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Originally posted by citizen:
Well, first you type words into the post, then you hit 'post'.

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Originally posted by NewOldBrownCoat:
So folks should vote for her now, so she might be the nominee at the convention in August, and could get elected in November, and get inaugurated in January, Next year, and then give us a gas tax holiday THIS SUMMER.

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Originally posted by Fletch2:
Voodoo economics man. If she is elected in January she will use her awesome voodoo powers to make Bush and congress pass the tax break NOW.

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Originally posted by NewOldBrownCoat:
oops, hit one too many delete keys and it double posted.
Hillary sez:
"I want to give you a gas tax holiday this summer and I want the oil companies to pay the gas tax out of their record profits." Now you may have heard something about this on the news because it's controversial. My opponent, Sen. Obama, says, 'Oh no, that's just a gimmick, that's not going to help people.'
"Well, I gotta tell you, according to the Department of Energy, it will help you [save] $70 this summer, and if you're a truck driver or you commute long distances, it'll help you even more."
from CNN.
So folks should vote for her now, so she might be the nominee at the convention in August, and could get elected in November, and get inaugurated in January, Next year, and then give us a gas tax holiday THIS SUMMER. Even if she could get it passed, and Bush signed it, and got the legislation on windfall profits passed, and THAT got signed, and it was a good idea, how's it gonna work? Retroactively? Time warp?
Oh, well, it oughtta be an easy promise to keep-- "I want to give you this." Sure she does. But there ain't no way she can, now or later.

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Originally posted by WhoDied:


WYLD STALLYNS!

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Originally posted by AURaptor:
But when it shoots up to $ 120+ a barrel, then yeah, they'll make more $$.

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Originally posted by NewOldBrownCoat:
Hillary sez:
"I want to give you a gas tax holiday this summer and I want the oil companies to pay the gas tax out of their record profits."

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Originally posted by SignyM:
Oh my god, Rap. Are you playing with numbers again? Haven't you learned that can be dangerous, especially if you haven't the faintest clue what you're doing with 'em?

Stick to politics and military strategy, that's more your aren...

On second thought, nevermind.

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No one even knows what to charge for goods from day to day, because they can't predict how much & when they're gonna get all their goods increased...out of control spiraling inflation is what we have...

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Originally posted by NewOldBrownCoat:
oops, hit one too many delete keys and it double posted.
Hillary sez:
"I want to give you a gas tax holiday this summer and I want the oil companies to pay the gas tax out of their record profits." Now you may have heard something about this on the news because it's controversial. My opponent, Sen. Obama, says, 'Oh no, that's just a gimmick, that's not going to help people.'
"Well, I gotta tell you, according to the Department of Energy, it will help you [save] $70 this summer, and if you're a truck driver or you commute long distances, it'll help you even more."
from CNN.
So folks should vote for her now, so she might be the nominee at the convention in August, and could get elected in November, and get inaugurated in January, Next year, and then give us a gas tax holiday THIS SUMMER. Even if she could get it passed, and Bush signed it, and got the legislation on windfall profits passed, and THAT got signed, and it was a good idea, how's it gonna work? Retroactively? Time warp?
Oh, well, it oughtta be an easy promise to keep-- "I want to give you this." Sure she does. But there ain't no way she can, now or later.

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Originally posted by citizen:
A 10% profit margin is pretty high, depending on what you mean by 'profit margin'.

g

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Originally posted by AURaptor:
Actually, it's quite low, as profit margin is described below.

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Most financial institutions, such as commercial banks, are routinely more profitable than Exxon Mobil was in its third quarter. For example, Exxon Mobil's gross margin of 9.8 cents of profit for every dollar of revenue pales in comparison to Citigroup Inc.'s 15.7 cents in 2004. By percentage of total revenue, banking is consistently the most profitable industry in America, followed closely by the drug industry.

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The profit margin is mostly used for internal comparison.
For example, a company produces a loaf of bread and sells it for 10 units of currency. It cost the company 6 units of currency to produce the bread and it also had to pay an additional 2 units of currency in tax.
That makes the company's net income 2 units of currency (10 - 6, before tax, then minus 2 for tax). Since its revenue is 10 units of currency, the profit margin would be (2 / 10) or 20%.

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Originally posted by Finn mac Cumhal:

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Originally posted by NewOldBrownCoat:
Hillary sez:
"I want to give you a gas tax holiday this summer and I want the oil companies to pay the gas tax out of their record profits."

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Yeah, this will guarantee higher gas prices.

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Originally posted by citizen:
On average that works out too about $8.34US per US gallon. While the average in the US is about $3.78, I find it hard to sympathise. In the US you've got it pretty good, you're living the sweet life.

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I note for the record that McCain has made essentially the same proposal, along the lines of "If you vote for me in November, and I'm inaugurated in January, I'll do away with the gas tax this summer!"

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