Tuesday, February 06, 2007


Actually, all weekend long I was soooo looking forward today so that I could play a little Hillary sound byte for you. Today you will actually hear Ms. Rodham screeching these words ..... here's the transcript. Hillary was talking about the profits earned by Exxon Mobile in 2006. She was speaking to a meeting of Democrats:

"The Democrats know what needs to be done. Again, we're working trying to try push this agenda forward. The other day the oil companies reported the highest profits in the history of the world. I want to take those profits and I want to put them into a strategic energy fund that will begin to fund alternative, smart energy; alternatives and technology that will begin to actually move us toward the direction of independence."

Many years ago one of Hillary's professors at Yale identified her as a socialist. I ask you now, did that professor have a point? Does this sound like the rantings of a person who is supportive of the concept of free enterprise?

Where do we start with Hillary's comment? There are so many points that need to be brought up.

First is Hillary's obvious belief that the profits of American corporations are the government's to take. This attitude shows a complete disdain for the concept of private property rights. Those profits belong to the shareholders of Exxon Mobile, not to government, and certainly not to Hillary Rodham.

And just who are the shareholders of Exxon Mobile? Who are the people that Hillary wants to punish by "taking" their earnings?

Here we have to battle the economic ignorance of the American people ... an economic ignorance fostered by our hideous system of government education. Most Americans believe that the Exxon Mobile shareholders are probably rich fat cats sitting on their yachts in the Bahamas or jetting around the world on their private jets when they aren't living in their multi-million dollar homes.


Some of the largest shareholders in Exxon Mobile are quite likely retirement funds. Teacher retirement funds, Police retirement funds. Fireman retirement funds. These funds invest their member's money in stocks of corporations likely to return a good annual dividend. The dividends are then used to write the monthly checks to retirees. This is the money that Hillary wants to "take."

Now Hillary knows this. She may be America's most dangerous politician (you're beginning to see why) but she most certainly is not stupid. She knows who those Exxon Mobile shareholders are. She also knows that most Americans buy the fat-cat scenario and that she can talk about "taking" corporate profits with virtual immunity. The people who she depends on to vote for her have no understanding how dangerous she is.

Once again we find ourselves right back at our neighborhood government school. Hillary knows that there will be no real price to pay for her anti-capitalist comments because most Americans have a completely distorted view of the role corporate profits play in our economy. We know that our government schools do a hideous job of educating our children. Politicians know this also. We're upset. Politicians generally are not. Hillary couldn't stand up there and say "I want to take these profits and ..... " if the American people had any clear understanding of economics and corporate profits. The dumber the masses, the easier it is for people like Hillary to get away with her demagoguery.

To begin with .. let me tell you that Exxon Mobile made about $39 billion in 2006. Now that's a lot of money, isn't it? Does that profit figure give you enough information to determine whether or not Exxon Mobile made too much? Too little? Just enough? Some of you who are reading this are unfamiliar with my radio show. Perhaps you haven't read Nealz Nuze before. So ... let me ask you this. You now know what Exxon Mobile's profit was. Can you tell me what their profit margin was? Now if you approach the average man on the street and ask them what they think a fair profit for a corporation would be the answer will average out at about 20%. That's right. Repeated surveys show that most Americans think a 20% profit margin would be a fair figure for most American corporations. Well, as of the end of Exxon Mobile's third quarter of 2006 their profit margin was 11.46%. That's quite a bit below the profit margin of many huge finance corporations and banks.

I'm not sure what Exxon Mobile's profit margin was when you factor in the final quarter. My quick calculations show it to be somewhere between 10 and 11%. That, clearly, is too high for Hillary. A profit margin that high means that Hillary wants to move in and "take" the profits. She has things she wants to spend that money on. Never mind the retirement funds who depend on corporate dividends paid from these profits to write retirement checks. Never mind individual investors who use the dividends from these profits to pay bills. Hillary doesn't care about these people. She cares about power. She knows that Americans all Americans can see is that $39 billion figure -- and that their economic ignorance can be manipulated for votes. To manipulate these people all The Hildabeast has to do is get up there and talk about "taking" profits away from evil, rich corporations.

Music to an uneducated public's ears.

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