Nov 10, 2005

Congress derides the profit motive

Ayn Rand must be spinning in her grave, the poor woman...

Today the always reliable (for a laugh or a fright) United States Senate was interrogating executives of ExxonMobil, Chevron, ConocoPhillips, BP and Shell as to the source and purpose of their "obscene" profits from the third quarter of this year. These professional nannies have the gigantic balls to suggest that private enterprises do certain things with the money they make on the very same day that they removed portions of the Deficit Reduction Act that would have allowed those companies to invest their profits in new drilling off the Atlantic and Pacific coasts, and in ANWR. Sheer madness, I tell you. I mean, I know they have that least common denominator to pander to, but this is just incomprehensible.
"["Republican"] Olympia Snowe of Maine, called on the major oil companies to voluntarily contribute to a federal program that helps low-income families pay part of their winter heating bills." The number of things wrong with that statement are incalculable. Oil companies owe nothing to the citizens of this country but a continuous supply of their product at whatever cost they deem necessary. The only thing to which they should be contributing is the increased efficiency of their business model. Maybe the low-income families that so desperately need lower heating bills should get off their asses and create a business that makes enough profit for Congress to haul them in for waterboarding.

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