published Sunday, March 18th, 2012

$2.50 a gallon

about Clay Bennett...

The son of a career army officer, Bennett led a nomadic life, attending ten different schools before graduating in 1980 from the University of North Alabama with degrees in Art and History. After brief stints as a staff artist at the Pittsburgh Post-Gazette and the Fayetteville (NC) Times, he went on to serve as the editorial cartoonist for the St. Petersburg Times (1981-1994) and The Christian Science Monitor (1997-2007), before joining the staff of the ...

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dude_abides said...

hey tu_quoque! Look close, I think one of the wires coming out of the firewall may be in the wrong place! LMAO Lucky the driver's not missing an arm and a leg.

March 18, 2012 at 12:14 a.m.
John_Proctor said...

How long before the howling and name calling starts? I've popped the corn and taken my seat to watch the head explosions.

March 18, 2012 at 12:23 a.m.
Salsa said...

Looks like Clay's DNC talking points E-mail came early today.

March 18, 2012 at 12:26 a.m.
328Kwebsite said...

Someone tell these editors that they are running photos from "Save Our Raptors" volunteer group alongside the Tennessee Horse-Soring Abuse article.

Soaring raptors and abused horses are not the same topic.

Edit the paper.

March 18, 2012 at 12:31 a.m.
dude_abides said...

"Soaring raptors and abused horses are not the same topic."

Horse feathers!

March 18, 2012 at 12:39 a.m.
blackwater48 said...

QUANTITY NOT QUALITY

I thought Newt's pledge to provide $2.50 gas was tied to half gallon increments. If you believe Gingrich to be a serious candidate - and not merely a con man scamming the public with his lucrative national book and DVD tour/Presidential campaign - then you undoubtedly believe his gas pledge.

Romney, Santorum, and Gingrich are an uninspiring bunch of whannabes, but they all share one steadfast pledge: to restore the failed economic policies of George Bush.

Just like George Bush, each republican candidate has promised great tax cuts for the wealthy at the expense of everyone else.

Do you remember what America looked like after two terms of George Bush? Do you remember Stocks in free fall, job losses of nearly 1,000,000 per month, and GDP shrinking at 9%?

That's what each republican candidate has promised to bring back if elected President.

March 18, 2012 at 12:58 a.m.
joneses said...

Finally Clay made a cartoon about a topic that is impacting the majority of Americans. I like the point he is making by saying the Republicans at least want to do something about the high price of gas versus this pathetic fool you disgusting liberals refer to as president saying he can do nothing about the high price of gas. What I find amusing is this disgusting president said the other day "he feels the American peoples pain" referring to the impact of his high gas prices. Well people this moron you voted for president does not feel crap as he does not have to pay for any gas he uses. It is just another lie. He is now sounding like a broken record again by saying he wants to raise taxes on the oil companies. Another lie. If he wanted to do this then he would have when you dummycrats had the House and Senate. Does this foolish president not understand that raising taxes on any business raises the cost of that businesses product? So what this stupid president is really saying he he wants the price of gas to be higher so he can continue with his social engineering. This country will continue to deteriorate if this pathetic fool is elected again.

March 18, 2012 at 6 a.m.
EaTn said...

joneses...remember the price of gas doubling from $2 to $4 under oil men Bush/Cheney, who both vowed that their presidency had nothing to do with it? I guess the rules have changed under Obama. The fact is big oil made over $100 billion profit last year while the GOP vows that cutting their tax credits will hurt their profits. The price of gas is just like the price of stocks which is controlled by speculators, not the president nor, dig baby dig, nor how much we are currently driving in this country.

March 18, 2012 at 6:34 a.m.
alprova said...

I have spotted today's technical mistake in Mr. Bennett's cartoon.

If you measure the height of the door in the arms of the man in the lower right-hand corner, then measure the height of the door opening on the car, you will find that the door is short by about a quarter of an inch.

Oh the humanity!!

March 18, 2012 at 6:50 a.m.
MTJohn said...

joneses said...I like the point he is making by saying the Republicans at least want to do something about the high price of gas versus this pathetic fool you disgusting liberals refer to as president saying he can do nothing about the high price of gas.

If you really believe that the Republicans intend to do something about the high price of gas - other than to pander to voters like yourselves while making oil company executives very rich - I will sell you the Hernando de Soto Bridge for a bargain price.

Ronald Reagan defeated Jimmy Carter by spinning the mythology that the majority of voters wanted to hear. President Obama is not being as forthright as Carter in telling us the truth about energy, but it's obvious that the R's are borrowing from Reagan's playbook.

If increasing domestic production really would do something about the price of gas, why aren't the R's call for the termination of all oil exports from this country?

March 18, 2012 at 7:25 a.m.
Jack_Dennis said...

I don't mind his point of view. He's just not very good.

March 18, 2012 at 7:42 a.m.
joepulitzer said...

Of course, the driver of the Obama cab is a Democrat sharing his wealth like a good Obamanite: The fender goes to the lazy lady down the street who can't work because she gets nervous around people; the door goes to the guy over in projects who doesn't work because he can't stand someone telling him what to do; the tires go to a 19-year-old who has seven kids and one on the way; and the motor, it's going to the guy who has anal glaucoma.

March 18, 2012 at 7:48 a.m.
MTJohn said...

joepulitzer - those stereotypes say a lot more about you than those in society with whom you disagree. The story that you are telling about yourself is not very flattering.

March 18, 2012 at 7:53 a.m.
chet123 said...

IF YOU WANT TO SEE SOMETHING FUNNY...WATCH HOW THE BIG BAD REPUBLICAN CONDUCT THEMSELVE TO DEFEND THE RICH OIL EXECUTIVE....IT IS REALLY FUNNY...I WISH THE BLUE COLLAR REPUBLICAN WOULD OPEN THEIR EYES...NEVER MIND WHAT YOU BELIEVE!!! JUST OPEN YOUR MIND YOU FOOLS......YOU WILL SEE YOUR REPUBLICAN PARTY DROOLING ALL OVER THE RICH AND GREEDY OIL EXECUTIVE....THEY TRY TO BLOCK THE DEMOCRATS FROM INTERVEIWING THE OIL EXECUTIVE HA HA HA HA HA HA....THEY ACT AS IF THE OIL EXECUTIVES ARE THE VICTIMS HA HA HA HA HA...THE PANDER TO THE OIL EXECUTIVE AND KISS THEIR BUTT...IN PUBLIC......THESE ARE PUBLIC HEARER!!!!THEY HAVE NO SHAME!!!!! NOW THEY HAVE ENOUGH NERVE TO ADOCATE 2.50 A GALLON OF GAS......BY THE WAY WHEN GAS PRICES WAS LOW YOU WILL SEE NANCY POLOSI WAS SPEAKER OF THE HOUSE HA HA HA HA....SHE TOOK ON THE OIL EXECUTIVE FOR THEIR LAVISH SALARIES......Hmmmm! WHY ARE REPUBLICAN SUCH A COWARD???? THE OIL COMPANY OWN THEM HA HA HA

March 18, 2012 at 7:57 a.m.
joepulitzer said...

That "not very flattering" story just happens to be true, Little John. The people I mentioned are not fiction. I am related to two of them. And guess who they voted for president last time?

March 18, 2012 at 7:59 a.m.
joepulitzer said...

chet, I can't understand how you can see anything, considering where your head is.

March 18, 2012 at 8:01 a.m.
chet123 said...

THATS REAL FUNNY JOEPULITZER....THATS REAL FUNNY....I GUESS YOU WILL GO TO THE RICH AND GREEDY AND SAY....LOOK WHAT I DID BOSS!...BECAUSE I HOPE POKING FUN AT THE LOWEST OF OUR SOCIETY MAKE YOU FEEL LIKE A REAL MAN....HOPE YOU REALLY FEEL SUPERIOR...I BET YOU WOULDNT DARE TALK LIKE THAT IN PUBLIC...THIS IS WHY CHINA IS EATING OUR LUNCH!!! BECAUSE THEY AND ANOTHER COUNTRY HAVE THE INTEREST OF ALL THEIR CITIZEN.....MAGGOT LIKE YOU ARE ONLY PARASITES TO THIS COUNTRY.....WHO ARE YOU GOING TO INFLUENCE WITH YOUR FOREIGN POLICIES,,,Hmmmmmm!....YOU DONT BELEIVE IN DEMOCRACY HERE IN AMERICA.....WHAT COUNTRY YOU GOING TO INFLUENCE.....AND WHAT CONTRIBUTION HAVE YOU MADE IN AMERICA......MAYBE I CAN ANSWER THAT....NONE!!!!!..YOUR KIND IS ONLY A BLOOD SUCKER......AND YOU WANDER WHY THE WOMEN DONT WANT TO REPRODUCE(IN YOUR AFFORD TO SUPPRESS BIRTH CONTROL) YOUR BABIES HA HA HA

I BELEIVE YOU ARE JEALOUS OF THE GIRL WITH 9 CHILDREN...BECAUSE PEOPLE LIKE YOU AND RUSH LIMBAUGH CANT PERFORM...HA HA HA HA HA.....I GUESS I WOULD BE A HATER TOO HA HA HA..IF I COULDNT PERFORM.....THIS IS WHAT HAPPEN WHEN YOU HARBOR IN ALL THAT HATE HA HA HA...YOU ARE A FUNNY LITTLE MAN..HA HA HA

March 18, 2012 at 8:15 a.m.
MTJohn said...

joepulitzer said...That "not very flattering" story just happens to be true, Little John. The people I mentioned are not fiction. I am related to two of them. And guess who they voted for president last time?

The people you mentioned may be real. However, that does not make them accurate stereotypes for those in our society who receive public assistance.

And, a second point: follow the money. To the extent your relatives belong in today's cartoon, they are the consequence of a destroyed middle class. They are not the cause for the destruction.

March 18, 2012 at 8:18 a.m.
chet123 said...

JOEPULITZER...I CAN SEE YOU ARE A BUTT KISSER TO THE RICH AND GREEDY....THE SAD PART IS YOU THINK YOU ARE RICH HA HA HA HA.....NOT HARDLY....LIVING IN CHATTANOOGA OR SURROUNDING AREA....MAYBE MIDDLE CLASS OR UPPER MIDDLE-CLASS....THIS IS WHAT HAPPEN WHEN A MAN IS A COUPLE OF GENERATIONS FROM APPALACHIAN DIRT FARMERS........LIVING OFF TREE SQUIRRELS AND GRAVE-YARN POSSUMS....GOD BLESS YOU A LITTLE AND YOU GO CRAZY.....HA HA HA

March 18, 2012 at 8:25 a.m.
Jack_Dennis said...

Chet123: Are you eleven?

March 18, 2012 at 8:26 a.m.
chet123 said...

GLAD I'M A DEMOCRAT.....REPUBLICAN HAVE ONE LITTLE PROBLEM.....WHEY CANT GOVERN....WHAT THEY ARE GOOD FOR A SHOOTING OFF AT THE MOUTH THEN BACK TRACKING.....THEY HAVE MADE ZERO CONTRIBUTION TO THIS COUNTRY....NONE!!!!....

March 18, 2012 at 8:31 a.m.
chet123 said...

JACK_DENNIS....ASK YOUR WIFE!!

March 18, 2012 at 8:49 a.m.
chet123 said...

