Tammy Bruce sets the record straight on the record profits earned by ExxonMobil last year. Their profit may have broken a record, but so did the taxes they paid. And who benefits from those profits? The middle-class stock holders, that’s who:
Ironically, many of the people who cheer the Clinton/Obama/Hugo Chavez message of nationalizing companies don’t even realize they’re cheering for the cutoff of checks their parents or grandparents rely on every month; dividend checks from those ‘evil, profit mongering oil companies,’ which in fact are owned by the American people, primarily the middle class and the elderly.
And don’t forget the billions in research and development that the oil companies are spending in an effort to find the energy we all expect to have in abundance, and cheaply.
Someday, after the golden goose is slain, we’ll all wake up and realize how good we had it.