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Maybe this will help someone else out...
I sent a message to someone who has been moaning about gas prices (and drives an SUV) for months:
NEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007. ************************************************************************** He sent me this back....
Yup, and in the US it's still a capitalistic society (unless Obama gets in) and it's not against the law to make money. The amount of fuel world-wide that Exxon-Mobile had to sell at $0.8 per gallon profit is quite a bit and yet they only have about 4% of the market share in the global oil economy. So, this begs the question of who has the rest of the share (E-M is the largest US company) of this market? Try the Arabs, Chavez, African nations, Canada, etc. ************************************* Is Chavez a country I don't know about? Hmmm. So I wrote: Exactly why I am voting for President Obama to get us off of the oil merry-go-round and headed into cleaner, renewable energies. ************************************* And he wrote me: If he wins I hope you'll enjoy the tax structure and the lack of military leadership. Good luck.......... He has no experience. I really do not like either one of the candidates that well either, but three years as a Senator with no military background concerns me deeply; especially in these times. He didn't even visit the vets from the war in the hospital in Europe, yet he had enough time to go to the gym................ too bad. *************************************
Well, I thought, I just have to set this guy up with some other point of view.
Here is my reply. Feel free to use this portion to undo your particular McInsain supporter's head. I hope the couple comments taken from a DU thread are okay with the OP. If not, PM me. ************************************* Well you're perfectly welcome to vote for whomever you like. Maybe McCain and his oil lobbyists impress you more. http://www.youtube.com/watch?v=SrSD8Mz-kp4 Perhaps his sense of the world? http://www.youtube.com/watch?v=jNsr2aF1XM0 Perhaps his incredible educational achievments? http://www.youtube.com/watch?v=srbX26vp57c His grasp of understanding of how Social Security works? http://www.youtube.com/watch?v=4vSiWDvSbG4 His integrity? http://www.youtube.com/watch?v=GEtZlR3zp4c&NR=1 Who said that Obama "had time for the gym but not for wounded troops? McCain? http://www.factcheck.org/elections-2008/snubbing_wounded_troops.html And how do you expect the US to get out of this crushing debt without raising taxes?
America's $53 trillion jumbo loan The next president and Congress must not let the national debt surprise the country the way the subprime crisis did.
Americans are now tasting the sour fruits of unaffordable mortgages: foreclosure, bankruptcy, falling markets. The nation, too, is staring at overwhelming debt, made worse by this week's forecast of a whopper federal deficit. Washington mustn't let this burden rise, for the sake of global financial markets and future US generations.
It's true that the $482 billion deficit chasm estimated for fiscal year 2009 doesn't look so deep when taken as a percentage of the overall economy – 3.3 percent of gross domestic product compared to the 1983 nadir of about 6 percent.
But this is just one "mortgage" that the federal government (i.e., taxpayers) must meet. It owes on all the deficits it has accumulated over the years (the national debt), and it has jumbo liabilities to come in the form of Social Security, Medicare, and Medicaid.
Adding all those liabilities together, the government has dug itself into a $53 trillion fiscal hole – the equivalent of $175,000 per person living in the United States. If the White House and Congress continue to follow the do-nothing plan, in another 30 years or so the federal government will spend more than twice as much as it raises in taxes.
Read more: http://www.csmonitor.com/2008/0801/p08s01-comv.html Maybe you feel comfortable leaving that debt to your grandchildren? I certainly don't. They will inherit enough problems in their world. People should really educate themselves on the vast disparity of wealth distribution in this country and the world. It's absolutely awesome. Most people think that because they're paying their bills, that they're in the upper 1/2 of the wealth structure. They're not. The top 1% have a combined wealth greater than the GDP of Japan, Germany, France and the UK COMBINED:
ABC Nightline tonight.
http://abcnews.go.com/Business/story?id=4872105&page=1
As many Americans watch personal investments like their homes go belly up, many of the super rich have seen their fortunes grow.
"The median income in America is still around $48,000, and that's been flat for about the last 10 years," said Frank. "Meanwhile, the top 1 percent of Americans control 33 percent of the wealth. That top 1 percent owns $17 trillion in wealth, which for perspective, is greater than the GDPs of Japan, Germany, the U.K. and France combined."
Even the top 1 percent's dogs live well. Parmar's five purebreds are fed chicken and steak.
"I think it comes down to fundamentals of how I invest," Parmar said. "I didn't go rob a bank."
But even Warren Buffett -- the world's richest man whose estimated wealth hovers around $60 billion -- worries about the burgeoning wealth gap.
_____________________________ US election: Buffett joins Obama to solve economic crisis Source: The Guardian UK
Barack Obama was joined by the world's wealthiest person, Warren Buffett, and a number of entrepreneurs, economists and union leaders for a summit in Washington yesterday to find ways out of America's economic crisis.
