Friday, October 28, 2011
Talk about going mainstream
Wolf Blitzer, ace newsman and famous CNN Talking Furface, has asked the question,
Did you notice that ExxonMobil’s profits rose 41 percent in the last quarter to $10.33 billion? A year ago, its third quarter profit was $7.35 billion.Any day now, Brian Williams will pick up on this.
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.
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