Exxon Oil, this week announced it’s earnings for this last month, and it gave to them the biggest profit for a company in the history of this country.
But, all day long, all I have heard, is how they need to be “punished” for doing so well. And that my friends, is where everyone is getting it wrong.
In America, one of the American dreams, has always been to own your own business and to do well with it. I know that doing well with a business, is not the easiest thing in the world, as I have a graphics and printing business that is just….doing….not failing, but not doing well either. Not enough customers. But now the incentive to do well with my business is starting to disappear, because, if you fail…the government will bail you out and try to get you going again….but if you succeed…they punish you by taxing the crap out of you. It doesn’t seem to matter to the liberals, if bad decisions were made or not. So, here is my take on what we should do now……
….To me, what anyone should do, is start a business, and instead of succeeding with it, make it fail…because then, and only then, will you get rewarded by our government. They will bail you out for failing. But if you succeed…they will punish you and make you the bad guy for doing well.
What Harry Reid, Nancy Palosi, Dick Durbin and others are missing here is the Supply and Demand principle. You know. If there is a demand for something then someone will make a supply for it? U.S.A Today has this article in the paper today:
ExxonMobil profit, $11.7B, sets another U.S. record
By John Porretto, AP Business Writer
HOUSTON — ExxonMobil (XOM) reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.
The world’s largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.
Revenue rose 40% to $138.1 billion from $98.4 billion in the year-earlier quarter.
Excluding an after-tax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 a share.
Analysts on average expected ExxonMobil to earn $2.52 a share on revenue of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.
People, we are nuts to believe this is right.
One of the greatest things about this country is the opportunity to do well with yourself. You could start out dirt poor, and end up one of the richest people in the world if things go your way. Exxon Oil, has done just that….but now, because they have done so well, with their choice of business, they have the politicians and some of the people, clamoring for a tax to hurt them and make them give back some of their profits. Are we freaking nuts here? The only thing that Exxon did wrong here people, was to sell gasoline for a profit, which is something that every other company in the world does, but because they did well at it, our government’s liberal half is trying to punish them for their good work. Mark my words here people…..we are heading down a slippery slope that will not be easy to recover from….and we will want to. Do not doubt this. We are heading down the wrong path……the path to a generation of people just sitting and waiting for the government to come to their rescue…and with this one…if it happens…the precedence will have been set. Then something worse will happen. MARK MY WORDS HERE. We are going the wrong way now. After years and years of government regulations saying where and where not the oil companies could drill and the such….their bad decisions are coming home to roost, as someone infamous said a short time ago about something else. I say it again. This is the wrong direction to go.
God Bless America
God Bless our Troops….always
God Bless my readers, my listeners on BTR, and my viewers on Youtube….