Republicans at work for you!
 

These guys are the biggest piles of shit on the planet.

Record profits and these fuckers think they deserve tax breaks.

Senate Republicans block taxes on oil profits
http://www.msnbc.msn.com/id/25078420

don't worry .. they will recoup the $$$ by denying medical to kids.

I doubt many people here even know the true difference between a republican and a democrat. If they did, a lot of them would be republicans.

I'm glad they stopped this.
Taxing oil company profits will only make things worse.
Check out how the Russian government is taxing oil profits there and all the problems that it is creating.

Do you even know what this bill was about? They are taking away tax breaks that were given when oil was like $15 a barrel. The windfall tax would only be used if they didn't reinvest the extra profits in alternative sources of energy.

Maybe read a little bit before you post.

Luckily there are some people left who still believe in a concept called a "free market" and don't support things like excess profits taxes. Perhaps it would be more efficient if the Democrats just proposed nationalizing the oil companies? It worked for Putin and Chavez.

If it were a true free market there wouldn't be any tax breaks, and there wouldn't be any speculation on the markets.

Try again captain obvious.

People here and everywhere know Bush is a republican. That's all you need to know.

I hope you are just pretending to be this stupid. In a free market there wouldn't be any speculation on the markets???? Did you even read that before you wrote it? Do you have any idea what a free market is? Do you have any idea what speculation is?

As far as taxes go..... since when are high taxes a fundamental element of free markets?

The number of high school drop outs on this board is embarrassing.

Hate taxing profits and the Government already gets enough per gallon from gas as it stands.

On other side if they can get tax breaks when oil was under 20 a barrel then why not pay it back now that its 130+ a barrel. If it was a free market they would have not gotten the corporate welfare at the 20.00 level

You realize that was a stupid idea to begin with. If they just tried to take away the tax breaks( corporate welfare as I see it ) and not fuck around with this "windfall tax". It might have passed.

If you think that we still have "free markets" in most things you are seriously defunct in the brain.

I did read the entire bill and I stand behind exactly what I said.

A lot of people here would be part of a party that lets hard core anti-porn bible thumpers controll it?

The new Republican = Neocon.

The fact that the US is already hopelessly ensnared in socialism, over-regulation, mindless bureaucratic waste and big government boondoggles is not a justification for making things worse. Why stop at "windfall profits taxes"? Why not price controls or nationalization?

Now you are talking. Sounds like a great idea to me.

Maybe you need to get a refund on your community college education

"A free market is a market in which prices of goods and services are arranged completely by the mutual consent of sellers and buyers. By definition, in a free market environment buyers and sellers do not coerce or mislead each other nor are they coerced by a third party."
http://en.wikipedia.org/wiki/Free_market

Coerced by third party = speculation

Free market = buyer + seller

Do you need me to use building blocks to make it work for you. There is no such thing as a real free market. Every economist knows that you need some sort of regulation, or it won't work. Google the Hunt brothers in 1980 to see how well it works without any regulation.

Guess they don't teach much at the beauty school you graduated from.

If you bothered to read whT I have posted on this I said it was a DUMB idea. As far as price controls. Well aren't farm subsidies that pay farmers NOT to grow food a form of price control? Sure it is. And it's not just the dems that are for this. Most of these farm states end up voting red every election. If John McCain went into Iowa and Nebraska and Indiana and said he was going to end farm subsidies he would lose those states.

You keep using that word. I do not think it means what you think it means. :winkwink:

Agreed. Farm subsidies are a perfect example of government meddling in the economy which causes lots of damage and solves nothing.

and where did the neo-cons come from? The far left like Obama. :disgust

To those saying we live in a free market are not living in reality. If this way of thinking keeps going law makers will be saying porn webmasters are trash and should only make 35k a year. Porn websites making 100k 200k 5 million a year???? HOW DARE THEY! TAX THEM MORE. :error

Maybe it is you who needs to look it up.

There are more problems than just the oil companies taking profits. I understand that, but taking away their tax credits is a good start. They are also taking in record profits while fucking over the country, that's when the government needs to step in. That is the job of congress.

The price of the dollar is another problem.

The major problem is speculators hedging that oil will go up, and not having any regulation or margin requirements.Some economists are saying that if there were regulation on speculators that the price of oil would drop by half within a week.

Basically it's like going to vegas and saying you want to put a million down on black, but you only have a hundred bucks.

So yes, I do know what speculation is. Do you?

Just like the tax breaks for big oil. How is that any different?

I have a feeling the bill is different from what the article leads me to believe. The article basically made it sound like let's selectively tax them because they are making a lot of money. That in my opinion is wrong no matter how evil the oil companies may be. There was some reference to other things in there that might have a positive impact but unfortunately they threw in other things guaranteeing it would be knocked down.

So if a group of companies get together and work to make a shitload of money to the detriment of the country, what should be done?