I TRIED TO TALK CIVIL TO YOU REPUBLICAN...BUT YOU DONT UNDERSTAND AND DONT APPREICIATE CIVIL DIPLOMACY....SO I TALK DOWN TO YOUR LEVEL......THAT OBAMA DOWN FALL HE IS A NICE GUY WHO TRY TO BEHAVE AS A GENTLMAN.....BUT YOU CANT TALK NICE TO REPUBLICAN THUGS....

March 18, 2012 at 8:53 a.m.
Jack_Dennis said...

chet123: one child left behind.

March 18, 2012 at 8:56 a.m.
mymy said...

This report is from a Wall Street Journal article:

As gas prices rise, no relief in sight at pump “Refineries in the Northeast are under financial pressure for two reasons. They have limited access to cheaper, high-grade crude oil produced in the middle of the U.S. because there are not enough pipelines, which is forcing them to pay more for oil from elsewhere, most of it from overseas. And many of their facilities aren't set up to process lower-grade crude that is cheaper. As Northeastern refining capacity declines, it will force distributors in the region to buy gasoline from elsewhere, pushing up prices across the country and increasing the likelihood of price spikes, government officials and analysts warn. "There's now going to be a question if we can get enough gasoline into the East Coast for summer," said David Greely, an energy analyst at Goldman Sachs Group Inc. The U.S. Energy Department has warned a shortfall could develop as early as July.”

Read more: http://www.foxnews.com/politics/2012/03/17/as-gas-prices-rise-no-relief-in-sight-at-pump/#ixzz1pTLeQLi6

March 18, 2012 at 8:57 a.m.
chet123 said...

JACK DENNISITS NOT YOURS BUDDY....YOU ARE STERILED....YOUR WIFE TOLD ME YOU ARE SHOOTING BLANKS....YOU KNOW IMPOTENT!!

March 18, 2012 at 9:01 a.m.
Jack_Dennis said...

Chet: 7th grade, max.

March 18, 2012 at 9:08 a.m.
chet123 said...

MYMY...IF YOU BELEIVE THAT THE SOUL REASON...MAYBE YOU ALSO BELEIVE IN THE TOOTH FAIRY AND SANTA CLAUS....GROW UP MAN...GROW UP......

FUNNY HOW YOU TAP DANCE AROUND SPECULATIVE TRADING HA HA HA AND PURE GREED AND MARKET MALNIPULATION. BY OIL COMPANIES WHO ARE NO FRIEND OF OBAMA.....BUT THEY HAVE INTEREST IN REPUBLICAN GETTING BACK IN POWER......BECAUSE REPUBLICAN ARE OWN BY BIG OIL....

March 18, 2012 at 9:11 a.m.
Jack_Dennis said...

Uncle

March 18, 2012 at 9:16 a.m.
chet123 said...

WHY CANT THE OIL COMPANY PROVIDE TRANSPANRACY.....Hmmmmmm....TOO MUCH MONEY IS BEING MADE HERE.......WHY DO THEY BLOCK THIS COUNTRY FROM PHRASING OFF OIL AND GAS....Hmmmmmm..WHY HAVE THE OIL COMPANY BOUGHT PATTERN OF ELECTRIC CARS SMALL INVENTORS AND SCRAPPED IT BLUE-PRINT Hmmmmm

THEY USE FOOLS LIKE YOU MYMY

THIS LIE BEING GOING ON FOR OVER FORTY YEARS....THE OIL COMPANY DONT WANT ALTERNATIVE FUEL.....THE OIL COMPANY ARE MAKING TRILLIONS....THIS IS THE BIGGEST CASH COW SINCE SLAVERY IN THE SOUTH AND THE COTTON INDUSTRY

SO MYMY KEEP BELEIVING IN LIES.....A FOOL WILL BE A FOOL...I BELEIVE IT IS TAUGHT BEHAVIOR.....TAUGHT FROM YOUR PAPA AND MAMMY & FAMILY ALONG WITH THE SOUTHERN BAPTIST CHURCH ,EVANGELICAL HYPOCRITES...NOONE CAN BE BORN THAT STUPID

March 18, 2012 at 9:21 a.m.
chet123 said...

JACK DENNIS.....ARE YOU JEALOUS...Hmmmmmm ARE YOU JEALOUS???? YOUR WIFE DONT COMPLAIN....

March 18, 2012 at 9:23 a.m.

If the rise of gas under Bush, is Bush's fault, then the rise of gas under Obama is Obama's fault. For some reason everything was Bush's fault, but nothing is Obama's fault

In fact he hasn't even been here for the last 3 years. That's pretty accurate too. If you total all the time he's played golf, watched sporting events, gone on vacation, and gone on the road raising money he actually hasn't been there.

March 18, 2012 at 9:33 a.m.
mymy said...

Opinion of The Obama delivering his big speech on energy at Prince George's Community College:

“So let's see. The president sneers at the ignorance of 15th century Spaniards when, in fact, he is the one entirely ignorant of them. A man who has enjoyed a million dollars of elite education yet has never created a dime of wealth in his life sneers at a crippled farm boy with an eighth-grade schooling who establishes a successful business and introduces electrical distribution across Michigan all the way up to Sault Ste Marie. A man sneers at one of the pioneering women in broadcasting, a lady who brought the voices of T.S. Eliot, G.K. Chesterton and others into the farthest-flung classrooms and would surely have rejected Obama's own dismal speech as being too obviously reliant on "Half-A-Dozen Surefire Cheap Cracks For Lazy Public Speakers." A man whose own budget officials predict the collapse of the entire U.S. economy by 2027 sneers at a solvent predecessor for being insufficiently "forward-looking." A great nation needs successful self-made businessmen like George Peck, and purveyors of scholarly excellence like Mary Somerville. It's not clear why it needs a smug over-credentialed President Solyndra to recycle "Crowd-Pleasing For Dummies" as a keynote address. They all laughed at Christopher Columbus, they all laughed at Edison... How does that song continue? "They laughed at me..." At Prince George's Community College they didn't. But history will, and they will laugh at us forever taking him seriously.”

http://www.ocregister.com/opinion/president-344963-one-laughed.html

March 18, 2012 at 9:38 a.m.
chet123 said...

CHATTANOOGA...IT WAS THE RISE UNDER A REPUBLICAN CONGRESS....SO DONT PLAY CHILDISH GAMES.....

I DARE YOU TO DO RSEARCH AND SEE WHAT CONGRESS IS IN CONTROL DURING GAS PRICE RISES.....DONT LIE BUDDY.....TELL THE TRUTH....CONGRESS HAVE THE POWER TO SUBPOENA.....ARE YOU REPUBLICAN THAT DUMB????Hmmmm????

PRESIDENT HAVE NOTHING TO DO WITH HIGH GAS PRICES.....IT WAS LOW UNTIL 2008 REPUBLICAN TAKING CONTROL OVER CONGRESS...THE PEOPLE PUT THOSE BUTT KISSER IN SO THE AMERICA PEOPLE DUG THEIR OWN HOLE.....

LOVE THE WAY THE REPUBLICAN HAVE TO TELL LIES...BECAUSE THEIR AUGUMENT ARE SO WEAK....THEY HAVE NOTHING TO STAND ON...NO NOTHING...

March 18, 2012 at 9:42 a.m.
chet123 said...

MYMY....DIVERT THE REAL REASON WHY GAS IS HIGH...NOTICE YOU ARE PROTECTING THE RICH AND GREEDY....YOU HAVE SAID NOTHING TO OFFEND THE RICH AND GREEDY....I WANDER WHY?????? WELL, I KNOW WHY!!!!!!! THIS IS WHY REPUBLICAN CANT GOVERN...THIS IS WHY THEY TRYING TO SUPPRESS VOTER TURN OUT.....THEY ARE THE MAGGOT OF SOCIETY....I HAVE MORE RESPECT IN A BANK ROBBER

March 18, 2012 at 9:46 a.m.
chet123 said...

MYMY....OBAMA NOT THE ONLY ONE LAUGHING AT YOUR PARTY...THE WORLD WORLD IS LAUGHING AT THE REPUBLICAN HA HA HA HA

March 18, 2012 at 9:55 a.m.
rick1 said...

Chet, said DARE YOU TO DO RSEARCH AND SEE WHAT CONGRESS IS IN CONTROL DURING GAS PRICE RISES.....DONT LIE BUDDY.....TELL THE TRUTH....CONGRESS HAVE THE POWER TO SUBPOENA.....ARE YOU REPUBLICAN THAT DUMB????Hmmmm????

PRESIDENT HAVE NOTHING TO DO WITH HIGH GAS PRICES.....IT WAS LOW UNTIL 2008 REPUBLICAN TAKING CONTROL OVER CONGRESS...

Chet, Democrats controlled both the House in Senate from January 2007 until January 2011 when Republicans gained control of the House. In May 2007 as gas prices were rising, Pelosi was blaming Bush. So Chet your comment is a lie.

.

March 18, 2012 at 10:22 a.m.
jesse said...

chet musta got his wellfare check yesterday, he's in the juice bigtime today!lol!

March 18, 2012 at 11:03 a.m.

Hey East TN what I do remember for FACT, is that when it was the previous president KING OBAMA said it was his fault & now that the shoe is on his foot he does not want to take the same blame.

March 18, 2012 at 11:04 a.m.
EaTn said...

The big difference between Bush and Obama on the gas prices is that Obama and Bidden are not in the back pocket of the big oil companies. Bush probably didn't have anything to do with the gas prices but his and Cheney buddies and contributors sure got windfall profits with the rising price of gas.

March 18, 2012 at 11:38 a.m.
Jack_Dennis said...

Chet needs a refresher course on his GED.

March 18, 2012 at 11:48 a.m.

Yeah, right, EaTn, and Cheney made a killing from all that oil in Iraq too. My points stands strong. Bush was to blame for everything, Obama gets blamed for nothing. Obama behaves as if he inherited a third world, bannana republic economy. Our fathers, and their fathers did not nothing but screw up for a couple of hundred years and it will take mighty wizard of O to fix it. He's very much a pompous ass.

March 18, 2012 at 12:28 p.m.
mountainlaurel said...

MtJohn said: “If increasing domestic production really would do something about the price of gas, why aren't the R's call for the termination of all oil exports from this country?”

I believe you’re expectations of these Republican politicians is too high, MtJohn. It’s not like they’re known for having a lot of common sense. Indeed, from what I can tell most of them still haven’t figured out that it costs half as much to drive a car a mile if it gets 40 miles a gallon than if it gets 20 miles a gallon. Know what I mean?

March 18, 2012 at 12:39 p.m.
EaTn said...

Interesting facts of price of gasoline: --January 2003, about $2.10 then rose steady --July 2008, about $3.50 --November 2008, about $2.50 then rose steady --December 2011, about $3.50

Do you think the major drop between July and November election of 2008 was coincidental?

March 18, 2012 at 12:53 p.m.

Maybe the reason Clay's cartoons often elicit little more than partisan name-calling is that they never require much serious thought or analysis. Well-drawn figures, but a two-dimensional, simplistic message. These are the newspaper equivalents of PAC ads on TV. What a missed opportunity for nuanced dialogue - exactly what's missing from public deliberations.

March 18, 2012 at 1:14 p.m.
dude_abides said...

mountainlaurel... their world is crashing down around them and they can't figure it out. Their compensation issues cause them to drive huge "masculine" trucks, with huge phallic guns in them, and they can't bear that this is kicking their a$$es financially. They are driving around in their tanks not recognizing that they are driving up the cost of each others fuel. They cannot admit they are wrong, even though it is costing them dearly. Likewise, they think they can renew energy as easily as they renew their souls every Sunday.

