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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (256182)	10/18/2005 4:31:49 PM
From: American Spirit	Read Replies (1) \| Respond to of 1572326

No corporation should be allowed to gouge. That is like robbing a bank times a thousand or even a million. Whomever is guilty of white collar crime should be dealt with harshly. In this case, the entire Texas oil and energy cartel as well as Saudis and Kuwaits are guilty, going all the way up to Bush and Cheney. Since we can't put them all in jail, and there's probably not much paper evidence, we can at least windfall profit tax them, fine Halliburton for over-charging, then vote the ratfinks out of office next year and impeach the rest. That's what we call good old-fashioned justice. These people are crooks. Make no mistake. And wou watch, as soon as Texas Bushies lose power the gas prices will drop 15%-30%. The gouging is estimated to be somewherein the area of 15-30% of the price we pay. Back in 2000-2001 it was even more for awhile. NG prices went up 450% at one point. All gouging. All Texas thievery.

To: Elroy who wrote (256182)	10/18/2005 4:51:30 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572326

re: And you've never answered, if Exxon's profits last year were gouging, what amount would have been appropriate? Since you keep asking the same question... If they wanted to act in the public interest, they could have managed their prices so that their total gross margin dollars would have been the same before/after the oil shock. Instead, what they did was take the same gross margin percentage on the higher selling price, giving them a windfall profit at the expense of their customers. It's not unprecedented for a company to make that type of sacrifice. When there is a bad hurricane, Home Depot NEVER raises their prices, even if their COGS goes up. Part of that is certainly self interest and great PR... still, it's also being a good citizen. John