America's Mortgage Crisis in a Nutshell: Response to mccainisthrough

[mrgetrealpeople]

MRGET: According to data from the American Petroleum Institute,

Are you serious? American Petroleum Institute that's your source to get accurate unbiased information about oil companies. I sited my source Forbes on no corp taxes in the US.

[UTubekookdetector]

MRGET: I don't allow the "your sources are biased" argument. That's a refuge for those who are angry and don't want to do the legwork to prove someone wrong. Check the stats yourself and refute them if you can. You're just trying to take a shortcut. Sorry, but most oil companies are actually small and en masse, they provide a massive amount of tax revenue for gov't coffers. You're also confusing companies funneling profits through places like Ireland, rather than the US (35% top rate).

[bulldogs3159]

great vid. Fart is getting owned, and accordingly starting to pms.

[UTubekookdetector]

Thanks. Fart's mouth tends to write checks his intellect can't cash.

[fargenacle]

Buy a smaller house? Only an uncaring ass like you would say something so dumb. I have a nice home with a fixed rate mortgage that I can afford. Thanks to your Oil companys with their huge profits my oil bill has gone from 100 a month to 380 a month. Food is up and so is gas. I'm almost to the point that I can't afford my affordable home any more. Is that my fault? No I think it's Reagan Bush Clinton Bush And Cheney's fault. Corporatist bastards!

[UTubekookdetector]

FART: You made a plethora of errors son.

1) Food is up partially because of ethanol. Corn going into the gas tank if raising food prices and it's subsidized to boot.

2) Oil company profit margins (I've covered this too) are typically lower than most industries.

3) Glad you got a fixed rate mortgage, this lessens your chance of ending up "underwater."

4) Mexico was the only industrialized nation with lower gas prices in 2008.

[fargenacle]

You're so wrong. Food is up because of the cost of the fuel to harvest and haul it. Oil companys are posting higher profits than ever. Diesel is a byproduct of gasoline and yet since the 80's when people started driving diesel cars the price has been going up an is now higher than gas. And don't tell me it's because of the additives because that's bull. It's because the oil companys are gouging you at the pump. What are you a CEO that you love big business so much?

[UTubekookdetector]

Several errors again.

1) High gas prices were a worldwide phenom., only Mexico had lower prices and when you factor in GDP per capita, we were lower.

2) You fail to look at oil company profit margins (care to give us that stat) and compare them to other industries. Ever look at all the taxes they pay? Give us that stat too.

3) Gov't investigations into price-gouging have come up w/nothing.

4) I see you've discovered boutique fuel standards. That causes prices to rise every summer.

[fargenacle]

Worldwide phenom? Gas prices don't just happen, their controlled. Oil companys were posting their highest profits ever while the economy was going in the hopper. I guess you live an insulated life. You seem to have no clue as to what goes on in the real world only the world of stats and books. Stats can be twisted to say anything. The reality is that while america was going south the oil companys were making record profits. People died because oil prices got so high they couldn't pay for oil.

[UTubekookdetector]

FART: I have to say you're quite deranged. I see you couldn't tell me what the typical oil & gas leasing company profit margin was. Just repeating your parroted 'record profits" rag won't cut it.

Most of the word's oil is either under the control of OPEC and/or some conglomerate of state-controlled oil companies.

As I've explained countless times, we haven't built on oil refinery in over 30 yrs. and we've been steadily importing more since Carter.

[UTubekookdetector]

FART: In your next response, compare for us the profit margins for the following industries: Retail, Oil & gas leasing, Internet, Beverages & tobacco. Good luck, you will need it.

[fargenacle]

Kook: I don't follow your orders. Do your own research. While your at it, compare being  feeling human being with yourself.

[UTubekookdetector]

FART: We accept your concession. Read my article at freewebs . com/professor_enigma/bigoil . htm You might learn something.

[mrgetrealpeople]

@UTubekookdetector The taxes they pay , why don't you please tell what exxon-mobil paid in corporate income taxes last year. It's easy the left wing forbes magazine has it on their website.

[UTubekookdetector]

MRGET: According to data from the American Petroleum Institute, pre-tax income for the top 27 energy producing companies increased from $68.2 billion in 2001 to $219.9 billion in 2006. At the same time, current income taxes from these firms increased by 239 percent - from $24 billion in 2001 to $81.5 billion in 2006. The effective tax rate paid by these firms actually increased from 35% in 2001 to 37% in 2006.

[UTubekookdetector]

MRGET: Add in non-income taxes, and total current taxes increased from $30.8 billion to $89.7 billion. But it does not stop there. Oil and gas companies also collect assorted excise taxes, which tallied up to $48.1 billion in 2006... As noted in SBE Council's February 8 Energy & Entrepreneurs analysis titled ‘Little Oil,’ most businesses in the energy industry actually are small businesses.

[helloguyshowareyou]

Nothing, I'm SORRY

[helloguyshowareyou]

hwo IS this O'reilly?

[UTubekookdetector]

No offence, but was does that have to do with the information in the video?

[IncorruptibleTruth]

You have very good logic.

[chopngratty]

Logic, how refreshing !! THX !

[USPatriot3]

LOVE IT!!! As a former a banker, I can tell you that oil prices had little to do with "housing crisis". This guy should ask Jimmy Carter about the Community Reinvestment Act. He might actually get some insight into the real reason for the bursting of the "housing bubble".

[UTubekookdetector]

Thanks. We're preparing another response to his silly video and we'll go over the subprime lending scandal and Clinton's beefing-up of the Community Reinvestment Act.

I see it didn't take you long to figure out that mccainisthrough is a cut-and-paster.

[termin8ur4clinder]

Great Rebuttal! Thanks for the message. Yeah that guy is definitely a democrat and obama apologist. I asked him to answer some simple questions and he couldn't as I'm sure you noticed. His argument is definitely flawed with the crude oil. Especially how he correlates Bush's presidency with an increase in prices. That's like saying a decrease in pirates has increase current CO2 levels. A correlation doesn't necessarily mean causation.

[UTubekookdetector]

Thanks. That guy really is an idiot and did very little research into this issue. His referencing of several graphs that weren't adjusted for inflation was a big red flag. I'm not sure even his online friends know what he's talking about. He always changes the titles of his vids after I respond. There's more coming. Enjoy and please pass it on.