Big Oil. The greedy ich that just wont go away.

Lurking in the shadows of economic doom, smiling from ear to ear and laughing behind closed doors the big oil executives chuckle at the headlines of their big bank counterparts. What a relief it is to have the scornful eye of public opinion looking elsewhere as they slowly crank up the price of gasoline again. They are obviously oblivious to the current economic condition and challenges facing American families today or simply don’t give a damn. They seem hell bent on destroying this country or at least the consumer. I guess they have enough money to weather any storm… having recorded world record profits. I wonder if Mr. Obama and company have given any thought at all to what effect ANY increase in the price of Oil will have on the “Economic Stimulus Plans”? They can “fire” the CEO of GM. They can demand corporate restructuring ( that fits their concepts ) or force a bankruptcy. They can own Banks and influence cash flows and interest rates. But when it comes to a natural resource that everyone relies upon and simply has little choice to pay for ( that is if they want to get to work, school or perhaps to a doctor) they sit back and watch these big oil companies reap huge windfalls on the backs of the American people. Let us not forget that these companies, which are given huge tax advantages and Billions of Tax payer’s money to explore and recover “our” Natural resources, were part and parcel to bringing down our economy so quickly. They were the straw that broke the camels back as it were.
As consumers struggled to meet the heavy burden created by $3 and $4 gasoline they were forced to use credit cards to pay for their gas and then groceries and now they are paying interest as well. Credit Cards companies ( Banks ) benefited greatly from all the extra income generated by all those transactions. They were smiling. What a country. Now they are raising interest rates on good and faithful clients, closing or reducing credit lines and increasing fees. Why? Because they can.
Home Values are down.
Employment is down.
Real Income is down.
Savings are down.
Retirement accounts have been erased in bankruptcy ( stolen! )
The value of the US dollar is in the toilet
The stock market is DOWN

Food prices are up.
Gas is going up … AGAIN.
Interests rates and bank fees are going up.
Unemployment is up.
Taxes are going up ( ie property, Sales, income, etc..)
Medical costs are ridiculous.
Big Government is getting bigger. The National debt.. yes it too is going up, in fact it left the atmosphere 4 weeks ago.

They are partying in the White House. Are we having fun yet?

~ by executivechaos on April 1, 2009.