Average citizens post record bills - worst in US History
Exxon Mobil posts record profit of $10.7 billion
That's the headline, and it hardly requires further explanation.
I believe in free enterprise and market based systems, provided there is appropriate oversight, regulation and enforcement.
But, still, doesn't anyone see the divergent track of homeowner's with utility bills exceeding house payments and record profits for oil companies? Doesn't this seem, at a minimum, perverse? Why did Congress just pass an energy bill that subsidizes the oil industry but cut back on home heating subsidies for low income families?
They don't even try to hide or disguise it anymore. ExxonMobil is dancing around Wall Street trumpeting the "largest quarterly profit of any company in US history" while, back in the real world, people are struggling to pay their utility bills, turning the heat down and cutting back on every other expense item and still falling behind.
This is what you get when you get a silver spoon President whose puppet master is a oil barron of the first degree.
No shame.
That's the headline, and it hardly requires further explanation.
I believe in free enterprise and market based systems, provided there is appropriate oversight, regulation and enforcement.
But, still, doesn't anyone see the divergent track of homeowner's with utility bills exceeding house payments and record profits for oil companies? Doesn't this seem, at a minimum, perverse? Why did Congress just pass an energy bill that subsidizes the oil industry but cut back on home heating subsidies for low income families?
They don't even try to hide or disguise it anymore. ExxonMobil is dancing around Wall Street trumpeting the "largest quarterly profit of any company in US history" while, back in the real world, people are struggling to pay their utility bills, turning the heat down and cutting back on every other expense item and still falling behind.
This is what you get when you get a silver spoon President whose puppet master is a oil barron of the first degree.
No shame.
posted by John at 1:07 PM
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