Thursday, March 5, 2009

Big Oil Didn't Require a Bailout

The thing I love about the left is that the hypocrisy inevitably catches up with them.

No doubt they are livid (as am I) over the bailouts the finance, insurance and auto industries are receiving. Ergo, by default this means leftists do not like it when corporations are run so poorly that they lose money and therefore require a taxpayer bailout. By default then, they would prefer companies that make enough money so as not to parasite off the taxpayer. Companies like, oh, I don't know, the big oil firms maybe perhaps?



You see, Big Oil is coming out looking stellar doing what corporations are supposed to do; run a profitable operation. Not one penny in bailout money has been given to big oil, because, well they have their heads out of their asses. And unlike pretty much every other industry with a cup in their hand begging the taxpayer for money, good ole big oil has more or less stayed away from parasiting off the taxpayer.

Of course, if we were to be logical and INTELLECTUALLY HONEST about it, the left would love Big Oil. But of course they don't because they MAKE MONEY.

Thus, what is big oil to do?

If they make a profit they're evil. If they lose money and get a bail out, they're evil. Perhaps they should just aim to break even and that would make the left happy?

You know what I think? I think big oil should just move their corporate headquarters overseas as their operations truly are global and not deal with the left anymore. They could HQ in a tax haven, and instead of pay 40% taxes (not to mention deal with incessant bitching and whining) pay 0% and actually boost the value of the stock and the value of millions of peoples' 401ks...of course they could stick around like Bacardi did back in Cuba....and realize they should have moved to Bermuda a long time ago.

But then what do I know? I'm just a dumb video game playing economist.

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