Tepid Sense of an Intrepid Destiny

Thursday, July 29, 2004

Go (Income) Figure(s)

While the average income in the United States has dropped (around 5%) for the second consecutive year (as healthcare, commute, utilities and gas have gone up), CEOs average income rose from between 15 and 22 percent.  Thank you President Bush...

so it seems that the lauded tax cuts by President Bush were to try and offset the decreasing wages. Bush's base has made more and taxed less than everyone else while we are making less and paying more in every other way. This news is coming out just as the soaring deficit figures are to be announced. The deficit for the year will come in around $420 Billion... but here's the spin the cronies are putting on it... IT'S LESS THAN THE $521 BILLION THEY WERE PROJECTING, so that's a good thing.

In related news, Exxon Mobil profit Soars on High Energy Prices. I wonder how fast the SS Condi Rice is moving now?

  • Quarterly revenue surged 24 percent
  • net income rose to $5.79 billion, or 88 cents a share, in the period, from $4.17 billion, or 62 cents
  • while natural-gas output worldwide fell 3 percent
  • Soaring gasoline prices, combined with growing consumption in the United States and in Asia, have also generated stellar refining and marketing results. Downstream earnings surged $361 million to $1.51 billion on wider profit margins and higher refinery production, offset by weaker marketing results.

Where's all this money going? And Bush wants to make the common man think he cares about everyone's interests?

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