March 18, 2012 at 1:14 p.m.
rick1 said...

EaTn said Bush probably didn't have anything to do with the gas prices but his and Cheney buddies and contributors sure got windfall profits with the rising price of gas.

Please explain what windfall profits are? Do you have any proof of what you said about Cheney and his contributors. Of course not because it is a lie.

Everytime prices go up congress brings the CEO's of big oil companies up to the Hill, and each time it is proven that there is no proof of price gouging or doing anything else that would be improper or illegal.

Big Oil creates jobs and pays a lot of money in taxes. Obama's failed attempt to fund green energy has cost the tax payers billions as several of these companies have either closed or laid off workers. Yeah Big oil is the bad guy.

March 18, 2012 at 1:15 p.m.
dude_abides said...

whats_wrong... as soon as I read 'nuanced dialogue' I looked over at your avatar. Pretty partisan, if you ask me! Maybe you meant 'seanced dialogue.' lol

March 18, 2012 at 1:23 p.m.

LOL it is comical to read the same people that bashed the former president for the cost of fuel try and make every excuse why it is not the current president's fault. I guess it is easier to keep your heads in the sand than to admit he was not the right choice.

March 18, 2012 at 1:36 p.m.
blackwater48 said...

REPUBLICANS WILL COMPROMISE

Each time you agree with them.

The right wing nut job true believer born again christian tea bagger has received the word from god himself so really, to act diferently would be a sin, a slap across the lord's face.

Bow down before the divine GOP and drill, baby, drill.

March 18, 2012 at 1:44 p.m.
mountainlaurel said...

Dudeabides said: “Their world is crashing down around them and they can't figure it out. Their compensation issues cause them to drive huge "masculine" trucks, with huge phallic guns in them, and they can't bear that this is kicking their a$$es financially.”

Indeed, DudeAbides. Unfortunately, there are lots of other things they also haven’t figured out. I recently read that the wages of white males with just high school degrees (no college or vocational training) has barely move in three decades.

March 18, 2012 at 1:49 p.m.
hambone said...

Is there a shortage of gas? NO!

Have you seen stations running out of gas? NO!

Fact is drivers are lazy! They will stop at the station that is a penny more, but easier to get into, rather than cross traffic to the one that's cheaper.

Remember when everyone was boycoting BP? BP really droped their prices!

If everyone will make an effort to effect the oil companies bottom line, you will see a difference!

March 18, 2012 at 2:05 p.m.
mountainlaurel said...

Blackwater48 said: “The right wing nut job true believer born again christian tea bagger has received the word from god himself so really, to act diferently would be a sin, a slap across the lord's face. Bow down before the divine GOP and drill, baby, drill.”

I don’t believe it fair to blame the crazy irrational conduct of the tea baggers on the lord, Blackwater48. No, I strongly suspect their rabid “drill, baby, drill” mentality is caused by the “pink slime” in all of that red meat they’ve been consuming.

March 18, 2012 at 2:10 p.m.
stanleyyelnats said...

What is interesting is the video of all the FOX nuggets of intelligence dialoguing about W Bush and the HIGH price of gasoline during his missed years in the white house.

The same people who blame President Obama today.

The facts about high gasoline prices if you dare --> Click

The price and Republican excuses when W Bush was the cause!

A riot of laughs Republicans are.

Click here if you want the truth ---- > Click

For a laugh simply click here --- > Click

And now Republicans want to blame President Obama. This is why Republicans should NOT be in control of the country!

March 18, 2012 at 2:38 p.m.
dude_abides said...

I'd like to see tu_quoque submit something for our perusal, instead of just saying he/she doesn't get payed for it, so there. I would be willing to give up getting to read 50 of tu_'s posts, so that the time and energy spent could be used to do us an infallible and topically incisive rendition of truth-humor. What say you, tu_bonic plaiger?

March 18, 2012 at 2:44 p.m.
stanleyyelnats said...

The nuggets of Ad Hominem (Argument To The Man)arguments are indeed insightful.

Most name calling is because the name caller couldn't make a purposeful argument if the argument bit the name caller on the butt.

But it is the south. and is entertaining.

March 18, 2012 at 2:46 p.m.
patriot1 said...

Chet....I really enjoy reading your posts. You articulate the liberal/progressive position so well!!! Have you ever thought about your own column? Syndication?

March 18, 2012 at 2:53 p.m.
MTJohn said...

whats_wrong_with_the_world said...

Maybe the reason Clay's cartoons often elicit little more than partisan name-calling is that they never require much serious thought or analysis. Well-drawn figures, but a two-dimensional, simplistic message

au contraire. Clay's cartoons do, in fact, invite serious thought. But, as well evidenced by the exchanges on this board, too many folks decline that invitation. They, not Clay, are the ones who craft the two-dimensional simplicity because they are more interest in partisan diatribes than thinking.

March 18, 2012 at 2:55 p.m.
EaTn said...

rick1 asked me..."Please explain what windfall profits are?"

Regarding oil--windfall profits are when the price of oil and gasoline go up, all the oil and gasoline in storage that was purchased at the lower price goes up with an extra profit between the difference. In addition, all the unpumped in ground oil becomes more valuable for those who are drillers and speculators. Bingo, windfall profits with no effort added.

March 18, 2012 at 2:55 p.m.
alprova said...

Excellent response EaTn!!

March 18, 2012 at 3:09 p.m.
hambone said...

If oil companies only passed on the increased cost of crude oil. they wouldn't be posting RECORD PROFITS!

March 18, 2012 at 3:26 p.m.
EaTn said...

patriot1 said...

Chet....I really enjoy reading your posts. You articulate the liberal/progressive position so well!!! Have you ever thought about your own column? Syndication?

I DOUBT CHET WOULD TAKE THE STEP DOWN IN SALARY.

March 18, 2012 at 3:27 p.m.
dude_abides said...

Can't help but notice the stands in Bristol are very sparsely populated. Guess the fans can't afford to drive their gas guzzlers to the FUEL FEAST that Nascar is presenting today

March 18, 2012 at 4:09 p.m.
rick1 said...

EaTn said all the oil and gasoline in storage that was purchased at the lower price goes up with an extra profit between the difference

So, what percent of extra profit would make it a windfall profit?

March 18, 2012 at 4:10 p.m.
LibDem said...

Thanks for intelligent comments. Most seem to miss the relationship between price and demand and instead go straight for the politicians.

As long as people are speeding, gas is cheap. As long as people sit in drive-thru lanes with engines running, gas is cheap. When people decide gas is expensive, they will moderate their actions and reduce the price.

March 18, 2012 at 4:26 p.m.
conservative said...

Exon's profits for one, are pennies per dollar of revenue, yet Lieberals have gotten their sheep to focus on "record profits" as if that is evil. Scores of successful companies make record profits each and every year.

March 18, 2012 at 4:33 p.m.
rick1 said...

conservative, spot on and all of these companies pay tax on all of their profits regardless if they are windfall profits or not.

March 18, 2012 at 5 p.m.

Obama and chu are perfectly fine with $5.00 a gallon gas. Elitists, both of them. Most cannot afford that. 100% proof that Obama is out of touch. Nobody with a sense of empathy, or who has actually worked and driven to work would be OK with that. Many won't go on vacation this year because of the cost. You can bet the Obama's will have at least two, or three. I'm sure those that can't go on vacation, and see photos of the Obama's this cummer lapping up icecream in exotic places, will keep in mind that Obama is ok with $5.00 gas.

March 18, 2012 at 5:18 p.m.
dude_abides said...

tu_quoque said..."Behold the above Libtard economic brain trust. I can see that the concept of supply and demand is completely foreign to you loons."

AHA! So the conservatards are blaming Obama for high demand on petroleum products! Now I get it. Thanks tu_.

March 18, 2012 at 5:24 p.m.
conservative said...

tu quoque.... I know you jest but as committed Socialists, Obamination and the Demoncrats would love to nationalize those companies if they had their way.

BTW Apple's profit margin last year was 28.20%!

http://ycharts.com/companies/AAPL/profit_margin

March 18, 2012 at 5:30 p.m.
conservative said...

ChatTN........ It was $8.00 a gallon, much worse.

March 18, 2012 at 5:37 p.m.
rolando said...

Ah! That's better; ClayBoy has GOP symbols all over the place with this one.

Hey, ClayBoy! You must not have gotten the memo from your handlers -- the rest of the FarLeft Media is jumping all over Allen West! All because Rep West [corre3ctly] remarked that the only reason the stock market is rising is because the traders are seeing a Republican sitting behind the Resolute Desk in the Oval Office next January. Rep West further said BHO [the undocumented Kenyan and Chief Usurper] had nothing whatsoever to do with it [or anything else positive in this country]. Well, that parenthetical bit was mine.

That media hates it because Rep West is always right...

March 18, 2012 at 5:38 p.m.
rolando said...

Fluke is a known rabble-rouser. She serves one purpose -- diverting attention away from BHO's [the undocumented...etc, etc...Usuper] personal and official attacks -- as a sitting President -- on the First Amendment [and the Second if re-elected].

March 18, 2012 at 5:42 p.m.
EaTn said...

Back to the big oil: Exxon Mobil, Chevron and Conoco Phillips ranked second, third and fourth respectively in the latest Fortune 500 ranking. Wal-Mart was ranked first. Kinda puts the oil business in perspective.

March 18, 2012 at 5:46 p.m.
dude_abides said...

Obviously, it's difficult to be tu_ella deville and a lady. So glad that none of the women in my life are so base. Try not to compromise your dignity in the future, it makes me wince.

March 18, 2012 at 6:17 p.m.
conservative said...

EaTn.... And your point is?

Big oil's profit margin is pennies on the dollar. Virtually every one in the industrialized world uses products refined from oil every day. These pennies add up to billions.

How many people buy a phone EVERY day?

March 18, 2012 at 6:24 p.m.
miraweb said...

As much as I might disagree with Sarah Palin on most matters, I think she was right about the offensiveness of the "-tard" epithets. I have a nephew with Down's Syndrome.

All the variations of the "retard" name calling don't impress me at all. Any chance we could take it up a notch, ladies and gentlemen?

March 18, 2012 at 6:27 p.m.
miraweb said...

I think the election may be a red herring. Yeah - big oil wants the White House. But they can block anything uncomfortable in the Senate and that isn't going to change.

If you look at Exxon's balance sheet they got slammed on the revenue side by the warm winter. Their revenues were down $4 billion in Q4 and like any good monopoly, they've decided make it back this spring by raising the prices.

The less they sell, the more they charge. In a closed market, they can get away with it.

Source: www.google.com/finance?fstype=ii&q=NYSE:XOM

March 18, 2012 at 6:36 p.m.
EaTn said...

tu_quoque said...

"Personally I hope they stop any tax breaks or grants to the oil companies." We personally don't care what you hope...it has nothing to do with facts or what will happen.

March 18, 2012 at 6:41 p.m.
miraweb said...

There is one limit that the oil cartel has hesitated on in the past. When people start really conserving their gas on a mass scale it makes raising the price higher a losing game.

They will play the price as close to that number (and yes, they know what that number is) for as long as they can.

Clay makes a great point, though. The gas prices are really just insult to injury for the losses most of the country has faced in the past 3 1/2 years.

