Yeti Menace

For those of you who don’t know Paul Krugman, you should. Krugman is an economics professor at Princeton and a popular pundit who has appeared on virtually every major news program around. He has been on my must read list for many years now and I look forward to his insightful columns in the New York Times like an eight year old boy on Christmas morning. Krugman has been a fierce critic of the disastrous economic policies of the Bush administration, and some of his recent columns rip them a new one.

This morning Krugman was awarded the 2008 Nobel Prize for Economics ”for his analysis of trade patterns and location of economic activity.” Congratulations, Paul, you are officially fucking brilliant.

Last week the worlds biggest oil company Exxon-Mobil announced its largest profitable quarter ever, yet again. Hey, I have no problem with profits, but not at the expense of the taxpayer. Let’s face it, big oil is getting tax breaks, tax credits and government subsidies and we are picking ip the tab while they screw us for record profits. Does anyone really beleive the price of gas is going to drop? Why would any corporation stop making such profits when they don’t have to, and still get backed up by the government the way they do.

Now, all of you remember those “economic stimulus” checks we got this year as a tax rebate. This morning Marketplace reported on a study that shows that money predominantly went to spending on staples - gas, food and energy. What a surprise.

So, big oil wins again. The govenment gave us our tax dollars back so we could give them to the oil companies.

Congress has to have the political backbone to end the corporate welfare offered to the oil industrial complex. Can Obama lead us there?