ExxonMobil reported a nearly $15 billion third-quarter profit today, a new American milestone of capitalist excess. Fifteen. Billion. Dollars. So far the company has made $80 billion plus in the last 21 months or so despite the financial downturn.
Companies make profit, it's what they do. But oil companies still need government subsidies for "exploration" and land deals and tax credits and discounts, and ExxonMobil is making roughly $1 billion a week, and that's where I have something of a problem with them when they're still demanding my taxpayer dollars with the best lobbyists money can afford.
And of course, the Maverick Twins fought these companies so very hard. Dems are just as complicit. But it's time to get our priorities straight.
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