Welfare Queen Exxon Mobil Profits Up 69%

The world’s largest publicly traded company, Exxon Mobil Corporation, made $11 billion…in profit this quarter. That’s not just $11 billion, but $11 billion after costs. Take home. Really. Take home, because Exxon Mobil also pays $ZERO in taxes. This profit figure is up 69%, from last year’s first quarter profit, but missed the mark of their record third quarter profit of $14.8 billion in 2008.

Yes, while the economy was going down the toilet and the middle class was bailing out the car companies and the whole financial industry, Exxon Mobil made more profit than any other company in world history.

And the U.S. government gave then and currently gives Exxon Mobil and other major oil companies $4 billion a year in…uh…subsidies. The President's plan to remove Big Oil from the welfare rolls has been met with a fierce response from Tea/GOP (and a few alleged Democrats) inside the Washington Beltway.

I saw this on the news last night, but what caused me to write this post was that The Denver Post printed the above figures right next to an article about how middle class and poor families, already choking on the fumes of inexplicably high gas prices, will soon be forced to limit the number of diapers that Jr. can wear in any given day and will have to wipe his nose with a rag instead of a tissue.

And  Jr.'s bodily bi-products will not be the only daily functions made more expensive. The cost of ice cream, razors, soap, tooth paste, soft drinks, and snack food will also soon balloon and affect the lives of the millions of Americans whose tax dollars are currently diverted to the petty cash drawers of Big Oil.

That is my thought for the day. I would write more, but I have to go vomit up the sawdust I just ate for breakfast, clean up the mess with a tree branch, and brush my teeth with Windex.

J. Brandeis Sperandeo