Joe Blames Corporate Greed for His Inflation

[Weatherman2020]

Joe: “Why don’t you tell them what Exxon’s profits were this year? This quarter? Exxon made more money than God this year,” he said in remarks at the Port of Los Angeles. “Exxon, start investing. Start paying your taxes.”

Exxon profit margin: 5.48%

Pretty standard for any business.

Effective income tax paid: 32.8%

Nice chunk.

Now the million dollar question:
WHY WASNT THERE CORPORATE GREED THE PAST FOUR DECADES?

Joe ‘The Buck Stops with Me’ Biden always blames everyone and everything except the one who’s to blame: Joe Biden the Liar.

ExxonMobil announces first-quarter 2022 results

IRVING, Texas – April 29, 2022 – Exxon Mobil Corporation today announced estimated first-quarter 2022 earnings of $5.5 billion, or $1.28 per share assuming dilution. First-quarter results included an unfavorable identified item of $3.4 billion associated with our planned exit from Russia...

corporate.exxonmobil.com

 

[HandleTheTruth]

Joe: “Why don’t you tell them what Exxon’s profits were this year? This quarter? Exxon made more money than God this year,” he said in remarks at the Port of Los Angeles. “Exxon, start investing. Start paying your taxes.”

Exxon profit margin: 5.48%

Pretty standard for any business.

Effective income tax paid: 32.8%

Nice chunk.

Now the million dollar question:
WHY WASNT THERE CORPORATE GREED THE PAST FOUR DECADES?

Joe ‘The Buck Stops with Me’ Biden always blames everyone and everything except the one who’s to blame: Joe Biden.

ExxonMobil announces first-quarter 2022 results

IRVING, Texas – April 29, 2022 – Exxon Mobil Corporation today announced estimated first-quarter 2022 earnings of $5.5 billion, or $1.28 per share assuming dilution. First-quarter results included an unfavorable identified item of $3.4 billion associated with our planned exit from Russia...

corporate.exxonmobil.com

Yeah 300% raise in oil companies profits.

Guess how much gas prices went up.

Mmmmm...,.. how convenient.

 

[Weatherman2020]

Yeah 300% raise in oil companies profits.

Guess how much gas prices went up.

Mmmmm...,.. how convenient.

Liar. ExxonMobil did a bit better on net profit margin this quarter at 6%, compared to 2021Q1’s 4.6%, but both are generally in the range of the oil industry’s normally narrow profit-margin average of about 5%.

Now why is suddenly every company in America greedy after 40 years?

 

[HandleTheTruth]

Well kinda interesting that profits are up by the same amount the oil prices are up.


Hmmmm.


And what government agency sets oil prices.

 

[HandleTheTruth]

Look at corporate earnings. They match price hikes.

You can't ignore that.

 

[Weatherman2020]

Well kinda interesting that profits are up by the same amount the oil prices are up.


Hmmmm.


And what government agency sets oil prices.

Profits for Exxon are up 30% from a year ago when everything was shutdown.

Joe printing up $1.900,000,000,000 and dumping it into the economy had no impact upon inflation!

 

[Weatherman2020]

Look at corporate earnings. They match price hikes.

You can't ignore that.

Dumbass thinks gas is up 30%

 

[HandleTheTruth]

Dumbass thinks gas is up 30%

I said 300% just like the profits.

 

[HandleTheTruth]

No it's just interesting that prices are up by the same amount as profits.

Can you explain that for us all.

Why are they exactly the same

 

[Weatherman2020]

I said 300% just like the profits.

500,000% profits!

Funny how I provide documentation and you pull crap lies out of your ass.

 

[Weatherman2020]

No it's just interesting that prices are up by the same amount as profits.

Can you explain that for us all.

Why are they exactly the same

Link or lie.
All publicly traded so all release financial statements.
Ball is in your court.

 

[HandleTheTruth]

Link or lie.
All publicly traded so all release financial statements.
Ball is in your court.

Here you go doofus.

The top five oil companies alone—Shell, ExxonMobil, BP, Chevron, and ConocoPhillips—brought in more than 300 percent more in profits than in the first quarter of 2021. That is a total of more than $35 billion in profits in just three months.May 17, 2022

Home › ...

