Bernanke from a crash test dummy's point of view-video

Watch it and see if ya get it.

Oh I'm sorry, we already got it!Add to Technorati Favorites

Exxon 3 month profit up 69%, 10+ billion-Oil industry gets four billion from taxpayers

Talk about a freaking gusher!!! Gasoline prices have jumped 37% so far this year. The company said it spent $5.7 billion for share repurchases, and that it plans to spend another $5 billion in the second quarter. Of course this only makes it more expensive for the taxpayer to by into Exxon legally and thereby participate in the profits of a "Publicly owned company"! Instead taxpayers are forced, in other words "taxed without representation" to provide the Oil companies with free welfare.

We feel quite sure that the 147+ million dollars the oil industry spent buying, excuse us, "lobbying" the Washington whores is a thank you for the "4 Billion!"  Not a bad deal dont cha think?

So while everyone is yelling "drill baby drill",  Please keep in mind who is getting drilled and where.  High gas prices are a regressive tax that hurts the poor working person more than anybody else, which adds to the continuing gulf between poor and wealthy.

Recent History, say like 2008, would indicate this higher gas price thing ain't gonna work out to well for you and I.Add to Technorati Favorites