Sen. Clinton criticizes Exxon Mobil selloff
Fortune
May 4, 2008
Editor’s note: Exxon owners, the Rockefeller family, were disappointed with former chairman, CEO, and neocon Lee Raymond, who was not onboard with the fake climate change agenda.
Exxon Mobil’s (XOM) latest numbers continue to draw scrutiny. Exxon posted a 17% rise in first-quarter earnings, to $10.9 billion, or $2.03 a share, as the company benefited from the rise in energy prices. But shares fell 3% in afternoon trading, as the numbers missed Wall Street’s expectations and investors worried about an unusual production decline. Sen. Hillary Rodham Clinton indicated in an afternoon statement from her presidential campaign office that she’s enraged by the implication of Thursday’s selloff - that Exxon isn’t making enough money.
“There is something seriously wrong with our economy when Exxon’s record $11 billion in quarterly profits are seen as a disappointment by Wall Street,” Clinton said. She went on to use the company’s latest gains to reiterate her call for a gas tax holiday — a proposal has been criticized by economists who say it won’t result in lower prices for consumers. “I believe we should impose a windfall profits tax on big oil companies and use that money to suspend the gas tax and give families relief at the pump,” Clinton said.
Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList
May 7th, 2008 at 5:09 am
These politicians, and in this instance Hillary Clinton, are clueless. They have no idea how business is done yet they want to continuously stick their noses where they don’t belong. Mccain is no better. God I wish there was another choice. The oil companies despite their record profits and the fact I am hurting at the pump have ridiculously low profit margins. Chew on that Senator Clinton!
May 7th, 2008 at 6:01 am
This is why I am voting Ron Paul.
May 7th, 2008 at 8:13 pm
Me too, i voted for Ron Paul.
Ron Paul Go
May 7th, 2008 at 8:36 pm
This is ridiculous… go Ron Paul!
May 7th, 2008 at 11:23 pm
I voted for Ron Paul as well!
May 8th, 2008 at 3:33 am
I voted for Ron Paul
May 8th, 2008 at 5:03 am
Here in the UK we are taxed heavily on fuels masqueraded as a “green tax”. It’s about time that government’s taxed the oil companies heavily and give large tax breaks on investment on renewable/sustainable energy.
It’s unlikely they will ever do this as the tax we pay on fuel goes towards many other areas such as teh civil service pension scheme!!
May 8th, 2008 at 11:12 am
I to like Ron Paul. Although I do agree with Clinton’s point about the nearly 11 billion in profits being a dissappointment to Wall Street. Corporate greed is killing this nation.
May 8th, 2008 at 8:12 pm
I find it absolutely ridiculous that politicians, mostly democrats, see the word “profit” as an offensive / vulgar word. Profit is what makes our economy work. I Doubt Hillary actually believes half of the things she says, but rather says them to draw in democratic votes, as we all know, democrats are socialists. I’m voting either Ron Paul or Libertarian this year.