Thursday, October 30, 2008

Exxon-Mobil records largest quarterly profit in history; capitalism is great but this is ridiculous

Exxon-Mobil reported the largest quarterly corporate profit in American history this morning, shocking some and encouraging others.

These kind of profits made off the incomes of average Americans should be taxed more heavily, as Sen. Barack Obama proposes to do as president.

Yes, Exxon's profits will decline in the next quarter because of declining gas prices. But the gouging of the American public continues. And a new President Obama will need to act.

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