Hillary Clinton, Democrat presidential wanna-be, let slip her socialist darkside recently at the winter meeting of the Democrat National Committee. She said, “The oil companies reported the highest profits in the history of the world. I want to take those profits, and I want to put them in an alternative energy fund.”
She was ranting about ExxonMobil’s $39.5 billion 2006 profit report. While this is a staggering number, what she conveniently omits is the context. ExxonMobil’s profits come on sales of $377.5 billion, making the profit margin just a shade over 10%. This is a fair-to-middling return and well below other industries such as banking and bio-tech.
Take those profits? Isn’t that confiscation of private property?; shareholder’s property?; ordinary American’s property? This is not her (government’s) money to take. This is another example of just how liberals consider other people’s money their own and demonize any successful person or business that actually produces a product or service that people want and need. They believe that government should control and provide everything.
Author P.J. O’Rourke described Hillary perfectly: “She’s Hugo Chavez in a pants suit.”
