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View Diary: Republicans refuse to swear in testifying oil execs (124 comments)

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  •  Succeeding at what? (none)
    Screwing the public? Excessive profits for big oil means less money in the pockets of hard working americans. If that money were truly put into R&D to make the transition to a non oil economy that would be one thing, but where is the evidence of that? It is time to find out what is happening and these CEO's need to be held accountable.

    "The wiseman fights for the lost cause, realizing all others are merely affect"

    by acupunk on Wed Nov 09, 2005 at 11:51:15 AM PST

    [ Parent ]

    •  If that's your goal... (none)

      ...simply make the tax scale more progressive.  The "hard working American" is dependant on his company doing well for better wages and job security.  If the fat cat CEOs piss you off, support higher income and capital gains taxes.  Don't slap around the company just because it did well.

      Punishing the successful gives them less incentive to be that way.  In an age of globalization, we can't afford for our companies to be less competitive.  Saudi Aramco made unspeakable profits, I'm sure.  There's no talk of taxing them, because we can't, they're not a US company.

      Weakening our companies is counter constructive. We need healthy companies for both jobs and a solid tax base.

      •  Who here is against higher taxes on Oil Cartel (none)
        Punishing the succesful is wrong. Rewarding the rapacious is also wrong. Please tell me how high oil prices for ALL INDUSTRY helps keep any company (besides 5) strong.

        Please tell me how the first bill passed in the house post Katrina, a bill that gave billions of dollars to oil companies helps keep companies (besides 5) strong.

        Please tell me how offshoring profits and paying for custom laws to avoid paying taxes keeps hard working Americans strong.

        And finally please explain to me what those things, what are they called, oh yeah LAWS against profiteering, during wartime, BY A NATIONAL SECURITY INDUSTRY are doing on the books.
        You can only fool some of the people some of the time and its much tougher when your hand is in their pocket and their kids are hungry.

        Oilman President record oil profits Uh Huh

        "The pen is mightier than the sword, but only at a range of greater than five feet" Malaclypse the Younger

        by buhdydharma on Wed Nov 09, 2005 at 03:14:11 PM PST

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        •  Industries see both high and low prices. (none)

          Which are often outside their control.  If we don't help companies at low prices, how are they to prepare for the worst if they can't fill in during high prices?

          The oil industry hasn't always been raking in the dough, for almost a decade, it was in terrible shape.

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