Sen. Clinton criticizes Exxon Mobil selloff

Exxon Mobile is using its monopoly powers to gauge the public.

They are single-handedly responsible for the current recession we are in.

They are more anti-American than any Iraqi on the face of this earth

the real question is how many dollars do corporations actually pay in taxes?

when you include all taxes paid(personal income tax, property tax, tariffs, etc.) aren’t the real tax rates in those countries much higher?

“hello taxes, bye bye jobs.” is a myth.

Those tax dollars would be reinvested in infrastructure improvements, education, r&d, etc..

real long term economic growth.

china, india, europe, and latin america have all made that commitment.
they are supposedly reaping the benefits.

judging our economic success via capital growth is the real reason we are in a seemingly endless recession.

how does real wages falling = rising home values? of course it was going to pop. (see san fernando valley 1988-1992)

we are competing against countries with minimal, if non-existent, environmental and labor laws, isn’t that also part of thier economic success? why should we lower our standards to succeed?

when did quality of life lose it’s luster? what ever happened to good government?

soon we will have no milkshake left to drink.

Exxon dividends are historically low. If 48% of the profit is going for taxes why do they not return more of the profits to the shareholders?

It is humorous that Hillary only concentrates on the $10.9 billion earnings and not the $2.03 per share that number represents. The P/E (Price / Earnings) is the real price of any stock. In this case investors are paying about $12 for every one-dollar of earnings ($2 x 4 quarters ~= $8).

Democrats just seem to have a problem with large numbers. If I sell something for $100 and make a profit of $10 that is just fine. But if I sell something for $100,000,000 and make a profit of $10,000,000 then I am EVIL.

Charlie, Odenton, MD , You are truly a idiot, can you fault me or anyone else for trying to better their lives by driving that extra mile to at least with a faint bit of hope try to get ahead ?

Do you think that for one minute that big corporate America, like Bear sterns, Citi group, Bank of America, Country wide home loans, didn’t take the mortgage crisis upon their selves ?

No one told them to jack their rates up or to turn out so many high risk loans. They brought this upon their selves.

You cant fault people for wanting safety in bigger SUV’s from people like you that actually support this corrupt system.

Chances are you are a terrible driver that cant see past your limo drivers fat head. We all make the choices in life that we live with, but when some one steps in (Enter big Corp. America here ) and starts stealing from you, me and ever other person with out a viable explanation, and the Republican party is in you back pocket.

Then it time some one calls BS and it needs to be regulated.

Cheap Talk for a woman whose hubby has been handed $50,000,000 from the Muslim Oil Princes.

Our problem is that we don’t even have enough refinery capacity…the Dem’s have killed all development for 25 years. We are IMPORTING Gasoline now.

Those big profits reflect the size of any company required to have a diversified world oil production presence. They are dealing with a world where 80% of the oil is controlled by Socialist Governments, many which are our long term enemies, militarily and culturaly. Meanwhile, those billion folks in China want a GM or Toyota, no more rickshaw or scooter for them!

Businesses get a lot of tax breaks at state and local levels, so the corporate tax is not bad as it is being made out to be.
Corporations biggest cost is usually labor. That’s why they go elsewhere. Their greed to blame for declining level of competetion. We have changed from a robust manufacturing economy to a service economy in 30 years. Now, they can get even cheaper labor costs by shipping service jobs overseas as well. It is not Dems or Rep that are ruining this country, nor is it excessive taxes, it’s multi-national corporations and their greed.
They don’t care about the common worker!

Gasoline should be a utility, like electricity and water. Unless we are prepared to build the public transportation infrastructure we should have built starting in the 1950’s (trains, etc…), we need to make our existing transportation infrastructure (cars, gasoline, highways) a utility. Transportation is not a luxury, it is a necessity, like electricity and water. Look what happened with Enron and the California electricity market– do we want that situation nationwide with gasoline?

Like all political issues, the most important thing we can all do is get the facts for ourselves. Responsible voters will get past the rhetoric and decide their position on issues based on reason, not knee-jerk reactions.

Check out the API website to learn how energy markets work, look at ExxonMobil’s SEC filings to see how much the company really pays in taxes (all are public information). Read contrarian articles and information - they definitely have something to offer.

In all cases, check the facts. I bet you would be surprised.

“There is something seriously wrong with our economy when Exxon’s record $11 billion in quarterly profits are seen as a disappointment by Wall Street.”

