April 25, 2011

On the supposedly excessive profits of the oil companies.


How much profit did General Motors make? If we didn't pour tens of billions of dollars into General Motors, it would have failed because it wasn't making profits. So it has cost us a fortune as a nation to support a company that does not make profits. Now, what of these profits? When will the media tell us how much these companies net from sales after paying for the crude, the related expenses, and massive taxes. When they do these stories, why won't they tell us how much the government is taking from all of this? What is Obama's take? What's the state's take, and so forth?