Let's "Bail Out" Exxon-Mobil

Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 6:39 am

As long as we are now "Nationalizing" many big corporations, for the greater good of our country, why not take over Exxon-Mobil & all the other big oil companies too?
Do something that'll help us taxpayers for a change! (It's our money after all!)
Devil505
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: coaledsweat On: Mon Sep 22, 2008 7:53 am

It would make more sense to let them bail out the banks since they have the steam to do it. Then you could get a mortage to pay for your next tankful when you fill up. :)
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 8:09 am

coaledsweat wrote:It would make more sense to let them bail out the banks since they have the steam to do it. Then you could get a mortage to pay for your next tankful when you fill up. :)


Nah........As long as their using my tax money to socialize corporate debt, I'd rather invest my money in something profitable.........like Exxon-Mobil. Hey......It's my money....Why don't I get to decide what I want to buy?? :mad:
(if their going to take my money from me, (at gunpoint) I demand a voice in where they spend it!!....& I don't want to buy all their garbage & pay for their wars for oil....I want some good stuff........I want Exxon-Mobil!! :rambo: :rambo3: :rambo2:
( gotta make our voices heard......."Our" being me & my buddies.....Mr. Smith, Mr. Wesson & Mr. Remington!) :) :lol:

Just kidding.......at least for now. ;) :devil:
Devil505
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: stovepipemike On: Mon Sep 22, 2008 9:14 am

Actually ,Exxon folks are probably lighting up a long celebratory cigar over this entire calamity. After all,the heat is off their style of "monetary excesses" for a timeperiod anyhow. What really has me wondering is not what the Fed is telling us,it is the unspoken real mess they are not fully disclosing and quietly solving for us.They have yet to say how much Joe Average will be affected. Money doesn't come off a tree or out of thin air.Then again they all know too well just how to make it appear. Keep Alert and watch for the other shoe to hit the floor !!
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 9:32 am

stovepipemike wrote:Actually ,Exxon folks are probably lighting up a long celebratory cigar over this entire calamity. After all,the heat is off their style of "monetary excesses" for a timeperiod anyhow.



Very true & while John McCain wants us to believe that our real enemy is in Iran or someplace else, it is his buddies in Exxon-Mobil that are killing us right here with higher prices for everything. The middle class is in real danger of extinction, & it's not the Iranians who are doing it!
Devil505
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Mark (PA) On: Mon Sep 22, 2008 10:11 am

While John McCain and his buddies CAN be blamed the fact of the matter is right now. parties asside, the WHOLE ENTIRE CONGRESS AND PRESIDENT should shoulder the blame.

These people are ruining this country day by day. That is the bottom line as to what they are doing right now.

I don't think most americans have any idea just how stupid these people are getting with throwing this money around like they are. This country is in a SAD STATE and OBAMA OR MCCAIN I am afraid will not fix it either. Its time to wake up America...

And who will suffer because of these ideas???? The same people who vote for these idiots come November. Washington is like some sort of island out of touch with everything else.
Mark (PA)
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: greentjdude On: Mon Sep 22, 2008 10:34 am

the thing that bothers me is everyone getting on the oil companies backs. they make a 10% profit margin and the media never says that, they just say "billions". they are in buisness to make money and their margin is 10%, big deal. look at other companies. i dont know what the exact # is for the company i work for but it was over 10% last year otherwise i wouldnt get a bonus. banks charge huge percentages on credit cards and loans and they are going bankrupt?? i dont like paying high gas prices like the next guy but what are we to do? lets take thier "windfall" profit and do what exactly with it? what is the definition of "windfall"? there are tons of companies out there that make a 10% or better profit margin, are we gonna take thier "windfall" also? how about the individual? i put away greater than 10% of what i earn, does that mean the goverment is gonna come take my windfall also? where will it end? what are the rules?
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 10:46 am

greentjdude wrote:he thing that bothers me is everyone getting on the oil companies backs. they make a 10% profit margin



Wrong! They may REPORT a 10% profit margin for IRS purposes....They make allot more than that in actuality.

Opinion: Anyone who believes their BS is either making tons of money with them.......or is blind to the truth.


Either way....I want to own Exxon-Mobil......Not AIG's debts!
Devil505
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: greentjdude On: Mon Sep 22, 2008 10:54 am

whats the truth? whats the real number?

also, what is a "windfall"
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: coalmeister On: Mon Sep 22, 2008 11:03 am

Devil505 wrote:
coaledsweat wrote:It would make more sense to let them bail out the banks since they have the steam to do it. Then you could get a mortage to pay for your next tankful when you fill up. :)


Nah........As long as their using my tax money to socialize corporate debt, I'd rather invest my money in something profitable.........like Exxon-Mobil. Hey......It's my money....Why don't I get to decide what I want to buy?? :mad:
(if their going to take my money from me, (at gunpoint) I demand a voice in where they spend it!!....& I don't want to buy all their garbage & pay for their wars for oil....I want some good stuff........I want Exxon-Mobil!! :rambo: :rambo3: :rambo2:
( gotta make our voices heard......."Our" being me & my buddies.....Mr. Smith, Mr. Wesson & Mr. Remington!) :) :lol:

Just kidding.......at least for now. ;) :devil:


Oh, you guys and the oil company profits. If they can control the price of oil why was it less than twenty bucks in the early 2000's?
It's a lot of money because they are HUGE companies due to mergers. The oil companies make less than a 10% profit margin, there are thousands of companies out there that do way, way, better than that.


Just kidding...for now :D :D
I'm with ya on that one, nice to hear a democrat say it though.
coalmeister
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: spc On: Mon Sep 22, 2008 11:33 am

Devil505 wrote:Either way....I want to own Exxon-Mobil

EXXON MOBIL
(NYSE: XOM)
Last Trade: $80.47

Go for it, if you can handle the risk. :P
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: titleist1 On: Mon Sep 22, 2008 11:33 am

stovepipemike wrote: Money doesn't come off a tree or out of thin air.Then again they all know too well just how to make it appear. Keep Alert and watch for the other shoe to hit the floor !!


Actually our money does come out of thin air. They simply print more "Federal Reserve Note" 's. All it costs is the invoice from the Bureau of Engraving and Printing for the ink and paper. It's not like there is any gold or real estate or any other intrinsically valuable resource (like coal) backing the "note"; just the "full faith and credit" of the US Government.
titleist1
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 11:48 am

I just saw a report (on Fox believe it or not :lol: ) that I'm pretty sure will get us all angry!!
It seems that many of the CEO's of these failed companies (that our tax dollars are bailing out) are retaining their multi-million dollars severance/retirement/Bonus packages for their failures!! One CEO will be retaining his 22 million package that you & i are now paying! :mad:
I'm writing my reps & telling them to vote against any bailout bill that rewards these CEO scum, & suggest we all do the same!!
Last edited by Devil505 on Mon Sep 22, 2008 1:16 pm, edited 1 time in total.
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: Devil505 On: Mon Sep 22, 2008 1:13 pm

greentjdude wrote:whats the truth? whats the real number?

also, what is a "windfall"


Not being an economist & not falling for the "let me lead you off the main point & get lost in the weeds" point of your question, I will answer your question with the same answer Chief Justice Warren is credited with answering when he was asked to define pornography:
" I may not be able to clearly define what it is, but I knows it when I see it."

Similarly, when I see the profits that big oil is reaping these days, there is no doubt that it is a "windfall" & needs to be taxed as such.
Devil505
 
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Re: Let's "Bail Out" Exxon-Mobil

PostBy: acesover On: Mon Sep 22, 2008 1:46 pm

JUST SAY NO bamma
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