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Friday, October 31, 2008

Repugican ticket has economic priorities 'upside down'

Senator Joe Biden said Thursday(October 30, 2008) that the repugican ticket has its economic priorities "upside down," pointing to news of a shrinking GDP and record quarterly profits for Exxon Mobil Corp.

"Here the entire economy of America is shrinking, and the oil companies ... one, in fact, made the largest profit in its history in a quarter," Biden said at a rally in Arnold, Missouri.

"Ladies and gentlemen, what more evidence do we need that the Exxon Mobils of the world don't need a tax break?" he asked, speaking to supporters in a half-empty high school gym. "That $4 billion should go to middle class taxpayers, people who need the money. John [McCain] and governor [Sarah] Palin have this upside down. They literally have it upside down."

Exxon Mobil set a quarterly profit record for a U.S. company Thursday, saying its third-quarter net profit was $14.83 billion.

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That feeling you are feeling folks is the urge to toss you cookies and the pain from the hosing you have been getting for the last eight years at the obscenity that is the unholy union of repugicans and big corporations.

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