Thursday, July 31, 2008

You Think These Two Stories are Connected?

The growth of the Gross Domestic Product is lower than expected.

ExxonMobil and other oil companies are booking record profits. Exxon's profits were over $11 billion for one fraking quarter.

"Engine Charlie" Wilson once famously stated: "What is good for the country is good for General Motors, and what is good for General Motors is good for the country".

Clearly, the same cannot be said of ExxonMobil, for what has been good for them has not been good for the rest of us.

1 comment:

  1. And when I hear "drill here, drill now," it's like being beat with the irony stick.

    ReplyDelete

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