I find it strange, funny, and disturbing that we have a presidential candidate who is commenting on 3% market moves of a particular stock. If she were just saying we should tax the oil companies, I’d understand — right or wrong, such comments are within the normal scope of what candidates tend to say. But to publicly register her disapproval of the thousands of investors who made the decision to sell on Thursday? What is she even talking about? Presumably she would have been happy if the share price had surged by 3% instead of falling by 3%?

Just more Clinton silliness. It was a chance to pander to voters by telling them she’s going to stick it to rich oil companies, and she saw the opportunity to mention a share price and wow her voters (largely poor and uneducated) with her supposed financial savvy.

Presidential candidates are not stock analysts, and it is weird when they start commenting on daily movements in share prices. Maybe next she’ll issue a Buy, Hold, or Sell recommendation on Exxon. Who knows?

When will the Democrats come up with a strategy other than raising taxes?

Do they not realize that the US already has the 2nd highest corporate tax rate IN THE WORLD?

Do they not realize that the country with the highest corporate tax rate has been in a seemingly endless recession?

Do they not realize that American companies cannot compete with the likes of China, India, Europe, and Latin America when our corporate tax rate is so much higher than theirs?

Do they not realize that net results of high corporate taxes are job losses for American workers?

Yes, it’s true. Elect a Democrat and it’s “hello taxes, bye bye jobs.”

The oil companies don’t pay their taxes anyway so tax them some more - it’s good for the polls.

This is everything that wrong with this country. There are poor famiies making 30000 a year who cannot afford to buy gas to get to work. Then you see 10 billion profit for 1 quarter, I say take over their assets and state run the oil industry, So then the poor guy has to charge gas. The credit card companies pay off corrutpt politicians
who allow them to raise interest rates to 36 percent, The american people don’t have a chance in this vicious cycle of corporate greed- government corruption

This is insane. The real issue is that the US has no alternative power in place for auto’s. A real push for Hydrogen needs to happen here. We could create the hydrogen on our own soil and not have to import crude from other countries. The oil companies control this whole infrastructure and we need to remove this control.

Exxon is actually only making profits from over seas, very little profit comes from the US. Also, if I had a business, I would want to make a profit too. Politicians are all liar’s

Word of wisdom; buy stock in EXXON.

She does not get it, Her plan for a Holiday gas tax and increase tax on the oil companies will only increase the amount per gallon of gas. They are a business and they are in business to make money why would they be in business to give it away for free. DUH! Wake up politicians. It’s all about supply and demand and right now there is more demand and less supply.

Do Congress realize EXXON have to purchase 70-75% of their crude on the open market? Said another way EXXON “reserves” account for only 25/30% of their liquid products. Their marginal barrel of sales comes from purchased crude, and it’s hard to make a buck on those.

No amount of punitive tinkering on crude profits is going to make the US less dependent on foreign host countries that own the crude reserves.

Raising taxes on corporations is not the answer. An increase in taxation results in loss of more jobs and less capital investment in new technology. Clinton adheres to an ideology that is European Socialist by her own admission. The Federal Government must stay out of the free market system.

Why does Hillary own XOM shares? If she owned them they’d be preferred. BTW biache, the taxpayers are tired of paying for agents to pay rent in your compound. Who does she think she is? Ohhhh, I dunno how the financial world works. We only made adjusted after tax income of $100,000,000 dollars in the last five yrs. It took Bill at least 50 speeches to make that and most of it went to our non-taxable Clinton charity. Oh I am but a poor common blue collar worker who reels at the chance to make things right. Ohhhh, pity me in my poor clothes, and tatered tailored yellow one-off from Vera Wang.

Pete Kusnick
Eldersburg, MD

Yeah it’s so unfair the way some sophisticated investors can rule the financial industries in a global economy. Of course HillBilly only had adjusted income of 100 million in the last five yrs so how could she know anything about a profitmobile. That’s not including the money the US shells out for her security, and wait, for the rent we pay for the Tresury Agents to live in her mansion. I’ll bet and common sense tells me so, that Bill made triple that alone in the last year on deals like the one with Uzbekestan and the Canadian gold company. Oh Hillie is truly a personage of the populist notion, if that notion was the Sheriff of Nottingham.

If the oil price is not controlled by XOM, then how windfall tax would increase the gas price?

