Boston Herald reports today that Exxon is expected to make more than $10
billion in profits for this quarter. Kind of nice for a company that has not
felt the crunch of Hurricane Katrina like all other Americans are.
Oil companies came under new fire yesterday when it emerged that
ExxonMobil’s profits are likely to soar above $10 billion this quarter on
the back of the fuel crisis.
That’s $110 million a day, and more net income than any company has ever
made in a quarter. It’s also a stunning 69 percent increase over the same
period a year ago and a 34 percent jump from the $7.6 billion Exxon made
just last quarter.
“Do you realize President Bush has just given a tax break to ExxonMobil?”
thundered Rep. Ed Markey (D-Malden). “Of all the companies in the history
of the world that needed a tax break, this month, ExxonMobil should be at
the bottom of the list.”
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This is just further proof of how Bush’s tax breaks continue to hurt the
common man and benefit the super rich. American’s need to wake up to this crime
against their very livelihood and demand changes now.