March 18, 2012 at 6:53 p.m.
dude_abides said...

miraweb... I have consciously avoided the epithet you mention, but used it in a tit for tat exchange. I think we all have loved ones with various degrees of difficulty in this world, and understand what you're saying. You'll not see it again from my keyboard, but good luck having any sway with tu_. tu_ laughs at God.

March 18, 2012 at 7:08 p.m.
miraweb said...

More like a fear of big oil companies cutting off the Congress, I suspect.

I think you vastly overestimate the willingness of the Congress to cross their biggest contributors.

We pay each member of Congress $174,000 per year. That is less than pocket change on the Big Oil contribution scale.

Exxon gives 85% of its direct contributions to Republicans. If you want to know why oil prices are so high, ask an oil company.

Direct Contributions: http://www.opensecrets.org/orgs/list.php?order=A

Pacs and SuperPacs: http://www.opensecrets.org/orgs/indexp.php

March 18, 2012 at 7:09 p.m.
miraweb said...

Thanks, Dude. I appreciate and accept the apology.

March 18, 2012 at 7:10 p.m.
miraweb said...

TQQ: Even Exxon has to do the books. There is lag time as they figure out how much they actually spent vs. how much they actually sold. They have to refine product ahead of the season and if the season doesn't play nice, they have to pad up the numbers to keep their stock price shiny.

If they make fuel oil and it doesn't sell, they can make up the numbers selling gasoline but they have to change product at the refineries.

At least, they can make it up as long as they are a cartel and don't have any real competitors.

Their numbers show big cuts in R&D and in their operating expenses, which means they were already slimming their operations to push up their profits before the winter really got going.

Or not going, as the case may be.

Gas prices are high because Exxon needs cash and you need gas.

March 18, 2012 at 7:14 p.m.
BobMKE said...

Winners solve the problem. Losers blame someone else for the problem. = Oblamea, the loser in November.

March 18, 2012 at 7:58 p.m.
rolando said...

Here is what a former mayor of San Diego and a current nationally syndicated talk radio host has to say about...

Quote

CALIFORNIA IS OBAMA'S DREAM

I live in California . If you were wondering what living in Obama's second term would be like, wonder no longer. We in California are living there now.

California is a one-party state dominated by a virulent Democrat Left enabled by a complicit media where every agency of local, county, and state government is run by and for the public employee unions. The unemployment rate is 12%.

California has more folks on food stamps than any other state, has added so many benefits and higher rates to Medicaid that we call it "Medi-Cal." Our K-12 schools have more administrators than teachers, with smaller classes but lower test scores and higher dropout rates with twice the per-student budget of 15 years ago. Good job, Brownie.

This week, the once and current Gov. Jerry "Moonbeam" Brown had to confess that the "balanced" state budget adopted five months ago was billions in the red because actual tax revenues were billions lower than the airy-fairy revenue estimates on which the balance was predicated.

After trimming legislators' perks and reducing the number of cell phones provided to state civil servants, the governor intoned that drastic budget reductions had already hollowed out state programs for the needy, law enforcement and our schoolchildren. California government needed more money.

Echoing the Occupy movement, the governor proclaimed the rich must pay their fair share. Fair share? The top 1% of California income earners currently pays 50% of the state's income tax.

California has seven income tax brackets. The top income tax rate is 9.3%, which is slapped on the greedy rich earning at least $47,056 a year. Income of more than $1 million pays the "millionaires' and billionaires'" surcharge tax rate of 10.3%.

Brown's proposal would add 2% for income over $250,000. A million- dollar income would then be taxed at 12.3%. And that's just for the state.

Brown also proposed a one-half-cent sales tax increase, which would bring sales taxes (which vary by county) up to 7.75% to as much as 10%. Both tax increases would be on the ballot in 2012.

The sales tax increase proposal immediately brought howls of protest from the Left (of Brown!). Charlie Eaton, a sociology grad student at UC Berkeley and leader of the UC Student-Workers Union, said, "We've paid enough. It's time for millionaires to pay."

At least five other ballot measures to raise taxes are circulating for signatures to get on the 2012 ballot in California. The governor's proposals are the most conservative.

March 18, 2012 at 8:07 p.m.
rolando said...

[continued...]

The Obama way doesn't end with taxes.

The governor and the state legislature continue to applaud the efforts of the California High Speed Rail Authority to build a train connecting Los Angeles and San Francisco. Even though the budget is three times the voter-approved amount, and the first segment will only connect two small towns in the agricultural Central Valley. But hey, if we build it, they will ride.

And we don't want to turn down the Obama bullet-train bucks Florida and other states rejected because the operating costs would bankrupt them. Can't happen here because we're already insolvent.

If we get into real trouble with the train, we'll just bring in the Chinese. It worked with the Bay Bridge reconstruction. After the 1989 earthquake, the bridge connecting Oakland and San Francisco was rebuilt with steel made in China. Workers from China too. Paid for with money borrowed from China. Makes perfect sense.

In California, we hate the evil, greedy rich (except the rich in Hollywood, in sports, and in drug dealing). But we love people who have broken into California to eat the bounty created by the productive rich.

Illegals get benefits from various generous welfare programs, free medical care, free schools for their kids, including meals, and of course, instate tuition rates and scholarships too. Nothing's too good for our guests.

To erase even a hint of criticism of illegal immigration, the California Legislature is considering a unilateral state amnesty. Democrat State Assemblyman Felipe Fuentes has proposed an initiative that would bar deportation of illegals from California .

Interesting dilemma for Obama there. If immigration is exclusively a federal matter, and Obama has sued four states for trying to enforce federal immigration laws he won't enforce, what will the President do to a California law that exempts California from federal immigration law?

March 18, 2012 at 8:08 p.m.
rolando said...

[continued from above -- again]

California is also near fulfilling the environmentalist dream of deindustrialization.

After driving out the old industrial base (auto and airplane assembly, for example), air and water regulators and tax policies are now driving out the high-tech, biotech and even Internet-based companies that were supposed to be California's future.

The California cap-and-trade tax on business in the name of reducing CO2 makes our state the leader in wacky environmentalism and guarantees a further job exodus from the state.

Even green energy companies can't do business in California. Solyndra went under, taking its taxpayer loan guarantee with it.

No job is too small to escape the regulators. The state has even banned weekend amateur gold miners from the historic gold mining streams in the Sierra Nevada Mountains .

In fact, more and more of California's public land is off-limits to recreation by the people who paid for that land. Unless you're illegal.

Then you can clear the land, set up marijuana plantations at will, bring in fertilizers that legal farmers can no longer use, exploit illegal farm workers who live in hovels with no running water or sanitation, and protect your investment with armed illegals carrying guns no California citizen is allowed to own.

The rest of us only found out about these plantations when the workers' open campfire started one of those devastating fires that have killed hundreds of people and burned out thousands of homes in California over the last decade.

It's often said that whatever happens in California will soon happen in your state.

You'd better hope that's wrong.

Unquote

And that's my native state...I cry for her.

March 18, 2012 at 8:09 p.m.
miraweb said...

Interesting critique. Three posts to get it all in? Really?

Well let's see -- the 1960s are definately alive and well in San Francisco and much of Los Angeles defies logic.

However, move ten miles away from the coast and the Great Satan (that's where you were going, right?) looks pretty much like suburban everywhere.

Silicon Valley (remember them?) seems to be well on it feet, but the housing will take a good long time to resolve. The agricultural belt's biggest problem is still water.

Just when, exactly, was Tennessee going to turn into California?

I mean, there was a pretty mild winter, and all, but I'm curious to know more. Three weeks? Six months? A year?

Will there be a training guide and a test?

Have they started making the new license plates yet? Maybe they'll get the one with the palm trees and golden sun logo. Nice colors on that one.

Or did you mean we all need to get really, really scared so we don't fall into the Vaaast----Sociaaal--iiist---Abyyyssssss (insert scary music here).

Folks, the country has real problems.

Cute rhyming slogans and conjuring fake enemies can only sound hollow to people who are struggling everyday with real, serious problems.

It would be incredibly delightful to see the candidates focus on real concerns for the eight months left until the election.

March 18, 2012 at 8:45 p.m.
mountainlaurel said...

EaTn said: “Back to the big oil: Exxon Mobil, Chevron and Conoco Phillips ranked second, third and fourth respectively in the latest Fortune 500 ranking.”

Yes, there is much to discuss on the subject of ExxonMobil, Chevron etc. In addition to issues involving deadly pollution and environmental disasters, there are the issues of:

Negative Tax Rates & Loopholes in the U.S. Tax Code:

Between 2008 and 2010, a dozen major US corporations—including General Electric, ExxonMobil, and Verizon—paid a negative tax rate, despite collectively recording $171 billion in pretax US profits, according to an analysis by Citizens for Tax Justice. Taken together, these companies' tax burden was -$2.5 billion, and ten of the companies recorded at least one no-tax year between 2008 and 2010.

http://motherjones.com/mojo/2011/06/ge-exxon-10-other-major-corporations-paid-negative-tax-rate

The Art of Messing Around With the Public Psyche:

“Exxon Mobil wants to tell you something: It pays taxes. . . In the first months of this year, Exxon . . . says it paid $3.1 billion in taxes in the United States -- more than even the $2.6 billion in profit it made selling oil and gas.

To get to that number, the company includes the federal and state gasoline taxes that the company collects from drivers and passes on to government coffers. It also includes payroll taxes the company pays on behalf of its employees. . .

. . . They are counting taxes they don't pay," said Bob McIntyre, a director at Citizens for Tax Justice. "Payroll taxes are on the workers, sales taxes are on the consumers."

http://money.cnn.com/2011/05/04/news/companies/exxon_oil_taxes/index.htm

Profits, Profits, Profits. . . and Pain at the Pump:

“Big Oil Made a Record $137 BILLION in Profits Last Year: Just the five largest oil companies — ExxonMobil, ConocoPhillips, BP, Chevron, and Shell — booked a combined profit of $137 BILLION in 2011, even though these companies produced 4 percent less oil in 2011. And of course Big Oil’s record profits are directly related to increasing pain at the pump for American consumers”

http://thinkprogress.org/progress-report/five-facts-about-gas-prices/

March 19, 2012 at 8:17 a.m.
davisss13 said...

Republicans are brainless cult members who change fundamental definitions and standards of behavior in a heartbeat. You 'patriots' have -0- honor, integrity or decency.

March 19, 2012 at 8:20 a.m.
conservative said...

The profit margin for Exon corporation last year was 7.73%

http://ycharts.com/companies/XOM/profit_margin

The profit margin for Apple last year was 28.20% !!!

http://ycharts.com/companies/AAPL/profit_margin

March 19, 2012 at 8:32 a.m.
BluesHarp said...

Quotes on repeating the lies of the ruling (1%) elite... Why their 'useful idiots' vote against their own interests:

"Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all." -John W. Gardner

"Fanaticism consists of redoubling your effort when you have forgotten your aim."
- George Santayana

"The corporate grip on opinion in the United States is one of the wonders of the Western world. No First World country has ever managed to eliminate so entirely from its media all objectivity- much less dissent." - Gore Vidal

"I wouldn't call it fascism exactly, but a political system nominally controlled by an irresponsible, dumbed down electorate who are manipulated by dishonest, cynical, controlled mass media that dispense the propaganda of a corrupt political establishment can hardly be described as democracy either." - Edward Zehr

"The ruling class has the schools and press under its thumb. This enables it to sway the emotions of the masses." - Albert Einstein

“The fundamentalist mind, running in a single rut for fifty years, is now quite unable to comprehend dissent from its basic superstitions, or to grant any common honesty, or even any decency, to those who reject them” -Henry Louis Mencken

“For the great majority of mankind are satisfied with appearance, as though they were realities and are often more influenced by the things that seem than by those that are.”  -Niccolo Machiavelli

March 19, 2012 at 9:04 a.m.
rolando said...

