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Your Gas Dollars At Work

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Exxon Mobil sets record profit in Q4. Let's hear it for unfettered capitalism! Exxon Mobil Corp. set U.S. records for annual and quarterly profits Monday as it easily topped fourth-quarter earnings forecasts. The nation's largest oil company reported net income in the fourth quarter of $10.7 billion, or $1.71 a share, compared to $8.4 billion, or $1.30 a share, a year earlier. Excluding items, Exxon Mobil ( Research ) earned $10.3 billion, or $1.65 per share, topping a consensus forecast of $1.44 a share from analysts surveyed by earnings tracker First Call. It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion. Shares of Exxon Mobil gained 2 percent in early-afternoon trading, helping to take the Dow into positive territory. For the year the company earned net income of $36.1 billion, or $33.9 billion excluding special items. That's up 31 percent from the $25.9 billion it earned on that basis year earlier. Exxon Mobil...
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The New Aristocracy®

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As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption. - Steve Forbes We the People. These three words open the Preamble to the U.S. Constitution, a document regarded by most as the cornerstone of the American democratic experience. When Gouverneur Morris wrote the preamble, he was of course referring to the common man. The words were to represent the individuals that made up the American union. The Preamble itself was a statement documenting the purpose of the Constitution, and whom it's laws applied to and protected. I propose changing the terminology. I propose rewording these three words to read: We the Corportation. After all, let's get realistic here... who is running our country and who reaps the benefits thereof? The recent Abrhamoff scandals rocking Congress and K Street may only represent a small exampl...
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Universal Healthcare or Corporate Welfare?

Ever since Hillary Clinton's overreaching Universal Health Care project fell flat in the 90's, we constantly hear Republicans tying the very idea of government sponsored healthcare to Communism and Socialism. Privatization supposedly offers more choices and provides a lower overall cost to the consumer. In theory, they are somewhat correct. In practice, however, that is not the case. The healthcare industry is rapidly consolidating. There are maybe five major players nationally at this point, and as with what is happening to many American industries, you can pretty much make a safe bet that in the next few years, there will be even less choices. Much of this is due to deregulatory legislation that has been very healthy for corporate America over the last few years. I think this is one of the major drawbacks of an unfettered Capitalistic economy. When there are no stops in place, the Corporation is allowed to grow and absorb all that it can, thus eliminating competition and incr...
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