OT: Poll : Economic situation

[TimWilborne]

Throwing a statistic of $14.83 billion alone is like posting a chart without scales..

Exxon Mobil: Biggest profit in history

The largest U.S. oil company surges past analysts' estimates with a posted net income of $14.83 billion and sets a national record for quarterly profit.

But I really wish I was a drug CEO.

What your not telling people is that their sales in the 3rd quarter were $137.7 billion. That's a 10.8% profit margin.

Also, part of their profit came from the one time sale of part of their transport division for $1.62 billion. That profit won't be realized ever again. So knock that off and their total profit from normal operations is $13.21 billion for a profit margin of 9.5%. The news always seems to leave out these important details...

What's really amazing about this is that people are complaining about the banks loosing money and at the same time complaining about oil companies making money...which way do you want it?

 

[randyk]

Okay maybe picking on just a few sectors is not the correct way about it but they are examples and although they pay biliions in taxes they still make as many billions in profit.I do not deny them the right to make profit it is just the amount of profit that is made is hard to accept, and that is a view I have held before any economic crisis hit. As to keep government out of private business, had governments looked and learnt how business should be run and paid the right people to do it then it would have stood a chance.
What about all the directors of failed companies, or companies taht start to fail who walk away with big Golden handshakes and tied up pensions, if we fail would we get that.

If the government had learned how to run a business then social security and medicare would have money in them for when we retire. I just don't understand how people can want the government to run things when they can't even keep SS and medicare afloat.

 

[ganutenator]

what no poll? How do you take a poll and not post a poll?