Never forget...it was the Democrats -- and only the Democrats -- who brought down the curse of ObamaCare upon us all.

Not only that, but they brought down its granddaddy that started it all...MediCare.

The Democrats are set upon destroying our energy industry, impoverishing us all -- except for the ruling elites, of course.

The Democrats motto is, "F==ke 'em All. I Got Mine and I Am Exempt from The Rest".

March 19, 2012 at 9:16 a.m.
fairmon said...
  1. List item

Gas should go to $8-10 a gallon and it should happen within the next 90 days. That may force people and the governments to get off thier lazy arse and do something other than gum the issue to death.

March 19, 2012 at 9:24 a.m.
BluesHarp said...

BTW, whether you know it or not, Clay Bennett represents a rare oasis of freedom, liberty, justice and democracy right here in Chattanooga. REAL Journalism is all about the essential function of questioning power. When the 1% elite corporates own the airwaves and press, it is rarely allowed. The "Liberal Media" is a huge hoax...a lie repeated often enough to gain (Nazi-style) legs.

Kudos to the Times for making a place for Clay. His work keeps America more honest...and strong.

March 19, 2012 at 9:25 a.m.
BluesHarp said...

Yeow...Comment removed I commented on...

March 19, 2012 at 9:28 a.m.
alprova said...

Every time the subject comes up of profits, the right focuses all of their attention on profit margins. Profit margins are only part of the story.

The U.S. Energy Information Administration's analysis of the oil industry's profit performances, showed that a return on equity of 27 percent that the oil industry routinely receives, is about 10 points higher than that which typical manufacturers of products earn on products that are brought to market.

"Exxon Mobil's profits are 80 percent higher than those of General Electric, which used to be the largest U.S. company by market capitalization before Exxon left it in the dust in 2005. The new economy? Microsoft earns about a third as much money. And next to Exxon, the world's largest retailer, Wal-Mart, looks like a quaint boutique, with annual profits of about $11 billion."

"If Exxon Mobil were a country, its 2007 profit would exceed the gross domestic product of nearly two thirds of the 183 nations in the World Bank's economic rankings. It would be right in there behind the likes of Angola and Qatar—two oil-producing nations, incidentally, where Exxon has major operations."

Source: http://money.usnews.com/money/business-economy/articles/2008/02/01/exxons-profits-measuring-a-record-windfall

Any comparison of oil companies to manufacturers of products that anyone can live without, is pointless. People can live just fine without an I-Pod, a Mac, or an I-Phone, if their budgets cannot afford them.

Gasoline is a necessity for most people in this nation. Because it is a necessary expense, when it costs more to purchase it, the money has to be trimmed elsewhere to accommodate for the added expense, especially if they live on a tight budget.

Soon, a renewed rush will ensue by consumers to purchase transportation that gets better gas mileage. Then, when gas prices ease, which they will eventually, people will drive up to the dealers to trade those four-bangers in on another gas guzzler.

It's a viscous cycle that keeps repeating itself over and over and over again.

"Hop a bus or a train," you might say. If every American who had access to public transportation were to climb on board a bus or other types of public transportation, only 32% of us would get to work each day.

It's going to take all of us to adopt energy conservation habits to overcome this nation's addiction to oil. We can't eliminate it, but by starting out by making anything with a V-8 engine in it something to put in your yard and to plant flowers in, would be a good start.

March 19, 2012 at 9:33 a.m.
alprova said...

Rolando wrote: "Not only that, but they brought down its granddaddy that started it all...MediCare."

Remind everyone what pays your medical bills these days.

"The Democrats are set upon destroying our energy industry, impoverishing us all -- except for the ruling elites, of course."

Your tin foil hat needs to be adjusted.

"The Democrats motto is, "F==ke 'em All. I Got Mine and I Am Exempt from The Rest"."

That Sir, is your motto. You've got yours, and screw everyone else.

March 19, 2012 at 9:41 a.m.
BigRidgePatriot said...

Both parties are putting it to us but it stunning how The Wart and his type can continue to try to blame the republicans for everything that is wrong. We could have 12 years of obama destruction and the claybots would still be licking his disease ridden feet with tears of joy streaming down their face.

Wake up!

March 19, 2012 at 9:49 a.m.
Jack_Dennis said...

alprova: in spite of your Tolstoy length posts , I still think you're kidding. No one could be that freakin stupid. Right on, solid with the people, workers unite, Che lives! And so forth.

March 19, 2012 at 9:53 a.m.
fairmon said...

alprova said...

Remind everyone what pays your medical bills these days.

Borrowed money pays 40 cents of every medicare claim. It is time to put aside the welfare antiques called social security and medicare. Negotiated medicare, PPO and HMO rates distort health care cost. Health care cost have steadily increased since medicare was put in place with some increase attributable to new treatments.

March 19, 2012 at 10:09 a.m.
conservative said...

Alprova............ "Any comparison of oil companies to manufacturers of products that anyone can live without, is pointless."

No it is not pointless simply because the sheep on the left believe high gas prices are the fault of the oil companies because of their "record profits."

It needs to be illustrated to these mislead sheep that the record profits were obtained simply because of the increased demand for their product and the fact that that virtually everyone in the industralized world buys their product. It is due to volume not gouging!

Other products are not bought daily. However if they were then they to would make billions and like scores of companies that already do, also have record profits.

Exon's profits are pennies on the dollar - 7.73%

http://ycharts.com/companies/XOM/profit_margin

Apple's profit margin is 28.20% !!!

http://ychartscom/companies/AAPL/profit_margin

March 19, 2012 at 10:16 a.m.
fairmon said...

Gas tax which goes up with the price of gas and the cost of gas is the cruelest taxes of all. A family with $25,000 spendable income spending $200 a month on gas spends about 10% of their spendable on gas. A family with $100,000 spendable spends about 2.4% of their spendable on gas. The redistribution of wealth is to the governments. Local, state and federal taxes are over one third of the cost of a gallon of gas. Those with lower incomes are actually affected more since they normally have to drive a used gas guzzler.

Bush and Obama claims to have no control over gas prices but they did have and can influence taxes on gas. No doubt either would claim credit if the price goes down.

March 19, 2012 at 10:25 a.m.
alprova said...

Jack_Dennis wrote: "Alprova: in spite of your Tolstoy length posts , I still think you're kidding. No one could be that freakin stupid. Right on, solid with the people, workers unite, Che lives! And so forth."

Calling me stupid and proving it to be true are two very distinct efforts. You've mastered to call me stupid at least twice since you first began posting in here.

Now let's see if you can prove it.

March 19, 2012 at 10:32 a.m.
MTJohn said...

conservative said...

Alprova............ "Any comparison of oil companies to manufacturers of products that anyone can live without, is pointless."

No it is not pointless simply because the sheep on the left believe high gas prices are the fault of the oil companies because of their "record profits."

It needs to be illustrated to these mislead sheep that the record profits were obtained simply because of the increased demand for their product and the fact that that virtually everyone in the industralized world buys their product. It is due to volume not gouging!

Conservative - Assuming that you are in the middle class, you are sitting in the driver's seat in the car in the cartoon. This response to Al demonstrates that, not only are you committed to vote for, you are committed to defending the folks who stripped your vehicle. Simply amazing! Big Brother is alive and well and running the Republican party!

March 19, 2012 at 10:42 a.m.
MTJohn said...

BigRidgePatriot said...Both parties are putting it to us but it stunning how The Wart and his type can continue to try to blame the republicans for everything that is wrong.

Follow the $$$$! The K Street Project was a Republican endeavor.

March 19, 2012 at 10:44 a.m.
timbo said...

There are only two things that need to be said here....

  1. Gas prices were $1.62 per lbs. at the end of 2008. When Obama took office they were $1.96. They are now over $3.80 per gallon.

  2. The Obama administration has consistently supported higher gas prices to make alternate (Green) energy look better economically. His energy secretary was even quoted before he took office to that effect. Obama has also made those comments. Although he is not responsible for all of the increase he has contributed to the acceleration of these prices.

March 19, 2012 at 10:59 a.m.
conservative said...

MTJohn............ I wrote nothing about either political party. You wrote nothing about what I wrote, just some irrational gibberish about the subjective meaning of a cartoon!

I can only conclude you did not like what I wrote because you could not refute what I wrote so you decided to accuse me of defending " Big Brother". People say crazy things when they are angry.

March 19, 2012 at 11:14 a.m.
Jack_Dennis said...

alprova: Some things are abundantly clear.

March 19, 2012 at 11:30 a.m.
MTJohn said...

conservative said...MTJohn............ I wrote nothing about either political party. You wrote nothing about what I wrote, just some irrational gibberish about the subjective meaning of a cartoon!

conservative - you contradicted yourself. You wrote, and I quoted, about folks being misled on the left. I responded by putting you in the driver's seat and suggested that you were being misled by those on the right, i.e. the GOP.

March 19, 2012 at 11:36 a.m.
alprova said...

Conservative wrote: "No it is not pointless simply because the sheep on the left believe high gas prices are the fault of the oil companies because of their record profits."

Tell me something: Do you think there has ever been a day that any oil company has lost money on the sale of so much as one gallon of gas?

Who ultimately sets the price of gas paid at the pump, if not the oil companies?

We all know that the price of crude is bid on, but once that crude is refined into the finished product, whatever that may be, what entity sets the wholesale price? President Obama?

It needs to be illustrated to these mislead sheep that the record profits were obtained simply because of the increased demand for their product and the fact that that virtually everyone in the industralized world buys their product. It is due to volume not gouging!

Windfall profits are not explained away so easily and are never accounted for. Do you not think that oil companies know easy ways to hide those profits from the books? Unsold gallons of gas go up once they are sold, having been refined from oil that cost them less than it did.

"Other products are not bought daily. However if they were then they to would make billions and like scores of companies that already do, also have record profits."

Exxon Mobil is number one, then Microsoft follows, then Wal-Mart, P&G, IBM, Goldman Sachs, Merck, AT&T, Wells Fargo, Johnson & Johnson, J.P. Morgan & Chase, GE, Bristol-Myers Squiubb, Chevron, Pfizer, Berkshire Hathaway, Hewlett Packard, Coca Cola, Google, and Liberty Media round out the top twenty most profitable companies.

Six supply households with products we all need, including food products. Three are pharmaceutical manufacturers, also very necessary to all our lives. Four are related to personal financial management. Three are computer related. Two are related to communications. Two are oil companies.

The right complains that the economy is so bad in this nation, that companies are having a tough time making a profit. Here we have twenty companies that seem to be doing pretty good for themselves.

Look at the list. Nearly all of them set their own prices for the products they sell. Very few of them have any real competition. Competitive oil companies have traditionally stayed within pennies of each other, knowing full and well that what side of the street an outlet is located, has more to do with the decision to purchase gas, than the price per gallon on the sign.

March 19, 2012 at 11:38 a.m.
alprova said...

Timbo wrote: "Gas prices were $1.62 per lbs. at the end of 2008. When Obama took office they were $1.96. They are now over $3.80 per gallon."

So? How is this the fault of the President? How?

"The Obama administration has consistently supported higher gas prices to make alternate (Green) energy look better economically."

