We are getting screwed…

Exxon Mobil’s record $11.7 billion earnings — the largest quarterly profit ever for an American company. Royal Dutch Shell reported quarterly profit of $11.6 billion. Iraq is putting $79 billion in the bank from oil profits this year while America is spending $34 billion on reconstruction over there. The Iraqui deposit at the Federal Reserve Bank is so large that the United States has been obliged to make $435.6 million in interest payments to Iraq through the end of last year. Are we getting screwed yet? Is anyone in Congress thinking? Why should we let Iraq and Big Oil drain the life out of our economy and leave us freezing in the dark? At least drain the bank account and give the money to fuel assistance programs. At best, let the Iraquis row their own boat.

Published in: on August 6, 2008 at 8:17 am Leave a Comment
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