Thursday, March 26, 2009

A preview of McCain's unwritten book?


He is one of the most graceful and appealing political communicators to appear on the national stage in my lifetime. He is, also, one of the more artfully dishonest ones.
Salter has co written all of McCain's books.

Thursday, January 22, 2009

Obama's hopeanchange

Obama has been quick to shut down Gitmo and end coercive interrogation methods. We can take a rain check on pretty much all his other promises. Funny, McCain pledged to close Gitmo and coercive interrogation too.

Thursday, December 11, 2008

Big Oil

Big Oil calls me dumb for resenting their "small" 9% profit margins in recent months and years. Today, a barrel of oil costs ~$50. Compare that to an identical barrel of oil that cost $140 six months ago.

The math: With a 9% profit margin, Exxon would break even on a $140 barrel of oil by selling it for only $127.40. Exxon has consistently profited by about $10 billion per quarter over the last couple years. So Exxon's break even point is $127.40/barrel. Roughly every dollar over $127.40 they charge, they make a billion dollars/quarter.

That means they should lose about $75 billion for every barrel they sell in Q4 08. Will they? Not a chance. They'll still make billions this quarter. How can this be? They've masked profits all along. The 9% profit margin they've suckered the country on is a load of crap.

Monday, November 24, 2008

Monday, November 17, 2008

Broken Promise #2

Change a second lobbyist can believe in...

Broken Promise #1

A week after the election we have humdinger of a broken promise (that I've bothered to count) #1