That is absolutely untrue. He is certainly on board with as many people as possible converting to alternative energy, but not at the expense of people barely gettng by today.

He knows full and well that only a small percentage of this nation's population can make the leap to green products such as hybrid automobiles, electric cars, soalr panels for their homes, etc.

"His energy secretary was even quoted before he took office to that effect."

Yes he did. His position is that as long as people can afford to purchase gasoline, no one will ever make the decision to start conserving gasoline or eliminating it from their lives.

And you know what? The man was absolutely correct in that assumption.

"Obama has also made those comments."

Cite one sentence ever uttered by the man that supports your accusation.

"Although he is not responsible for all of the increase he has contributed to the acceleration of these prices."

How? How does any U.S. President EVER contribute to the determination of the price of gasoline at the pump?

March 19, 2012 at 11:55 a.m.
alprova said...

Jack_Dennis wrote: "alprova: Some things are abundantly clear."

No, what;s clear is that you, like so many others who post in here, are unable to unwilling to back up what you post with proof.

Let me tell you what else is clear: It's clear that you like to engage in troll-like behavior, by spending the bulk of your time insulting other people.

You're going to find yourself ignored by most people in here very fast if you keep that up.

March 19, 2012 at 12:04 p.m.
Jack_Dennis said...

alprova's old saw: Why use 50 words when 5000 will suffice?

March 19, 2012 at 12:07 p.m.
Jack_Dennis said...

alprova. the new post police.

March 19, 2012 at 12:25 p.m.
ibshame said...

I got my license to drive as a teenager in the late 60's. At the time there were several gas stations known as KAYO's in Chattanooga and for the better part of my teen years, you could pull into those gas stations and purchase gasoline for $.25 cents a gallon. Of course cars didn't get the kind of gas mileage they do today but for $1 you could pump almost 4 gallons of gas. Then during the 70's things in the Middle East really started heating up. The OPEC Cartel in 1973 placed an embargo on the U.S. in response to our support of Israel among other things.

Not many people realized before then just how dependant the U.S. had become on foreign oil. Gas stations closed on the week-ends, gas lines were long and prices shot up from a measley $.25 cents a gallon to almost $.60 cents a gallon. Families planning trips had to plan well ahead so that they could get where they were going before the gas stations closed in the evenings and some even on week-ends(most especially on Sundays). Some people back then compared the "crisis" to what had happened during WWII when gasoline had to be rationed.

Richard Nixon was President when the crisis happened in 1973. Most people had to face the fact this was something out of his control. Nixon came to the realization the U.S. was going to have to wean itself off its dependance on foreign oil. The embargo was eventually lifted but gasoline prices NEVER went back to $.25 cents a gallon.

Today, in our country there are all kinds of factors affecting the price of oil and thus the price of gasoline. It's no longer just the OPEC Cartel placing an embargo on oil to the U.S. We live in a global economy. There is much more demand for oil from countries other than the U.S. Demand drives the price. If there was a magic wand to be waved, by now I'm sure President Obama would have waved it. But the reality is: there isn't a magic wand.

Alternative forms of energy MUST be found and no, just drilling is not going to get it. Nixon learned in the 70's what most are finding out now and that is: as long as the U.S. remains so greedy for oil, no matter the source, it makes our economy vulnerable. There is no silver bullet but there can be a silver lining. The U.S. can become a leader in finding alternative sources of energy.

March 19, 2012 at 12:26 p.m.
conservative said...

Alprova...........Wordy people are wordy for a reason, they either can't make their point or they are trying to bamboozle people.

Exon's profits are pennies on the dollar, currently at 7.73%. That is less than thousands of other corporations in this country. They make billions on volume, not overpricing.

They file income tax statements just like everyone else. The left in Congress and the mess media know their low profit margin so they exploit the ignorance of their sheep by coming up with the "record profit" and "hundreds of billions" in profits nonsense knowing it will appeal to their sheep ( sheep are easily led ).

March 19, 2012 at 12:26 p.m.
BobMKE said...

Hey posters, you have all went back and forth on this subject and clearly stated your points. The posts can be opinions, facts or whatever. The bottom line is this. It doesn't matter, because come November the vast uninformed, naive, igorant, out-of-touch voters will vote with their wallets. Sad but true.

March 19, 2012 at 12:38 p.m.
conservative said...

MTJohn.... I see you decided to double down on gibberish and nonsense.

March 19, 2012 at 1:24 p.m.
MTJohn said...

conservative said...MTJohn.... I see you decided to double down on gibberish and nonsense.

Correct. Rather than responding twice to your gibberish and nonsense, I should simply have ignored it.

March 19, 2012 at 1:42 p.m.
BigRidgePatriot said...

While The Wart makes another attempt to blame the GOP for everything we are supposed to miss what Obama is up too...

http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness

It looks like Obama is claiming authority to take control of just about everything in the name of “preparedness”. Hold on to your seats everyone!

March 19, 2012 at 1:48 p.m.
mountainlaurel said...

Conservative said: "They file income tax statements just like everyone else. The left in Congress and the mess media know their low profit margin so they exploit the ignorance of their sheep by coming up with the "record profit" and "hundreds of billions" in profits nonsense knowing it will appeal to their sheep."

Please, Mr. Conservative. I note you failed to mention that the biggest profits of multinationals like ExxonMobil and Chevron are logged in low tax countries. Indeed, by the time these multinationals get around to paying the IRS their tax bill is often into the negative – thanks to our loopholes and tax code.

March 19, 2012 at 1:56 p.m.
miraweb said...

Interestingly, the Brazilian government just took the passports of 17 TransOcean and Chevron managers pending charges regarding another oil spill along their coast. Chevron's drilling permits have been suspended.

http://www.businessweek.com/

March 19, 2012 at 1:57 p.m.
MTJohn said...

BigRidgePatriot said...http://www.whitehouse.gov/the-press-office/2012/03/16/executive-order-national-defense-resources-preparedness

It looks like Obama is claiming authority to take control of just about everything in the name of “preparedness”. Hold on to your seats everyone!

BRP - what specific issues do you have with that Executive Order? What specific authorities is he claiming that is not granted to the Office of the President by the Constitution and the statutes referenced in the order? What specific authorities is he claiming that were not also claimed by the presidents who signed the executive orders that this executive order replaces?

I'm not holding my breath. For some reason, I don't think you have cogent answers for any of those questions.

March 19, 2012 at 2:02 p.m.
conservative said...

Mountain......Exon's profit margin is 7.73%. If their profits were higher than 7.73% then they would have a higher profit margin! They can't have a profit margin of 28.20% like that of Apple and call it 7.73%. They are dealing with the IRS, it can't be done.

However, depending on whom you are dealing with it might be needed to repeat that Exon's profit margin is 7.73% untill they get it.

March 19, 2012 at 2:17 p.m.
alprova said...

conservative wrote: "Exon's profits are pennies on the dollar, currently at 7.73%."

You keep quoting that figure, but the fact of the matter is that the profit margin figure changes with each article written. Nobody knows the true and correct profit margin but Exxon Mobil.

"That is less than thousands of other corporations in this country. They make billions on volume, not overpricing."

You're Googling the issue and grabbing the first article that pops up, and you accept it all as fact.

March 19, 2012 at 2:18 p.m.

BRP, I saw that online. If any other president had put out that order, I would think nothing of it, but with Obama it makes wonder. He and the Democratic Party want a boot on the neck of the people of this country, especially on the necks of those who point out what they're trying to do.

March 19, 2012 at 2:40 p.m.
conservative said...

Alprova wrote........."You keep quoting that figure, but the fact of the matter is that the profit margin figure changes with each article written. Nobody knows the true and correct profit margin but Exxon Mobil."

I made it so, so easy for you. I gave you the website. Just type in the stock symbol of any company and see the latest profit margin and look also for the five year average. Exon like all corporations must submit tax returns to the IRS. They know, make no mistake, they know!

Why don't you rail against Apple, their profit margin is 28.20%

Again - http://ycharts.com/companies/XOM/profit_margin for Exon

http://ycharts.com/companies/AAPL/profit_margin for Apple

March 19, 2012 at 2:49 p.m.
miraweb said...

It also depends a lot on which number you look at:

Q4 2011 Exxon Mobile Financial Statement (with some rounding)

Revenue: $121.61 billion . Cost of Revenue: $86.02 billion . Gross Profit: $29.90 billion .

Divide Gross Profit by Revenue = 25% profit margin

Take out "Selling/General/Admin Expenses, R&D, and Depreciation" .

Divide Operating Income by Revenue = 14% profit margin

Take out taxes ($7.32 billion) .

Divide Post Tax Income by Revenue = 8% profit margin

Take out minority interest payments (payments to a certain class of stockholder) .

Divide Net Income by Revenue = 7.73% profit margin

I found it interesting to look at the taxes paid: .

Taxes paid divided by revenue = .006% tax rate . Taxes paid divided by gross profits = 24% tax rate . Taxes paid divided by net profits = 77% tax rate .

Funny how much taxes on oil companies (and a lot of other corporations) look so much like those Hollywood movie contracts that rely on a "percentage of the profits" - then are very sure that everyone important gets a share under "expenses" and no "profits" are left to distribute.

Exxon Financials

March 19, 2012 at 2:57 p.m.
ibshame said...

"chattanoogatennesseeusa said... BRP, I saw that online. If any other president had put out that order, I would think nothing of it, but with Obama it makes wonder. He and the Democratic Party want a boot on the neck of the people of this country, especially on the necks of those who point out what they're trying to do"

I find it extremely laughable when I see Repubs worried about the President overreaching his power. Yet in 2003 when Bush invaded Iraq under the pretense of "a threat to the safety of A -MER-CA" they didn't worry about an overreach of power as evidenced by the above statement. Not only did Bush and his neo-con Cronies put a jack-boot on the necks of people in this country but they did so without any impedment or objection from the "PATRIOTIC" members of their own party.

Repubs don't have anything to worry about. President Obama is just exercising the powers they gave W. If they weren't afraid of W's overreach they have NOTHING to fear from President Obama.

March 19, 2012 at 3:01 p.m.
rolando said...

Here is a short quote from a great column detailing how Barack The Usurper controls the price of gasoline...and why. See http://townhall.com/columnists/katiekieffer/2012/03/19/yes_he_does_5_ways_obama_controls_gas_prices

Quote

Obama is neither a businessman nor a constitutionalist. He doesn’t understand that socialism makes clean-tech like wind, solar and electric unaffordable. He won’t drill for American oil. He thinks it is fine to use taxpayer money to reward his friends. He stirs Middle Eastern unrest and contributes to market uncertainty. Ultimately, he is responsible for high gas prices. No wonder the late Apple co-founder Steve Jobs warned Obama: “You’re heading toward a one-term presidency.”

Unquote

March 19, 2012 at 4:28 p.m.
rolando said...

Alpo, you are hardly qualified to judge anyone, especially retirees on a fixed pension who paid their dues for decades.

You, after all, are the one who said that military members become a burden on society the day they retire from active duty, simply because they begin to draw a pension that was considered part of their salary [words to that effect since you have deleted the original post].

That opinion of yours carries over to include any other person, civilian or union member, who pays into his own retirement fund [whether you like it or not].

See if you can put together a coherent response, if you can and if you so choose. We all know what I said...its right up there...just put it all together in one lump. I know, that's asking a lot for an uneducated, on-the-dole, drug-addled incompetent...but do try.

March 19, 2012 at 4:39 p.m.

