Wednesday, June 06, 2007

Good Question with Good Answer

Writing at Townhall.com, John Stossel titles a piece Why Is Profit a Dirty Word?

From the piece.

When did profit become a dirty word?”

I wish the oil executives would face the media. They could say something like:

“What are you complaining about? What do you think we do with our profits? Buy fancy cars and homes? Well, we do, actually, but nearly all the money goes to looking for more oil and following environmental rules that you want us to follow. You should want us to make more profit. Anyway, we make less profit per gallon than your beloved government takes in taxes.”

But Big Oil never shouts back at the reporters. I guess I can’t blame them, given the hostility of the economically ignorant media.

The “economically ignorant media.” Good answer, and I might add that the economically ignorant media passes their ignorance on, in buckets full, to the economically ignorant public.

Posted by John Venlet on 06/06 at 12:27 PM
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