Driving through Chi-Town

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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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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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Please Allow Me to Rant

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I was sitting here at my desk listening to "To the Point" with Warren Olney when I had this sudden compulsion to spit my gum out at my monitor. The topic of today's program is "How Much is America Spending on the War in Iraq?". If you check the link tomorrow, there should be a podcast available. What nearly caused the catapult-ulation of my Coolmints Icebreakers onto my Samsung LCD monitor was a mere number. Two trillion dollars, to be exact. That's two thousand billion dollars, not exactly chump change, so to speak. What will really blow your mind is if you put that amount in perspective with what Congress was told it was going to cost to fight the war in Iraq, a mere 60 billion dollars. Think of it like this. You go to a slot machine in Vegas with the full intentions of winning that million dollar jackpot on nickel slots. You put in your nickel, pull the handle and get nothing. So you put another nickel in. And another. After all, it's a million doll...
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