$1,000 energy rebate to consumers paid for by a windfall tax on big oil. Now that's the right thing to do, get some of that subsidy money back where it came from.
go Barrack Obama
- Thread starter omegapoint
- Start date
Here you go:
http://www.intrade.com/jsp/intrade/common/c_cd.jsp?conDetailID=409933&z=1217608249562
He is currently trading at 62.2x62.3
I'm not sure if the OP's thread is satire or if he's just another dumb liberal but here's the under reported facts:
"Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company -- $39.5 billion -- even as earnings for the last quarter of 2006 declined 4 percent. The 2006 profit topped the previous record, also by Exxon Mobil, of $36.13 billion set in 2005." [Full story]
While they were recording record profits last year, they were also writing checks to Uncle Sam to the tune of $100.7 billion -- two and a half times what they made in net profit. In fact, previous Tax Foundation research found that from 1977 to 2004, federal and state governments extracted $397 billion by taxing the profits of the largest oil companies and an additional $1.1 trillion in taxes at the pump. In today's dollars, that's $2.2 trillion.
http://www.taxfoundation.org/blog/show/2195.html
Exxon's 2007 Tax Bill: $30 Billion
http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion
http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion
Quote from Mvic:
And the ticker symbol on Mr Obama is what? [/QUOTE
The ticker symbol for omegapoint is MORON. It is an OTC stock.
Regardless, if Obama's contract get's down in the 50's I'm a buyer. McCain is the new Bob Dole. Obama can only defeat himself at this point.