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

This is a video response to http://www.youtube.com/watch?v=2PlzAIURH6o

UPDATE: "mccainisthrough" pulled this video and reloaded it here http://www.youtube.com/watch?v=maWr_ZEaR5g

I think this user uses the word "nutshell" because that's code language for: "This isn't very detailed or specific, has a lot of holes in it, but it will sound really cool if your IQ is around 28."

In the first part of our video response we take this user behind the woodshed for his erroneous and simplified comments on crude oil prices. It leaves a lot out of its "assessment."

Democrats are responsible for high oil and energy prices http://www.freewebs.com/professor_enigma/bigoil.htm

Ethanol is a joke and is responsible for higher food prices http://www.freewebs.com/professor_enigma/globalwarming4.htm

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[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.

[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.

[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.

[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]

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

[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: 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.