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Why are they subsidized? ExxonMobil profits rise 41% to $10.33 billion last quarter. October 28, 2011 4:27 pm bowser

http://situationroom.blogs.cnn.com/2011/10/28/blitzers-blog-exxonmobils-profits-soaring-why-are-they-subsidized/?hpt=sr_mid

“ExxonMobil is doing just fine, and that is good. It employs thousands of hardworking people, and I’m happy about that.

“But these impressive profits also raise an important question: Why should hardworking American taxpayers continue to subsidize ExxonMobil? Like other oil giants, ExxonMobil continues to get hefty tax benefits.”

The old answer for both Big Oil and Big Pharma is that we won’t get any more oil or drugs if they aren’t subsidized.  Remember, this profit is after R & D write-offs.  And is only quarterly.

Arf

  • On revenues of $125.3 billion by TB 2011-10-28 19:05:40
    • Where the hell did that giant font come from?? by TB 2011-10-29 16:34:39
      • I did a simple edit, now it looks fine. Looks like you included a link inside a paragraph tag. Update: could ... by podrock 2011-10-29 17:23:11
        • I've noticed that putting a link in that first "title" paragraph can cause hassles. Normally I try to work ... by TB 2011-10-29 18:12:19
      • YES. I'm tired of you guys subsidizing companies which are making profits like that, tired to corporate subsidies being ... by bowser 2011-10-28 20:36:10
        • And yes, by TB 2011-10-28 21:14:49
          • And every one of them is subsidized by taxpayer money. by bowser 2011-10-28 21:23:05
            • Obama's last budget can be found here. Print out that little chart at the bottom. Now use a green highlighter to mark ... by TB 2011-10-28 21:49:13
          • Just to keep things clear: by TB 2011-10-28 21:11:28
            • I find it impossible to generate the crocodile tears you can for Big Oil and Big Pharma. I am ... by bowser 2011-10-29 16:01:51
              • A lie is something that is provably false. Go for it. Bring real numbers, not "concepts." Show me how ... by TB 2011-10-29 16:37:38

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