All this talking about supply and demand. The real problem is inflation. The price of everything is going up because of quantitative easing. Quantitative easing is the keynesian method of discharging craptons of debt by debasing your currency. That means we print money to pay off our debts without anything backing that money. The more of something exists in the world, the less it is worth. There is your supply and demand.

Fed policy is rapidly reducing the value of each and every dollar in your paycheck, bank account, mattress or jar in the back yard. Every time the fed prints money, it is a stealth tax on every dollar you hold or earn. QE3 is expected sometime soon. They will be stealing yet more money from each and every one of us and prices will necessarily rise on EVERYTHING. Welcome to Argentina. http://academic.reed.edu/economics/parker/f10/201/cases/Argentina.html

March 19, 2012 at 4:58 p.m.

Yes Nooga, because fewer people with jobs=more people on unemployment. Nancy Pelosi says the more people get unemployment checks, the more the economy is stimulated. The liberal in you isn't disagreeing with Queen Nancy is it? Are you saying Cheney and Bush were stimulating the economy?

March 19, 2012 at 5:57 p.m.
fairmon said...

Exxon paid 22% of their profits to holders of common shares with shares held by most 401K's and pension funds. EBITDA (earnings before interest, taxes depreciation and amoritization) is a key data to look at. People buy shares of Exxon to hold forever. They reinvest the dividends. Exxon has increased the dividend several times. Those that bought Exxon several years ago reciive an effective dividend of over 5%. Exxon's 2011 report to the SEC shows an effective tax rate of 44%. What a terrible company, they think just because they own billions of depreciating assets and risk other peoples money (stock holders) they should make a decent profit. Q: When they put $105 of your money in a barrel of oil would you expect a good return on your money which could be worth less than your initial $105.

March 19, 2012 at 6:18 p.m.
alprova said...

"I made it so, so easy for you. I gave you the website. Just type in the stock symbol of any company and see the latest profit margin and look also for the five year average. Exon like all corporations must submit tax returns to the IRS. They know, make no mistake, they know!"

You're very naive to think that the financial reports that Exxon Mobile files is reflective of actual profit realized. You're even more naive if you think that their tax returns are accurate as well.

"Why don't you rail against Apple, their profit margin is 28.20%"

I don't buy Apple products. What they make does not come from my pocket.

March 19, 2012 at 7:06 p.m.
fairmon said...

Purple you may be getting a little deep for some with your comment on the decreasing value of the dollar. It doesn't fit what they want to hear but double the value of the dollar (buying power) and $105 a barrel oil will be going for $52.50 a barrel with a similar drop at the pump. Those on fixed and low incomes are taking the biggest hit.

March 19, 2012 at 7:21 p.m.
mountainlaurel said...

Conservative said: "sheep are easily led"

Speaking of sheep easily led. . .

Republican Politicians Oppose Ending Taxpayer Handouts to Big Oil:

"Every Republican presidential contender and nearly every Republican member of the House and Senate has signed a pledge to oppose ending taxpayer handouts to Big Oil — handouts that will add up to more than $40 BILLION over the next ten years. In addition, Republicans have repeatedly voted in lockstep to block efforts to repeal the tax giveaways to Big Oil. President Obama, however, remains undaunted and has once again included repeal of these wasteful giveaways in his budget for 2013."

http://thinkprogress.org/progress-report/five-facts-about-gas-prices/

March 19, 2012 at 7:23 p.m.
fairmon said...

Hang on mountainlaurl, force the change of "BIG OIL" handouts. I am sure you coined the word "BIG OIL", do you know what it means. Have you ever thrown a boomerang, it will zap you in the back of the head or your rear end. Q: What do you think will happen to the price of gas if Obama gets his way with all subsidies gone and higher taxes. I hope he does just to show some idiots their business sense is equal to a chicken that wakes up in a new world every day. I am sure you are one of those that buy the premise that the president and all his power has no control over gas prices but then buy the premise that a few commodities speculators do. Obama only said it was the speculators once then someone explained to him that was not an accurate statement and probably gave him a short course in futures market investing. He is probably a quick study but his on the job training is killing us and we don't have a ready substitute.

March 19, 2012 at 7:51 p.m.
conservative said...

Alprova....Wow! you say Exon's financial statement is not true and their tax returns are not accurate. When do you appear before Congress to expose them? With so much knowledge of corporate tax law, how do you keep from becoming arrogant?

If their profit margin is not 7.73%, what is it, or even better, what should it be?

I'm sure you buy products from other corporations which have higher profit margins than 7.73% that does come from your "pocket." Are they evil corporations as well?

March 19, 2012 at 8:01 p.m.
alprova said...

"Alpo, you are hardly qualified to judge anyone, especially retirees on a fixed pension who paid their dues for decades."

Who's judging? I asked you for a simple clarification. Who pays your medical bills if you wind up in the hospital?

But since you raised the subject again, what makes you any better than anyone else who has worked to retirement age? Don't you think that there are millions of people who have also paid their dues to be entitled to a retirement check from Social Security and medical benefits through Medicare, just like yourself?

"You, after all, are the one who said that military members become a burden on society the day they retire from active duty, simply because they begin to draw a pension that was considered part of their salary [words to that effect since you have deleted the original post]."

You're still repeating that same lie. The last time you wrote that lie, I posted and pointed to exactly what I said, because you refused to back up your claim.

http://www.timesfreepress.com/news/2012/jan/21/dont-ask/?opinioncartoons#c142470

The only thing that comes close to what you claim was for me to simply point out that you have always been paid out of funds that the taxpayers of this nation pay into the Government. You are still being supported by the taxpayers of this nation.

You are not and have never been a taxpayer. You merely gave back or give back part of what you drew in compensation, again paid to you from funds stoked by the actual taxpayers of this nation.

"That opinion of yours carries over to include any other person, civilian or union member, who pays into his own retirement fund [whether you like it or not]."

Horse squeeze. Your opinion of my opinion is of no consequence. Try as you may, you cannot put words into my fingers that I never wrote.

"See if you can put together a coherent response, if you can and if you so choose. We all know what I said...its right up there...just put it all together in one lump. I know, that's asking a lot for an uneducated, on-the-dole, drug-addled incompetent...but do try."

Rolando, you do not get to dictate to me how to respond to a post anymore than you have any right to interpret my words to mean anything other than what is written.

You are a hopeless hypocrite, railing against everything that defines you. You are and always have been a recipient of Government funds for your monetary support and you receive Government paid health care.

The fact that you worked for the Government in order to receive your benefits in no manner makes you any better or any more entitled to them than anyone else who works for decades, paying each and every week through payroll deductions into the Social Security system and Medicare.

Again, you have yours. By your own words, you feel you are more entitled to those benefits, and your attitude about the issue where it concerns the rest of America screams "screw everyone else."

March 19, 2012 at 8:11 p.m.
alprova said...

conservative wrote: "Alprova....Wow! you say Exon's financial statement is not true and their tax returns are not accurate. When do you appear before Congress to expose them? With so much knowledge of corporate tax law, how do you keep from becoming arrogant?"

There isn't a business on the face of this earth that reports every cent of profit that is earned. Not one.

"If their profit margin is not 7.73%, what is it, or even better, what should it be?"

Who knows? No one but the people who keep their books has the first clue. I don't presume to know how they account for their sales or the money received for those sales. I don't know how they track refined product that is made from oil purchased at a lower price, versus that which is refined at a higher cost.

What I do know is that there is all kinds of wiggle room available to pad those profits and to fudge financial reports sent to investors and tax returns sent to the IRS.

The amount fudged could be hundreds of thousands, millions, or billions.

"I'm sure you buy products from other corporations which have higher profit margins than 7.73% that does come from your "pocket." Are they evil corporations as well?"

First of all, at no time have I called Exxon Mobil an "evil corporation." My position is simple. Profit margins are only part of the picture and in no manner are they reflective of all profit that the corporation realizes each year.

Profit margins for oil companies are simply calculated by taking the total revenue, subtracting all the costs for bringing gas to market, then dividing it by the number of gallons sold. Padding the cost of bringing a gallon of gas to market for every gallon sold would be all but impossible to prove or disprove.

Do you suppose that the IRS has agents stationed at every relevant location that Exxon Mobil operates, where they count each and every gallon produced? Do you suppose that there are agents who track every drilling operation attempt and track all of those costs per hour, every commercial broadcast worldwide, or does the IRS observe every gallon loaded into a pipeline for delivery or sent through pipelines?

Who tracks gasoline produced from oil that they bought a month prior for less per barrel than it is currently costing them?

There are literally hundreds of ways to hide profits from both investors and the IRS, and no one can prove it. Do you have any idea how hard it would be for the IRS to begin to prove the number of gallons that Exxon delivers to stations that sell it to consumers?

Profit margins are smoke and mirrors, and people like you lap them up like a kitten does a bowl of milk. Every business pads profits. How much they can get away with, all depends on how easy it can be to track those profits.

When it comes to oil companies, the sky is the limit. There isn't an IRS auditor or a team of auditors who can begin to account the books of an oil company to prove or disprove a cent.

March 19, 2012 at 8:49 p.m.
alprova said...

conservative wrote: "Why don't you rail against Apple, their profit margin is 28.20%"

Truthfully? Because I am engaged in operating a business that quite often allows me to receive a profit margin of more than 100% when I sell an item. I've yet to drop below 30% on any sale since I opened in December.

Granted, my sales are sporadic. I might have to wait a week, a month, two months, or six months or more, before I sell a particular item in inventory.

When I pay for an item that I purchase wholesale for resell, it's paid for in cash. I finance nothing. It costs me not one thin dime while it waits to be sold. During the month of February, I sold the equivalent of my entire average inventory on hand that I attempt to keep at all times.

People are going to have to run a long way to begin to convince me that the economy around the Chattanooga area is hurting.

March 19, 2012 at 9:13 p.m.
mountainlaurel said...

Harp3339 said: Hang on mountainlaural, force the change of "BIG OIL" handouts. I am sure you coined the word "BIG OIL", do you know what it means.

No, you’re wrong, Harp3339. I didn’t coin the words “BIG OIL." It was part of the quote.

Harp3339 said: “I hope he does just to show some idiots their business sense is equal to a chicken that wakes up in a new world every day.

What are you referencing here, Harp3339? The urgent need for fuel efficiency?

Harp3339 said: “I am sure you are one of those that buy the premise that the president and all his power has no control over gas prices but then buy the premise that a few commodities speculators do.”

Speculators can cause problems, but it’s the world market that determines prices, Harp3339. . . I’ve read that China added 10 million cars in 2010.

March 19, 2012 at 9:39 p.m.
MTJohn said...

tu_quoque said...

MTJohn said...

"If increasing domestic production really would do something about the price of gas, why aren't the R's call for the termination of all oil exports from this country?"

The really stupid thing about your proposal is that you actually believe that is not only possible but economically viable.

I'm not proposing a moratorium on exports - merely pointing out some of the inconsistencies in the "drill baby, drill" logic.

March 19, 2012 at 11:28 p.m.
fairmon said...

harp said....“I hope he does just to show some idiots their business sense is equal to a chicken that wakes up in a new world every day.

ml ask.... What are you referencing here, Harp3339? The urgent need for fuel efficiency?

