Obama did not drop his oil windfall profits tax or reverse his pledge to implement one. The tax was supposed to kick in when oil went above $80/barrel. It's now below that.
I know everyone is desperate to get the first told you Obama was just another lying politician!!1! story, but please, try to wait for one that isn't fake.
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morganmghee Posted 11:03 am
03 Dec 2008
Exxon raked in record profits in '06 even though the price of a barrel of oil ended 2006 at $61.05 http://www.usatoday.com/money/companies/earnings/2007-02- ... http://www.eia.doe.gov/emeu/perfpro/news_i/fni_q406.pdf
Exxon shatters profit records 2007 while crude prices hover between $85-$95 climbing from $50 in mid-January to over $90 in mid-October http://money.cnn.com/2008/02/01/news/companies/exxon_earn ... http://www.dallasfed.org/research/energy/en0704.cfm
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amazingdrx Posted 2:39 pm
03 Dec 2008
A maelstrom of falling prices and profits and layoffs powers itself, one by one industries enter the event horizon and plunge into bankruptcy, the memory of the corporate entity lingers after chapter 11.
Individual fortunes are gone for good, thanks to tighter individual bankruptcy laws, lobbied in by credit card companies disguised as banks, too big to fail.
The only thing that can counter it is confidence. Obama is restoring it already. We collectively shrug off market dips now.
He knows what to do. Manufacturing has to be restarted. This whole maelstrom is made of imaginary currency and its electronic manipulation.
Obama will bring back reality, the reality of real workers and consumers, and smack wallstreet between the eyes with it.
That's how you retrain these meatheads, first you have to get their attention.
http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin
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