The only thing we would get with nationalized oil is higher prices and
incompetent people in office.
No one has shown that the profits that the oil companies are making are
in any way inappropriate.
6 to one.... half dozen to...... Whatever the truth is, there is no
concern for the consumer just yet. What will it take I wonder. Has
some influential think tank of close advisor's decided that like a Pearl
Harbor incident would be good us, another crash like 29 would be good?
Probably not, why bother when screwing the citizens is going so well?
I won't comment on their profits. But, every so often, a spokesman for one
oil company or another will be quoted on the news, explaining the reasons
for the most recent round of price hikes, and some of the reasons are
insulting to listen to. That's the problem for me.
I think the president could help by getting his comedy writers together and
coming up with a speech which explains why it's good for "the economy" when
gas prices continue to climb.
Through the "golden years of the American middle class" - the 1940s
through 1982 - the top income tax rate for the hyper-rich had been
between 90 and 70 percent. Ronald Reagan wanted to cut that rate
dramatically, to help out his political patrons. He did this with a
massive tax cut in the summer of 1981.
The only problem was that when Reagan took his meat axe to our tax code,
he produced mind-boggling budget deficits. Voodoo economics didn't work
out as planned, and even after borrowing so much money that this year
we'll pay over $100 billion just in interest on the money Reagan
borrowed to make the economy look good in the 1980s, Reagan couldn't
come up with the revenues he needed to run the government.
No problem, rob social security:
That works when most of your oil is sold to others (USA) at a high
enough price to cover the give away.
Someone said Chavez inherited his oil industry, no he stole it off the
backs of international oil companies who built it.
In his defense he is using some of the excess oil profits to help his
people and those of friendly neighbors, but he is doing nothing for the
industry and productivity of his country.
He's just a dictator having a verbal battle with dictator Bush.
There's cheap gas in Iraq too. GO GET IT!
Good point. The only model worth emulating is the one who is on the
best of terms with the owners of "privately owned" media. That way you
can make sure only that which you approve of gets on the airways and
promote market forces at the same time. Large campaign contributions
help round out the proper example.
And when you decide to invade a country you can put reporters for the
free press with the military (for their protection <wink>)and of course,
your pals in the world of corporate media will help drum up support for
When you help set up TV and radio in the countries you conquer you can
tap the vast resources in the free market to help you efficiently
educate the native population on the many wonderful economic
oportunities you have brought from afar. ;)
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