Exxon Profits Up 41%

http://www.reuters.com/article/2011/07/28/us-exxonmobil-idUSTRE76R2OT20110728?feedType=RSS&feedName=topNews&rpc=71

No recession in the oil industry. 10.68 BILLION Dollars of profit (in the second quarter). And the analysts are disappointed.

The government is about to default on our debt and Republicans refuse to raise taxes on the oil industry. Raising taxes will kill the economy the Republicans say. BUT when Exxon raises taxes the Republicans have no issue whatsoever. That is just capitalism.

Next week if old people don't get their social security checks that is fine with Republicans. If military families don't get a paycheck that is also fine. If interest rates go up on mortgages (forcing even more foreclosures) that is fine. If credit card interest rates skyrocket all because the credit rating of the USA is downgraded that is not a problem for Republicans.

It is all fine except raising taxes on Exxon Mobil and the other members of the oil cartel. That will never happen as long as Republicans are breathing. Oil companies and Billionaires are priority #1.

http://articles.latimes.com/2011/may/17/nation/la-na-senate-oil-20110518