There is one BIG flaw in taxing tech companies like they do big oil. Companies like Apple are selling products that are not an everyday necessity. Believe it or not, we don’t need the gadgets. By buying these products, we can only blame ourselves for their profits (which, if you do a little research, is nowhere close to just Exxon/Mobile). On the flip side, big oil is selling a commodity that just happens to be used in just about everything with a motor in it. This is technically not a necessity, since we could just go back to riding bikes and horses, and cutting our lawns the old-fashioned way. However, we are not going to do this and the government and big oil know this. We can drive less, carpool more, ride a bike, but we are still going to run into situations where we need these things that use oil. We and the government (good luck with that one, I know) should strive to invest in new and alternative technologies. Why in the world are we still using a technology that is well over a hundred years old (the combustion engine). It has been during that time that these old industries have dug their claws into Washington and our pockets full of change. Stop and think, and you’ll realize that it is up to all of us to do our part and encourage a change for the better.

The 17 percent profit increase means that if gas if 4 dollars a gallon it would still be $3.32

The idea that Exxon Mobil is making windfall profits for the last eight years has sent a message to every working American blue collar worker.

The United States legal and Political systems have failed. There cant be justification of these high oil prices when the companies that are making the fuel can honestly say that the “futures” of oil buying abilities that have gone on for eight years hasn’t ran out.

Some one needs to step in and do a Enron type investigation and start chopping the hands off these lying, corrupt CEO’s and then lets see how fast oil prices drop.

You don’t make 10 Billion dollars in profit in three months with out ripping people off, only because you can and the Bush administration is in you back pocket.

Does Hillary own any Exxon stock? If not, why did she get so upset? From the rise we’ve seen in integrated oil companies recently, its not surprising to see a decline after the numbers come out…buy on rumor sell on fact.

In this country there are needs and wants. Needs are Food, Utilities, and Gasoline. All of which should be regulated by the government. Its sounds stupid but having wallstreet telling us ,by stocks going up and
up, that were ok is a bunch of bull. The majority of people always talk about gas prices and food prices. Tell me im wrong. When it is on the news damn near everyday, than it must be a problem all over america.
Dah, Big Red Truck. You cant see it? P.S. This is probably a good time for the government to step in.

Wow, David. Do you work for Exxon? Exxon is making record profits, there’s no shortage- and we’re still paying record gas prices. Don’t you see a problem with that? BTW- if you want to go online to find the least expensive gas prices in your area, you can do it.. everyone always talks about gas buddy but there are more sites out there, check out this linka; http://www.associatedcontent.com/article/638321/find_cheap_gas_prices_online_a_little.html?cat=3

What is wrong with Clinton and politicians? Do they actually believe what the say? Taxing the oil companies does nothing, but increase oil prices; why doesn’t Clinton compare the margins of XOM to that of a beloved tech company? She would find that the windfall going to tech. Also, tech companies like AAPL do nothing to help the world (except give rich people “gagdets”); meanwhile it is in the interest of XOM et al to invest heavily in developing new power sources (for when oil is gone). Also, XOM has a legal obligation under state law to do the best for shareholders…and XOM does not set oil prices!! They simply drill it and then sell it…speculators, and end users drive up the prices. At 120/bbl, XOM would be foolish not to drill the most oil it could. Why doesn’t Clinton open up AK for drilling? She is an idiot. I have a better idea: give every American shares in XOM, COP etc…let the dividends pay them back for the high prices of oil

Or….. We could all short the stock, vote DEM and THEN walk….all the way to the bank..laughing in between or all the way. Whatever you prefer.

XOM pays $2.69 in taxes for every dollar of profit? What is that, a 75% effective tax rate?

I think Apple should pay the same in taxes too!

What most people fail to understand is that we have numerous programs that other countries dont have . . we have the best military . . and the best homeland security. We need tax dollars to get those programs running. Also, you can blame the government all you want but who took out that home loan . . . who bought that large SUV . . who decided that driving 50 miles one way to work was feasible . . . NOT THE GOVT

Until government becomes as efficient as Businesses they should keep their mouths shut. When will The governments at all levels reduces taxes? All they know how to do is tax
tax and spend and leave no alternative to leave the country.

I’d love to ride my bike to town. The only problem is that our entire infrastructure has been built around cars, therefore there are very few places where a bicycle can be ridden safely. If I were to ride my bike around, I would eventually be killed by someone in a car or truck. The lack of progressive policy in this country will doom us all.

let us take a holiday from driving and walk or ride a bike for the summer