February 1, 2006

“Excess”

by @ 7:21 pm. Category:Civics/Ideas, Hot Off The Presses

Governor Kaine’s response to the President’s State of The Union address included the following:

Last summer, I joined Democrats in Washington and in other states in calling on oil companies to share in our sacrifice and return some of their record-breaking excess profits.

EXCESS? WTF? Record-breaking, sure. It’s been tossed about all over the media that oil companies have enjoyed record-breaking profits. And many people automatically assume that the oil companies are somehow evil or wrong. After all, it sounds like so much money! But wait: “excess?” Why does he decry them as “excess?” Hell, profits are, by definition, “excess” — excess to expenses. What amount does Governor Kaine consider acceptable? How much profit does he think is acceptable? Should all companies “return” some of their “excess profits?” How much? How much is “too much,” Governor? Damn. This kind of talk is rightly labeled socialism, communism, and a few other “-isms,” but it sure isn’t capitalism.

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3 Responses to ““Excess””

  1. Mike Says:

    YAY, I can’t wait for the workers revolution!!! Workers unite and rise up! Fight the capatialist pigs! Soon we shall join great countries like Cuba, North Korea, and Semi-communist China! Oh wait, don’t forget Vietnam!
    I’m pretty sure that’s it. Well, you all know who I’m voting for.
    www.cpusa.org All the information worth fighting for.

  2. CGHill Says:

    He’s blinded by the dollar amount. The humongous number of dollars earned by ExxonMobil works out to less than a 10-percent return. My house made more than that last year.

  3. Joe Goodwin Says:

    It’s an understandable response, even if it’s a bit of a knee-jerk. A man who just cancelled his family’s road trip because of fuel costs really isn’t in the mood to hear about the Shell CEO’s new boat.

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