So lemme get this straight. we're at "war", and a company is taking advantage of a very volatile market at the expense of the American people, reaping unheard of profits ( the largest quarterly corporate profits ever by a company in history) A threefold jump in profits from the usual and our president, who has constantly claimed heis acting in our best interests, thinks this is just hunky dory?NASHVILLE, Tenn. -
President Bush defended the huge profits of Exxon Mobil Corp. Wednesday, saying they are simply the result of the marketplace and that consumers socked with soaring energy costs should not expect price breaks.
In an interview with The Associated Press, Bush also addressed oil's future, offering a more ambitious hope than in his State of the Union speech for cutting imports from the volatile Mideast.
However, he said his oft-stated goal of a Palestinian state in the region cannot be realized if a Hamas-led government refuses to renounce its desire to destroy
Israel.
Bush, a former Texas oilman, said of oil costs, "I think that basically the price is determined by the marketplace and that's the way it should be."
During the '94 northridge earth quake, several local gas stations and water businesses were cited for price gouging when they as much as doubled their prices. The furor from the public had two guys arrested before they were fined.
but, as long as the president says its ok....
after all, he has our best interests at heart.