These Top 5 Oil Companies Just Raked In $35 Billion While Americans Pay More at ...​

 

[HandleTheTruth]

Now here is the meat packing plant profits up 50%.

The analysis by the White House economic advisors said meatpacker profit margins have skyrocketed since the pandemic. “Gross margins are up 50% and net margins are up over 300%. Deese wrote.Dec 12, 2021

https://www.agweb.com › news › beef

White House Calls Out Meat Packer Profits | AgWeb​

 

[Smokin' OP]

Retards are blaming Biden for high fuel prices.

The US government controls a whopping 10% of ALL oil production in the US.

Of that 10% only 40% is being drilled on.

So, by all means blame Biden for the oil price he effectively controls 5% of?

That's Trump U. "logic" for you.

 

[Weatherman2020]

Here you go doofus.

The top five oil companies alone—Shell, ExxonMobil, BP, Chevron, and ConocoPhillips—brought in more than 300 percent more in profits than in the first quarter of 2021. That is a total of more than $35 billion in profits in just three months.May 17, 2022
View attachment 656898
Home › ...

These Top 5 Oil Companies Just Raked In $35 Billion While Americans Pay More at ...​

Hilarious. Shitforbrains thinks a 5.3% profit is 300%.

Groceries +11.9% y/y -->Biggest inc. since 1979
Chicken +17.4% ->Largest ever
Restaurants +9% -> Largest ever
Fuel oil +107% ->Largest ever
Electricity +12% ->Largest since '06
Rent +5.2% ->Largest since 1987
Airfare +37.8% ->Largest since 1980
Services +5.7% ->Largest since 1990

LETS GO BRANDON!!

 

[Weatherman2020]

Retards are blaming Biden for high fuel prices.

The US government controls a whopping 10% of ALL oil production in the US.

Of that 10% only 40% is being drilled on.

So, by all means blame Biden for the oil price he effectively controls 5% of?

That's Trump U. "logic" for you.

Tell Brandon to end his sanctions on US oil.

Groceries +11.9% y/y -->Biggest inc. since 1979
Chicken +17.4% ->Largest ever
Restaurants +9% -> Largest ever
Fuel oil +107% ->Largest ever
Electricity +12% ->Largest since '06
Rent +5.2% ->Largest since 1987
Airfare +37.8% ->Largest since 1980
Services +5.7% ->Largest since 1990

LETS GO BRANDON!!

 

[Weatherman2020]

Well kinda interesting that profits are up by the same amount the oil prices are up.


Hmmmm.


And what government agency sets oil prices.

 

[Weatherman2020]

Retards are blaming Biden for high fuel prices.

The US government controls a whopping 10% of ALL oil production in the US.

Of that 10% only 40% is being drilled on.

So, by all means blame Biden for the oil price he effectively controls 5% of?

That's Trump U. "logic" for you.

25 Biden policies raising gas prices and other energy costs - Americans for Prosperity

These twenty-five Biden administration policies are affecting gas prices, home heating costs, and other energy-related burdens families face. Read more.

americansforprosperity.org

 

[Smokin' OP]

Tell Brandon to end his sanctions on US oil.

Groceries +11.9% y/y -->Biggest inc. since 1979
Chicken +17.4% ->Largest ever
Restaurants +9% -> Largest ever
Fuel oil +107% ->Largest ever
Electricity +12% ->Largest since '06
Rent +5.2% ->Largest since 1987
Airfare +37.8% ->Largest since 1980
Services +5.7% ->Largest since 1990

LETS GO BRANDON!!

IF Biden actually had sanctions on the massive 10%. of the oil the US government has control over, it wouldn't raise the price of fuel 10 cents.

Oil company greed is doing that every week.

So, you want Biden to nationalize and put price controls on all those industries/goods you listed?

Since Biden is causing inflation throughout the entire world, Biden could put price controls on their products and services too.

 

[HandleTheTruth]

IF Biden actually had sanctions on the massive 10%. of the oil the US government has control over, it wouldn't raise the price of fuel 10 cents.

Oil company greed is doing that every week.

So, you want Biden to nationalize and put price controls on all those industries/goods you listed?

Since Biden is causing inflation throughout the entire world, Biden could put price controls on their products and services too.

6,000 acres they can produce on right now. If they get to it. I know making record profits is kinda better.