What I am referencing here is the stupid republicans should let Obama have his way regarding taxes on oil & gas companies and stopping all subsidies to them. The impact on gas prices would shock people and the economy would suffer. It is not and would not have anything to do with speculators. People who say that, some in both parties say it, have no clue why the commodities exchange exist or how the futures markets works. I buy and sell commodities futures with some gains and some losses but I nor any other investor has any impact on actual prices. An investor can speculate the price will go down and make or lose money or that prices will go up and make or lose money. For every person that makes money another person loses that amount. Both are simply trying to guess if the actual price will be lower or higher.

March 19, 2012 at 11:41 p.m.
fairmon said...

alpro said....

Truthfully? Because I am engaged in operating a business that quite often allows me to receive a profit margin of more than 100% when I sell an item. I've yet to drop below 30% on any sale since I opened in December.

Granted, my sales are sporadic. I might have to wait a week, a month, two months, or six months or more, before I sell a particular item in inventory.

When I pay for an item that I purchase wholesale for resell, it's paid for in cash. I finance nothing. It costs me not one thin dime while it waits to be sold. During the month of February, I sold the equivalent of my entire average inventory on hand that I attempt to keep at all times.

People are going to have to run a long way to begin to convince me that the economy around the Chattanooga area is hurting.

Wonderful. No doubt with such a successful business you are able to provide your employees a compensation package (wages, health care, 401k etc.) worth to them the equivalent of no less that $20 an hour.

Would you please explain to the OWS crowd destroying the court house lawn that they are misleading people by indicating the economy around Chattanooga is bad. All those empty warehouses and businesses that closed following our brilliant mayor and city counsel increase of the annual cost of being a citizen or business in Chattanooga by more than 19%.

March 20, 2012 at midnight
fairmon said...

alprova said...

When it comes to oil companies, the sky is the limit. There isn't an IRS auditor or a team of auditors who can begin to account the books of an oil company to prove or disprove a cent.

You got that wrong and don't think if they audit you they won't find any discrepancy. Being an accountant you may face double jeopardy. Q; You do pay entirely pay your fair share don't you. I think large corporations have to start with revenue. It is all profit until they can show how much money was spent for what. They also have to file reports with the SEC, the IRS and if any stock holder annual report is misleading or inadequate there are major penalties for that. Some have failed to pass an audit, the fines and penalties were astronomical. Just a hint of a discrepancy will take the stock down by 50% over night. The CEO can go to jail as some have for knowingly allowing a failure to pay the right taxes. Most good CEO's and board members say to their accounting group and CFO; We will not fail to pay every dollar in taxes we owe but not one dollar more.

March 20, 2012 at 12:17 a.m.
alprova said...

Harp 3339 wrote: "Wonderful. No doubt with such a successful business you are able to provide your employees a compensation package (wages, health care, 401k etc.) worth to them the equivalent of no less that $20 an hour."

I'm not about to announce the nature of my business, so that my employees and I will be bombarded and harassed by all the wonderful haters who frequent this forum.

I pay my employees an above average wage. When I have a good week, they have a good week. I'm big on bonuses and I definitely share the wealth, so to speak. Every current employee working for me has worked for me in the past.

My sales figures have been more than satisfactory to allow the business to profit a great deal for the three and a half months that I have been open, but I don't own a Fortune 500 company, and much of the profit is dumped right back into the business in the form of building inventory.

I borrowed nothing to start the business and I will borrow nothing to keep it going, however, I am far from driving down easy street.

If business continues as it has been, a year from now, we'll all be making good money and I will definitely offer perks and bennies to all.

"Would you please explain to the OWS crowd destroying the court house lawn that they are misleading people by indicating the economy around Chattanooga is bad."

I visit the Hamilton County Courthouse several times a month. I have no idea what those people are doing there, nor what it is they are protesting.

"All those empty warehouses and businesses that closed following our brilliant mayor and city counsel increase of the annual cost of being a citizen or business in Chattanooga by more than 19%."

19% Harp? Do you really believe that? I know that is a popular figure that you throw around all the time, but there is no truth to it.

The fact is that the cost of living and doing business in this area is tremendously lower than in other cities and states across the country.

Businesses come and go. Poor customer service from a staff of lousy employees dooms a business far faster and more severely than does an increase in the water bill. A business that survives by financing its inventory or factoring its receivables, isn't going to survive very long, no matter the status of the economy.

But I do confess that I live and my active business is in Northwest Georgia, although I still own and lease a commercial building inside the City of Chattanooga. I've been receiving a check for rent from the tenant each and every month for several years now. He has not indicated to me that his costs of doing business have risen anywhere near 19%.

March 20, 2012 at 5:08 a.m.
alprova said...

Harp3339 wrote: "You got that wrong and don't think if they audit you they won't find any discrepancy. Being an accountant you may face double jeopardy."

Harp, there is no way for anyone to audit the books of a company like Exxon Mobil to discover whether or not profits have been hidden from those books, for all the reasons I previously stated.

"Q; You do pay entirely pay your fair share don't you. I think large corporations have to start with revenue. It is all profit until they can show how much money was spent for what."

Precisely. Padding expenses, no matter the business involved, is the American way. There isn't a business that doesn't do it.

"They also have to file reports with the SEC, the IRS and if any stock holder annual report is misleading or inadequate there are major penalties for that."

Yes there are, but as a stockholder, do you think you could begin to prove anything you feel is misleading or inadequate? You're arguing semantics and I'm being very realistic.

Believe it. Don't believe it. You'll never be able to prove it one way or the other.

"Some have failed to pass an audit, the fines and penalties were astronomical. Just a hint of a discrepancy will take the stock down by 50% over night. The CEO can go to jail as some have for knowingly allowing a failure to pay the right taxes."

Again, you're arguing the legal aspects and you can do it all day long and be 100% correct in your assertions, but God knows there are incompetent people out there keeping books for businesses. I'm sure there are plenty of incompetent people keeping books in the corporate world as well.

If it cannot be proven, it cannot be found. The IRS and the SEC love statistics. If everything balances and all figures appear to fall into comparable ranges for similar businesses, it is rubber stamped and approved.

"Most good CEO's and board members say to their accounting group and CFO; We will not fail to pay every dollar in taxes we owe but not one dollar more."

What can I say? What else would they say to any potential witnesses regarding the reality of the situation? "We will willingly cheat to get away with paying as little as we can possibly get away with?"

Tell me something Harp. Are you going to claim that you have never fudged a figure or two on your own personal income taxes? There are many ways to claim expenses without it being necessary to have a receipt in your possession in order to claim a deduction.

Are you going to seriously deny not taking full advantage of those acceptable and never challenged deductions each and every time?

Have you ever benefited from a cash transaction that clearly qualifies as income, and failed to disclose it on your income taxes? Sure you have. And why did you do so? Because you knew full and well that it could never in a hundred years, ever be found or proven.

March 20, 2012 at 6:09 a.m.
rolando said...

alpo -- I have all the right in the world to "dictate" anything I want to you or anyone else. It is called "free speech"...something you obviously, by that comment, personally detest.

By the way, you have the right to ignore my "dictates" to you...which you simply cannot, can you?

Good thing I did a search for "rola", otherwise I wouldn't even have seen your comment since you chose to bury it to hide from me. Yeah, true LibTard.

Have a nice day. Yeah, right.

March 20, 2012 at 8 a.m.
rolando said...

Oh yes, alpo. Free lifelong medical care was considered part of my salary package.

It remains to be seen whether Barack The Usurper will honor that package; although, considering his detestation of our military forces [much the same as the attitude you hold], I am not holding my breath.

March 20, 2012 at 8:16 a.m.
fairmon said...

alprova said...

Tell me something Harp. Are you going to claim that you have never fudged a figure or two on your own personal income taxes? There are many ways to claim expenses without it being necessary to have a receipt in your possession in order to claim a deduction.

I can honestly say I have not and have returns for several years prepared by a CPA that will confirm that I had confirmation of every expense.

Are you going to seriously deny not taking full advantage of those acceptable and never challenged deductions each and every time? I have never taken a deduction that could be challenged or that may prompt a question.

Have you ever benefited from a cash transaction that clearly qualifies as income, and failed to disclose it on your income taxes? Sure you have. And why did you do so? Because you knew full and well that it could never in a hundred years, ever be found or proven

I have never been faced with the decision to accept cash in a transaction for profit. I think there is more work for cash going on now that ever in recent history.

The taxes avoided with behavior like that is not worth the risk of a damaged reputation. The items you seem convinced everyone itemizing takes the risk are some of the reasons I am convinced the dead in committee fair tax proposal is the right answer. There would still be a major role for the IRS to assure collection and transfer of all consumer tax. To not closely monitor and enforce would lead to a lot of black market and bartering activity.

March 20, 2012 at 8:49 a.m.
alprova said...

Rolando wrote: "alpo -- I have all the right in the world to "dictate" anything I want to you or anyone else. It is called "free speech"...something you obviously, by that comment, personally detest."

I never challenged your right to free speech. I do challenge any right you think you have, in regard to dictating to me how I am to respond to your posts. It's never going to happen.

"By the way, you have the right to ignore my "dictates" to you...which you simply cannot, can you?"

I have indeed ignored your dictations. I respond in the fashion I feel is most effective.

"Good thing I did a search for "rola", otherwise I wouldn't even have seen your comment since you chose to bury it to hide from me. Yeah, true LibTard."

Every time you have trouble with someone's post, you claim they are trying to hide it from you. You're hopeless.

March 20, 2012 at 12:10 p.m.
alprova said...

"Oh yes, alpo. Free lifelong medical care was considered part of my salary package."

So what? Does that in any manner debunk a word I have written in regard to your circumstance? No it doesn't.

You are and always have been supported by the taxpayers of this nation who actually pay in taxes to accounts that your compensation and medical care is paid from.

"It remains to be seen whether Barack The Usurper will honor that package; although, considering his detestation of our military forces [much the same as the attitude you hold], I am not holding my breath."

Have you seen any black helicopters flying over your home lately?

March 20, 2012 at 12:14 p.m.
alprova said...

Harp3339 wrote: "I can honestly say I have not and have returns for several years prepared by a CPA that will confirm that I had confirmation of every expense."

Yep, and I'm Mother Teresa.

"I have never taken a deduction that could be challenged or that may prompt a question."

Nice dodge. If it can't be proven, there will be no questions.

"I have never been faced with the decision to accept cash in a transaction for profit. I think there is more work for cash going on now that ever in recent history."

You're right, for that very reason. You're claiming to have never received profit at all, on anything, involving cash? My...you have lived a very sheltered life, what with receiving checks and credit cards your entire life.

"The taxes avoided with behavior like that is not worth the risk of a damaged reputation. The items you seem convinced everyone itemizing takes the risk are some of the reasons I am convinced the dead in committee fair tax proposal is the right answer."

The plan needs some re-working, but anything that would rid this country of a tax on achievement would definitely be a good thing.

"There would still be a major role for the IRS to assure collection and transfer of all consumer tax. To not closely monitor and enforce would lead to a lot of black market and bartering activity."

Why do you think that bartering should be illegal?

March 20, 2012 at 12:23 p.m.
rolando said...

alpo -- Here's how it is, alboy. You are envious and green with envy and, yes, hatred for those military retirees who made good life-decisions and took care of their families [and still are] while you made poor life decisions and failed to take care of your family...meanwhile blaming everyone else for your shortcomings. Typical Progressive.

This has embittered you toward those who did better...

Sad, but true.

March 21, 2012 at 12:15 p.m.
abouttime said...

This tells the true story without one negative word. A true masterpiece. Thanks for being my voice.

March 29, 2012 at 9:28 a.m.
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