Check out this quote from Senator Rand Paul (Weirdo, Ky) during Senate debate to end the corporate welfare tax largesse given by American taxpayers to the most profitable corporations in the history of the world. When it comes to big oil, Rand Paul doesn’t just think they deserve their tax breaks, but we should be looking for other ways to make them even richer!
Instead of punishing them, you should want to encourage them. I would think you would want to say to the oil companies, “What obstacles are there to you making more money?” And hiring more people. Instead they say, “No, we must punish them. We must tax them more to make things fair.” This whole thing about fairness is so misguided and gotten out of hand.
Those poor beleaguered oil companies made $137 Billion dollars last year, while the rest of the world economy was struggling to pull out of recession. In the recorded history of corporate earnings the most 5 most profitable quarters are all by Exxon Mobile. The most profitable quarter ever in recorded history was the last quarter of 2008. Remember what else was happening in that quarter? The entire world economy was melting down while Exxon Mobile drained our wallets and pulled in over $45,000,000,000 (that’s $45 BILLION) of profit exactly when consumers could least afford it. All while paying a pittance of a tax rate because Republicans can be counted on to stand with big oil against the interests of the American taxpayer.
Yet Rand Paul thinks we should looking to remove the obstacles that keeps big oil from making more money. I mean what freaking obstacles are stopping the richest corporations in the world from getting richer?
Paul would make a fine writer for The Onion with lines like that, and that is what earns him this weekend’s onionism.