"Tamaroak" wrote in message
. ..
More people are living in cardboard boxes in this country than ever and
these fat cats are making more and paying less taxes than ever. And we are
STILL cutting taxes while the deficit skyrockets. How can these people
call themselves conservative?

The deficit fell from '04 to '05...and its expected to continue to fall
through at least '09.

In article . net,
says...

"Tamaroak" wrote in message
. ..
More people are living in cardboard boxes in this country than ever and
these fat cats are making more and paying less taxes than ever. And we are
STILL cutting taxes while the deficit skyrockets. How can these people
call themselves conservative?

The deficit fell from '04 to '05...and its expected to continue to fall
through at least '09.

In the past 30 years we've gone from:

Biggest importer of raw materials and exporter of finished goods

to

Biggest exporter of raw materials and largest importer of finished
goods.

China and Japan own a large percentage of our currency, corporations are
allowed to operate offshore to avoid taxation and more of our currency
is flooding into the mid-east than ever before.

I just had a meeting with some very nice folks from the mid-east who
don't mind us being in Iraq at all. Their friends are making money hand
over fist supplying goods and services to our troops.

Not only are we sending them tankerloads of oil money, we're paying them
seven different ways for supplying our country with goods and services.

Something wrong with this picture? Why are we so damned near-sighted???

jps

"jps" wrote in message
...
I've had one hell of a time justifying the expense of fuel and,
consequently, over the last year our boat has been out very little.

Now I come to find that Exxon, Chevron and Halliburton have made more
money this past year than at any time in history and our rate of savings
hasn't been this low since 1933.

10bil profit on revenue of 100bil seems about right to me.

In article _ytDf.23848$5G.17707@trnddc08,
says...

"jps" wrote in message
...
I've had one hell of a time justifying the expense of fuel and,
consequently, over the last year our boat has been out very little.

Now I come to find that Exxon, Chevron and Halliburton have made more
money this past year than at any time in history and our rate of savings
hasn't been this low since 1933.

10bil profit on revenue of 100bil seems about right to me.

Depends on industry.

It's obscene profit on the backs of Americans. A form of taxation that
skips the government collection process, instead going directly into the
pockets of corporations to spend as they see fit.

I'd rather see investment in alternative energy research than finding
another way to wring out profits in a short-term, quarter to quarter
profit strategy.

jps

"jps" wrote in message
...

I'd rather see investment in alternative energy research than finding
another way to wring out profits in a short-term, quarter to quarter
profit strategy.

jps


Unfortunately, that's their job. The driver is the shareholders. The
shareholders want a return - the bigger the better.

The shareholders are people like you and me and millions of other easy money
speculators.

RCE

In article ,
says...

"jps" wrote in message
...

I'd rather see investment in alternative energy research than finding
another way to wring out profits in a short-term, quarter to quarter
profit strategy.

jps


Unfortunately, that's their job. The driver is the shareholders. The
shareholders want a return - the bigger the better.

The shareholders are people like you and me and millions of other easy money
speculators.

RCE

That's a nice theory.

However, as DSK pointed out, shareholders haven't been substantially
rewarded for the climb in profits.

jps

"jps" wrote in message
...

That's a nice theory.

However, as DSK pointed out, shareholders haven't been substantially
rewarded for the climb in profits.

jps

Higher profits usually produce higher stock prices. Few public companies
pay dividends anymore. It's all in the stock price.

I am not saying it's right - I am just saying it's the way it is. A CEO
that does not show bottom line growth ain't gonna be a CEO for long. And
although publicly reported quarterly, most large companies now report
monthly and even weekly, internally. That's why I don't work for one
anymore.

RCE

George F wrote:
"jps" wrote in message
...

I've had one hell of a time justifying the expense of fuel and,
consequently, over the last year our boat has been out very little.

Now I come to find that Exxon, Chevron and Halliburton have made more
money this past year than at any time in history and our rate of savings
hasn't been this low since 1933.


10bil profit on revenue of 100bil seems about right to me.


First post here, George? Welcome.

10% is a hefty net profit but it's really about 8.48% (XOM). Compare it
to HD at 6.8% or WAG at 3.7%. Few complain about their prices.

Dan

its called capital markets...

oil is "seeking" its price....once it hits a certain point...
demand wil drop off...so far, america (and other countries)
are demanding oil at any priice...$100 per brl may slow it down...
$200 i would think for sure...that would be arouns $10 per us gallon
reatil, I would guess.....not a pretty sight...

"jps" wrote in message
...
I've had one hell of a time justifying the expense of fuel and,
consequently, over the last year our boat has been out very little.

Now I come to find that Exxon, Chevron and Halliburton have made more
money this past year than at any time in history and our rate of savings
hasn't been this low since 1933.

I'm feeling stung. The taxation is going to happen one way or another.
I feel government is in a better position to redistribute my taxation
more than I trust Exxon or Chevron or Halliburton but I guess they
already have.

Think about it folks. Very few companies are having banner years, apart
from these companies.

Is it some sort of coincidence that these same companies are friends of
the current administration?

This whole thing stinks from the head down.

I guess the dinghy will have to do for now.

jps

get a sailboat!!