12-2-08 by dugan
With U.S. automakers headed to Washington for a do-over of their disastrously inept begging trip, OilWatchdog reader Ray Bock of Arroyo Grande, Calif., offers a suggestion that’s been in the air: Let Big Oil bail out the Big Three:
Bock wrote:
How about letting the big oil companies bail out GM, Ford, and Chrysler?
Didn’t Exxon earn about $40 billion last year and will likely top that figure this year? It seems the Big 3 auto companies–with their gas-guzzling SUVs–contributed mightily to Big Oil’s exorbitant profits. Shouldn’t the car companies get a payoff?
(The little oil companies probably made a few bucks, too. They should be able to pass the hat and come up with a measly $25 billion.)
Why don’t the oil companies get patriotic and compassionate and all chip in? Make it tax deductible.
Us taxpayers have already been plundered at the pump!
Tue, Dec 2, 2008 at 12:29 pm