It's not just gas we are talking about. They are by themselves raising the prices of EVERYTHING! How much is enough profit when they are ruining the economy. Unless you forgot, there is a war going on and anyone that can look at stats can see it's war profiteering. plain and simple. $35 a barrel when the war started and now at almost $140.

In a free market, a Republican administration doesn't bailout Bear Stearns with $30 billion dollars in taxpayer cash. In a free market, Exxon Mobil would be required to follow the same tax rules every other corporation in this country receives.

I'm against the windfall tax, I believe everyone should be treated the same (from the big oil companies to the small laundromat). But lets not act that our economy is even close to a free market. Neither party stands for it and neither party will.

Our government makes more money on every gallon of gasoline sold in this country than Exxon.

Your right but they shouldn't get tax breaks or subsidies.

While I can't stand the neocon party (they're not real republicans) you can't blame the oil companies for making money and then justify taxing them selectively because of it.

The reason oil prices are so high is due to the increase in demand and the fact that oil is a publicly traded commodity using the dollar as a base. dollar's in the shitter. This :2 cents: is now worth 1/4 of a penny

That has got to be the most idiotic thing I have ever seen posted on gfy. You have the mind of a retarded 5 year old.

It amazes me that people actually are standing up for the companies that are fucking them. I guess I can understand how GWB got two terms.

Hey contact me, I have some great ocean front property in South Dakota I will sell you for cheap.

where is baddog in this discussion? :D

Spanky part 2 glad to see someone here has the ability to THINK:thumbsup.

But the fact is, this whole situation is about big oil getting what it wants...the ability to drill anywhere it wants including protected areas...period.

Let them drill under Mount Rushmore and the prices will start coming down:mad:

Getting his oxygen tank filled as well as replacing the pink tassles on his moter bikes handbars.

Oil companies make approximately 8 cents a gallon profit. The Federal government taxes each gallon of gas 18 cents. The state governments tax gas by 10 to 35 cents a gallon depending on where you live. Also factor in that the oil companies must pay 35% of their profits to the government.

The one with the mind of a retarded 5 year old is the one that has never heard of taxes on gasoline.

Bear Stearns was bailed out by the Federal Reserve, not the White House, but otherwise I agree with you. I agree that special tax breaks for certain industries are ridiculous. I would also point out that most of the tax breaks for oil companies relate to the development of "alternative energy" sources like coal bed mathane. They are a perfect example of government meddling in the economy and why it is almost always has negative unintended consequences.

It is difficult for you to understand how a bunch of entrepreneurs on a porn webmaster board are opposed to punitive taxation of unpopular industries? Perhaps a Porn Excess Profits Tax would be politically popular......

Another thing to remember is that not everyone here lives in their mom's basement. Some people here have assets and investments (including shares in the big bad oil companies). Perhaps that is why they don't share your enthusiasm for high taxes and big government socialism.

The White House appoints those to run the Federal Reserve. They also had to sign off on the deal since taxpayers backed it with $30 billion of their own money.

people are pist because they have to pay more and dunno wtf (especially those that live above their means or at their very end paycheck to paycheck)
but how is taxing the company providing the gas, yet not in control of the global price going to solve anything???

This has been a most interesting read.. who wants coffee?

They may make .08 on a gallon of GAS. That is what they want fools like you to believe. Lets see the same parent company also owns the oil when it comes out of the ground which still costs the same as when it was $35 a barrel and they were making record profits then. Now that it is $140 a barrel, are they still making the same profit?

They also own the shipping company that brings the oil by boat to the US = more profit.

Then they own the trucking companies that bring it to the refinery. = more profit

Then they own the refineries = more profit.

Back to that same trucking company = more profit

Then they own the property that they lease out to the station owners, but they set the prices and how they set up the stores. If they don't follow the rules they are out. = more profit.

So you see mr. simple there is more to it than the gallon of gas.

Here's another nice bit of info on how the oil companies are not only screwing us, but also the owners of the stations.

Your friends at Exxon/mobil have a computer system in place in all their stations that knows exactly what the owner is doing. Most owners make about 2¢ a gallon for pumping it into your car. Let's say the owner wants to make an extra 1¢ a gallon to try and make just a little more money, not so fast says big brother. As soon as he raises his gas price Exxon raises the price of what they are charging by the same amount.

Now isn't that nice. The little guy can't get ahead, but don't worry about Exxon. They get their cake and a tax break too.

No one is forcing the little guy to sell the gas

man you are the biggest moron on gfy...

I never realized that.

And apparently what they want all their shareholders to believe since they put it out in their financial statements. Then again, I'm sure they are just making up all those numbers and committing securities fraud just to keep people on message boards from calling them out.

I was talking about gas, nothing else. They make 8 cents a gallon according to their financial statements. You can argue about all their other businesses, but the fact remains that the government earns more money from every gallon of gas sold than the oil companies.