Obama calls for end to big oil entitlements during record profits

[Red Dawn]

That is one of the stupidest things I have ever heard on any site on the entire internet.

And that's saying a lot for you considering some of your posts.

A lot of Big Oils profits come elsewhere than the gas pumps.

 

[zinfamous]

Gas/Oil is a necessity in todays society. It is not something that should be in the hands of private industry. The government should be the one who produces it and sells it to the people at a reasonable price. Necessities should never be in the hand of private companies.

wtf

 

[Hayabusa Rider]

You keep posting this 30% nonsense number. Take 5 minutes and look up the 10-k report for a publicly traded insurance company. You will see that around 85%+ of revenues are paid out as reimbursements to doctors.

All the GM bailout proved is that Mr. Obama, the constitutional law professor, doesn't believe in contracts or the ability for creditors to seek redress in the courts. It was one of the most corrupt things I've seen in politics aside from being terrible policy on a number of levels.

Stop confusing him with facts. Private health care is evil and if lies are necessary to make it so, then so be it. We're being raped up the rectum by the government in NY. They aren't allowed to take our property taxes for Medicaid, and they do it anyway. Government is completely unaccountable when it comes to this. Fifty billion dollars a year, yet not one word of criticism about the inefficiencies and abuses. Not one word for reform. Government is God. Obey.

 

[Hayabusa Rider]

wtf

He's pretty much of the North Korean school of economics.

 

[Abwx]

Whining for 50bn $ when military expenses are at least
650bn$ in direct costs...

And they says they are not racists...

 

[Hayabusa Rider]

Whining for 50bn $ when military expenses are at least
650bn$ in direct costs...

And they says they are not racists...

Hey genius, that's what it costs in NY state alone. It's currently one third of our state budget. We have the highest property taxes in the nation, have high business taxes, income taxes and it isn't enough.

Congrats, here's your trophy!

 

[IHateMyJob2004]

Over the last five years, Mr. Obama said, the five largest oil companies each earned between $75 billion and $125 billion. An array of tax breaks equal to 5 billion dollars in tax monies are going into their pockets.

link


Anyone seeing a reason for big oil to charge us at the pump while living high on the hog from taxmonies?

I am curious how the Republican fiscal rhetoric will match up with action. Somehow I doubt it.

Please read up on things like hedging, speculation and investment. it's not all the oil companies faults. The recent commodity pull back was caused by margin tightening on investment accounts. Pretty much proves that this is all speculator and investor driven.

 

[matt0611]

Yes food and housing should be controlled and provided by the government. Housing a natural right, and as such should not be in the hand of private companies. Private companies do little good for society, they have one care and that is profit. They put profits over people. A government of the people would put the people over money.

Is that you hugo?

 

[davmat787]

Whining for 50bn $ when military expenses are at least
650bn$ in direct costs...

And they says they are not racists...

What are you specifically referring to that is racist?

 

[Abwx]

What are you specifically referring to that is racist?

Mind you, i posted on the wrong thread , as i had another
forum page opened, the one about immigrants and welfare.

But still, there s a poster that did find enough relevance
to answer in respect to this thread ,with disagreement though..

 

[Hayabusa Rider]

Mind you, i posted on the wrong thread , as i had another
forum page opened, the one about immigrants and welfare.

But still, there s a poster that did find enough relevance
to answer in respect to this thread ,with disagreement though..

That's because I assumed a stance of dominance

 

[Abwx]

I catched the 50bn figure in this thread, though,
inadvertenly i thought that it was the cost of
illegal immigrants access to state s welfare..

Indeed, Hayabusa seems to not agree
with illegals being welfare eligible, so in way,
the discussion was still on track although
timely shifted in this thread with some
unexpected relevance..

 

[Hayabusa Rider]

I catched the 50bn figure in this thread, though,
inadvertenly i thought that it was the cost of
illegal immigrants access to state s welfare..

Indeed, Hayabusa seems to not agree
with illegals being welfare eligible, so in way,
the discussion was still on track although
timely shifted in this thread with some
unexpected relevance..

It's a fair shot at a save

My problem isn't that welfare exists but in our system there is neither much opportunity to get off of it nor is there much incentive. Worse, suggesting reform is tantamount to racism. Why is that? The NY Times has some articles which are inaccurate or lies. For example with medicaid certain expensive medications require what's known as prior authorization. That means that if two drugs are therapeutically equivalent the less expensive is to be used unless there is a demonstrated need. If there is a 5 dollar generic that has to be used in place of the $200 brand name. The NYT seems to think that people on medicaid should be able to run up the bill by eliminating any restrictions. Further it states another lie and that is about copays. The brand name copay is currently $3.00 and it's supposed to be raised to $3.40. They say this will prevent people from taking medication. Again that's a lie. The law allows people to refuse to pay making the provider take the loss with no compensation whatsoever. They cannot be denied service.

One-third our budget, the largest in the nation isn't good enough so they have to lie about it. The solution proposed is that reimbursments be cut. That means getting less than what it costs to provide the service, and oh, raise taxes further.

There's nothing racist in not wanting people to lose their homes because they are unable to pay their property taxes while advocates are completely dishonest about how the system works, and want unlimited and unquestioned benefits no matter how much it costs even when it's unnecessary.

That's not right.