I'm sick and tired of president Bush's need to screw two things up for every one that he does properly. Earlier this week, I regaled you with the good and bad #1. Bush had put a suspension on deposits into the reserves, which would provide more fuel to be refined, hopefully causing a downturn in the oil futures market. Then an hour later, he lowered environmental regulations on refineries, which may also speed up the refining process, but would serve to also further his plans of KILLING OUR PLANET!
Today, Bush gave a speech rejecting Congress' plan to review and tax the profits of the big oil conglomerates, as a stop-gap measure to try to lower fuel prices further, and also get some much-needed tax revenue. Now there are 2 sides to this...there is (1) why he actually did it, and (2) his plans for the money that would otherwise go to the federal government..
(1) His interests and the interests of his friends in high places in the oil industry prevent him from doing anything adverse to the exorbitant profits that companies like Chevron and Exxon are taking. Exxon just reported an 8 BILLION DOLLAR profit just in the first quarter of 2006...that's 89 million dollars that they made A DAY!!! Just imagine getting 3.7 million dollars an hour in wages, and then you can comprehend that.
and
(2) His idea is that, instead of taking the money in tax revenue, he suggests that the large conglomerates use the profits to develop some type of alternate fuel source. UHH...yeah right! They're going to use their profits to create something to compete with themselves? I don't care how much it will be worth at the time that it's perfected, they're not going to burn money on alternate fuels when they can just continue to make more money on the fuel that they're selling now.
The man has no brain in his head whatsoever.
Today, Bush gave a speech rejecting Congress' plan to review and tax the profits of the big oil conglomerates, as a stop-gap measure to try to lower fuel prices further, and also get some much-needed tax revenue. Now there are 2 sides to this...there is (1) why he actually did it, and (2) his plans for the money that would otherwise go to the federal government..
(1) His interests and the interests of his friends in high places in the oil industry prevent him from doing anything adverse to the exorbitant profits that companies like Chevron and Exxon are taking. Exxon just reported an 8 BILLION DOLLAR profit just in the first quarter of 2006...that's 89 million dollars that they made A DAY!!! Just imagine getting 3.7 million dollars an hour in wages, and then you can comprehend that.
and
(2) His idea is that, instead of taking the money in tax revenue, he suggests that the large conglomerates use the profits to develop some type of alternate fuel source. UHH...yeah right! They're going to use their profits to create something to compete with themselves? I don't care how much it will be worth at the time that it's perfected, they're not going to burn money on alternate fuels when they can just continue to make more money on the fuel that they're selling now.
The man has no brain in his head whatsoever.
 | Currently listening: Phantoms By Acceptance Release date: 26 April, 2005 |
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