Hearing on Oil Profits and Subsidies: Inslee's Questions

obviously you know nothing about how the goverment functions, that the congress sets the Majority of Economic policy. not to mention that the actions of the CONGRESS as the representative of the PEOPLE reflect the attitude and the direction of the country since Democratic control of congress all the democrats have done is SCARE markets which scare away investors which shakes confidence which weakens our currency. Reade a book man cmon.

Come on yourself: You Republicans HAD control of both houses of Congress for the first four years of the Bush Fiasco. I guess oil-company greed and lack of patriotism are concepts alien to the Republican ideology. Patriotism for you means sending the poor and uneducated to pointless wars to be killed and maimed; Oil companies have no patriotic duty to lower prices and make a tiny sacrifice of their own for the public weal. What hypocrisy!

ok... smart guy they if they start selling oil at a loss what happens to th e value of thier stock? I'll tell you what happens it falls, and millions of 401k's pension funds, retierment funds IRA,s Trusts, banking, Goes down the tube and when that happens people stop spending money and lose confidence, then people lose thier jobs! It's not Righteous to opperate at a loss, Oil companies make 4% on every dollar invested that's 4 cents on every dollar. how is that excessive?

"goes down the tube, eh?" In what anti-universe, pray tell, dwellest thou? Haven't you read about the record mega-profits the oil companies have been making? They don't have to sell at a loss, just reduce their obscene profit margins for the good of the nation!(They are nowhere near to operating at loss.) Do you consider oil companies exempt from the call of patriotic duty and sacrifice? Market speculators are also behind this crisis. The people of the world are gettng thoroughly fed up.

How is 4 cent on the dollar obscene? and those profits don't belong to the oil companies they belong to the investors. Are you blind to the way the economy works? Did you take one finance or econ class? This witch hunt has nothing to do with oil profits it has everything to do with the fact that people are upset and because they are upset they want to punish someone. News papers make 25% profit, Semiconductors make 15% profit why aren't we punishing those obscene profits?

So you think the financial crisis isn't due to a housing bubble, overleveraged consumers and the deregulation of the banking industry? No, of course not, it was all  a problem of consumer confidence stemming from the fact that democrats took office. Don't think you hot shit because you took principles of micro and macro; you obviously don't know shit.

what a timely response And I Agree with you completely you're not even arguing against anything I said. The dollar has lost half it's value becasue of the governments over borrowing and spending M3 has doubled in the last 4 years GDP has not do the math.

I don't spend every day on youtube, so excuse the tardy replies. You should look a little further into externalities rather than currencies; you might have a more well rounded picture.