that's $16.8 billion/week; that's $72 billion/month, etc...
Tell me again why I should rail against a private endeavor like an oil company making a few $billion, that sells a product I don't have to buy. I can opt to ride my bike to work, or a horse. What choice do I have when the Fed gov-mint wastes MY money on crap like deadbeat welfare recipients, illegal aliens, propping up George Soros' oil operation in Brazil.....say what! Oh, imagine that, obama and the demos using US taxpayer money....$billions....to help Brazil expand its oil industry. Wow!
Allow me to retort:
http://www.investors.com/NewsAndAnal...-Recovery-.htm
My first point is that this article is a Marxist hit piece on capitalism. It starts off by trying to persuade the reader that when you are mad about filling your tank, you should realize the oil companies are getting rich. Big oil sucks and they are stealing your money people! As Maxine Waters said, "We need to sociali..., uh, uh, ummmm... take over these companies and seize their profits."
Second point: I don't think Reagan would have EVER gone for this:
"And as it happens, a not insubstantial chunk of last quarter's profits were a direct gift -- from the taxpayers. Somewhere between $4 billion and $9 billion of the industry's annual profits comes from federal subsidies."
So we are paying high prices at the pump. Now we find out that big government is coming in behind big oil, taking our wallet out, getting another dollar a gallon from us, and sending it to the oil companies. Isn't Socialism so much better than capitalism?! It will be awesome when the Democrats are able to send that extra money to Brazil instead of American companies! Doesn't that make you feel all warm and fuzzy inside?
3rd point: We were told in 2008 that gas prices were going up because other countries were starting to use more gas and that supply and demand was driving up prices. Then, all of a sudden the price of oil just bottomed-out and we were back at reasonable gas prices. Now, we are being told that it is happening again. Do the Chinese just pick and choose which years they want to drive cars in? Maybe they just all quit driving in 2009 and 2010, and now they've decided its time to start driving again. Hmmm?
4th point: Speculation. Speculation is a symptom of the real problem. The problem is that the Fed is throwing trillions of dollars into the market and de-valuing the dollar, which raises oil prices because oil is traded in dollars. The more money they throw out there, the higher the price of oil goes. Speculators understand this and invest in oil, because it is more valuable than the dollar.
5th point: Huffpo is a hack company trying to persuade its readers that oil companies are evil and ripping us off (hence the link from Genpop). The truth is that the average profit margin for an oil company is around 9%. In comparison, Apple's profit margin is 64%. We should be in the streets demanding affordable computers, ipods, ipads, and iphones because they are the company that is screwing us over.
I think Genpop made up the trickle down stuff. The article she linked doesn't mention Reagan or trickle down. But your link does show that Reagan had a much better economic philosophy than Obama. They will go to their grave thinking trickle down doesn't work and only government spending can cure recessions.. despite the proof otherwise.
Yeah. Oil companies should be like our government and run a deficit. LOL
Jordan Mills on choosing Tech:
“It’s a great experience seeing them play. It was a good atmosphere. The fans stood up the whole game and never sat down. They have a great fan base.”
Paul Krugman (extreme liberal economist) actually said this about Reagan's economics: "The secret of the long climb after 1982 was the economic plunge that preceded it. By the end of 1982 the U.S. economy was deeply depressed, with the worst unemployment rate since the Great Depression. So there was plenty of room to grow before the economy returned to anything like full employment."
He thinks the economy hasn't recovered under Obama because he hasn't spent enough money yet. This guy is a respected economist by the left.
Ever notice that when everything around you is going to hell,sometimes it is comforting to try and focus on other times!
Seriously! Does the government BELIEVE companies should make profits? Do they believe the oil companies should have a profit margin of 0% so that gas would only be $3.30 a gallon? Would gas prices be higher or lower if the oil companies were not making a profit?
T Won, you failed to mention that the number 1 reason, and in fact the only significant reason, for high oil prices is the weak dollar. The weak dollar can be laid directly at the feet of Barak Hussein. His policies, QE2, higher taxes or the intent to raise them, deficits unmatched in the country's history, the Libyan war and our ongoing involvement, unaffordable healthcare, the weakness shown on his world apology tour, and his naked attempts to promote class envy, and MUCH more have all contributed to the weak dollar.
Oil companies have ZERO control over the value of the dollar. If you want lower gasoline prices, change the failed policies of Osama.
Oh, I got that one... see my point #4 above. It's a conspiracy that journalists hardly ever mention it. If Bush was still president, it would be his fault, but with Obama in office, it must be the evil oil companies.
Sorry, I guess I read right past that one. You da' man!
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