Ferrari Mailing List: Re: Oil company bail-out

[philville dejazzd.com (philville]

   Has any one looked at the changes being weought in GM's product line
   up?

   That new Pontiac G8 (I think) actually looks like it could be in
   contention with some of its euro contenders....# series
   Bmws Lexus etc.  wouldn't it be nice to be able to have a domestic
   product on our automotive wish list?
   Phil ( Who is tired of beating on Big Oil Rick)
   ----- Original Message -----
   From: JAshburne [at] aol.com
   Date: Sunday, January 4, 2009 9:25 am
   Subject: Re: [Ferrari] Oil company bail-out
   To: Phil Tegtmeier <philville [at] dejazzd.com>
   Cc: ferrari [at] ferrarilist.com
   >
   > The whole windfall profits tax idea was complete bullsh*t
   > anyway.  At  its
   > peak, the most profitable major oil company made barely 11% net
   > profits  margin
   > and paid very significant corporate income taxes.
   > Meanwhile there  are dozens
   > of companies and industries with higher margin that never got
   > a  second
   > glance as making too much money.  Microsoft, for instance,
   > routinely  makes a net
   > profit margin in the high 20's percent and nobody in Congress
   > ever  cared about
   > that, nor should they.  Since when is making a profit a
   > bad  thing?
   >
   > Now that we are using less oil, FedGovCo is scrambling to find
   > ways to
   > replace the lost fuel taxes.  Where has all the money
   > collected so far been  spent?
   >  It's hard to believe that the government, which
   > collectively makes  three
   > times as much on a gallon of gasoline as an oil company, (for no
   > work or  risk,
   > by the way) has been spending those taxes on our roads that are
   > falling  apart
   > faster than the new construction projects can fix them.
   >
   > The hypocritical thing is that the clamor to increase the gas
   > tax or to
   > institute Oregon style "mileage" taxes are incredibly regressive
   > taxes and hurt
   > the fabled "little guy" more than the high income earner.
   > Where is the
   > concern for the little guy among all the politicos who have been
   > jumping on  the
   > Obama "spread the wealth around" bandwagon?
   >
   > What it all boils down to is that the collective Us of the
   > United States  are
   > rapidly letting the government get bigger and bigger and taking
   > over more
   > and more control of our lives.  The majority feeling in
   > this country seems  to
   > be that the very first reaction to any problem (bank failures,
   > crappy  car
   > companies not being competitive with other car companies making
   > cars in this
   > country, etc, etc.) is "Let's have the government fix this
   > problem".  This  is a
   > huge change from the capitalistic system that made this country
   > great in  which
   > having the government get involved in anything was the LAST
   > choice and  only
   > after all other private market solutions didn't work.
   >
   > God save the United States, because we could really use some
   > enlightenment
   > down here!
   >
   > John
   >
   >
   >
   >
   > In a message dated 1/3/2009 10:58:02 P.M. Eastern Standard
   > Time,
   > rolindsay [at] yahoo.com writes:
   >
   > Hey  Gang,
   >
   > Oil is selling for 1/3 what it sold for a year or so ago.
   > Same  with
   > gasoline/petrol.
   >
   > Its funny that no one is offering bail-out money  to an
   > industry earning 1/3
   > of what it did just a year or two ago. And unlike  Ford, GM
   > and Chrysler, we
   > don't make a crap product!  And our industry is
   > grossly under staffed with
   > increasingly fewer senior scientists and  engineers.
   > Many campuses believe the
   > CNN-style uber-greenie crap and now  discourage students
   > from entering the
   > energy sector. Been there, witnessed  that!  Let's
   > just hope that we don't end up
   > with layoffs and early  retirements in oil and gas
   > exploration, as in previous
   > down-turns, or pretty  soon $4 gasoline will seem like an
   > incredibly
   > fantastic bargain.
   >
   > Rick  - waiting for the recovery, or retiring
   > Sent via BlackBerry by  AT&T
   >
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   Philip "Phil" Tegtmeier
   39 Churchill Drive
   Elverson Pa 19520
   610.525.8949
   And, go to: ... www.PhilvilleUSA.com