posted by Justin Hart | 12:07 PM |
permalinkThe conservative blogosphere is abuzz with the
#dontgo movement. But here's an angle we haven't pursued yet. If you look at this issue through a strictly "liberal" lens you get a huge club to bash over the collective heads of Obama, Hillary and Pelosi (arguably the new political trinity come November).
First the setup: Both Barack Obama and Hillary Clinton have called for a tax on windfall profits for the oil industry. Hillary was the most brazen in her Febuary 2007 statement: "I
want to take those profits".
Last week Exxon/Mobile reported another record quarter coming out billions of dollars in the black.
It's a good thing too.
What's that? A good thing that E/M is raking in beaucoup profits off of gas guzzling people across the world? Why yes, yes it is a good thing.
Looking at their
last quarterly reports E/M paid out $571,000,ooo in pension and retirement $$$. In 2008 they have paid out $1,147,000,000 into the same bucket of retired employees. Again, $1.1 billion in 6 months. Last year they paid out nearly $2 billion in pension liabilities. E/M is one of the largest employers in the world.
So, you do the math. If Obama, Pelosi, and Clinton "take the profits" of E/M who will pay these pensions to these former employees? Will hard working blue collar E/M people lose jobs? And will E/M raise their prices to meet the increased demands as profits tighten and pensions increase. Bottom line: YES.
Obama/Hillary/Pelosi + Opposing Drilling + Taking Profits = Disaster for a good swath of working Americans and people across the world.
Labels: Exxon/Mobile
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