Obama, who returned to the US from a 10-day overseas visit on Saturday, sought to switch yesterday from foreign affairs to the economy, the issue that Americans tell pollsters will determine their choice of the next president. "People are worried about gas prices, they're worried about job security, they're worried about their retirement fund as the stockmarket goes down," Obama said before the summit.
"People are understandably concerned about the immediate effects of the economy, and that's what we will be talking about for the duration."
Read more: http://www.guardian.co.uk/world/2008/jul/29/barackobama...
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And who's Sen. McCain got? Oh Yeah, Phil Gramm of "Enron Loophole" fame. The people of this country are just "whiners".
McCain is a war proponent. That's straight up why I will not support him. I have adamantly supported the Peace Movement since 1967. His acceptance speech was a disgrace to the Republican Party; he really thought all his insults and attempts at stand-up comedy made him look clever. He has progressively gone lower and lower in his juvenile attack ads on Obama, which he said he wouldn't do... and did. He is a buffoon, and I can't respect a man like that. I wouldn't want him as a friend and certainly not as a President, especially in these sensitive times. Abraham Lincoln had less experience than Barack Obama, and he had virtually no military experience, either. http://www.u-s-history.com/pages/h837.html Yet, he preserved the Union, and was considered one of America's greatest presidents.
Barack OBama put law school and corporate life on hold after college and moved to Chicago in 1985, where he became a community organizer with a church-based group seeking to improve living conditions in poor neighborhoods plagued with crime and high unemployment. The group had some success, but Barack had come to realize that in order to truly improve the lives of people in that community and other communities, it would take not just a change at the local level, but a change in our laws and in our politics. He went on to earn his law degree from Harvard in 1991, where he became the first African-American president of the Harvard Law Review. Soon after, he returned to Chicago to practice as a civil rights lawyer and teach constitutional law. Finally, his advocacy work led him to run for the Illinois State Senate, where he served for eight years. In 2004, he became the third African American since Reconstruction to be elected to the U.S. Senate. Maybe you might consider one of the OTHER candidates? Ron Paul, Libertarian? Ralph Nader, Independent? Cynthia McKinney, Green Party? And about Exxon, "they only have about 4% of the market share in the global oil economy" ?? (not according to this) Market share/importance
Worldwide Exxon is the biggest not state owned oil and gas company in the world. According to the Time & Fortune Group's 2001 Fortune Global 500 list of the largest companies by revenue, it is the biggest corporation <2>. Worldwide it employs over 100,000 people.
Petroleum is mostly sold through Exxon’s/Esso’s service stations of which they have 45,000 in 118 countries. Aviation fuel is sold at more than 700 airports in 80 countries. ExxonMobil Marine Fuels serves more than 300 ports in 70 countries <3>. see: http://www.corporatewatch.org.uk/?lid=292 I was just pointing out that Exxon makes unfathomable profits, and maybe we should get on board with alternative energies. John Warner, apparently agrees:
John Warner: Jimmy Carter Was Right It took 30 years, but Jimmy Carter finally has gotten recognition for the wisdom of his energy policies. Speaking on Science Friday, Senator John Warner, a Republican from Virginia who first entered the Senate during Carter's term in office, said that Jimmy Carter "was right" when he called for a massive program of energy conservation and alternative energy research.
Senator Jeff Bingaman, Democrat from New Mexico, agreed. As chairman of the Energy and Natural Resources Committee, one would expect a fellow democrat to back the former President. But I must admit I was a bit surprised to hear Warner readily agree. Jimmy Carter has a tough time being called "right" about anything in his administration, let alone from Republicans. Warner has recently discovered the threat posed by global warming through his discussions with Pentagon brass who are concerned about the submerging of Naval ports around the world as the oceans rise. Though he is late to the ball, Warner readily admitted the country was asleep at the switch for the last three decades.
However, concern for global warming is universal on Capitol Hill this week or even bi-partisan enough to extend the tax credits for the development of alternative energy sources like solar and wind. Bingaman, a champion of the credits, complained that huge alternative energy projects on the drawing boards will reamain there, if the credits are not restored. Once again, for the up-teenth time, not enough Senators voted for extension of the credits.
Read more: http://www.sciencefriday.com/blog/index.php?archives/32... At any rate, again, I don't think we can agree on a candidate between us. We are not the same person; we will not choose the same candidate. You stated your beliefs and issues, so I am stating mine. I'm sure it boils your blood to have me write back and counter all your claims with videos and links, but then you have no links, just rhetoric that you got from who knows where and that boils my blood. We need to agree to disagree. Yes, we can. Peace, brother.
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I hope I wasn't too hard on him, but you wouldn't believe the RW garbage he sends me. I'd proposed this agree to disagree before,in 2004, but that didn't stop him from sending all these RW things and fundie miracle stories, * and military glorification, etc.
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