Raster
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Wed Aug-17-05 12:26 PM
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aren't there laws against war profiteering and price gouging during war? |
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The right wing oh so often reminds us we are at war and we all must sacrifice... the oil comnpanies are making OBSCENE, RECORD PROFITS on a monthly basis. Each month brings yet higher totals for exxon. Is this not price gouging in time of war? Is this not war profiteering? Why is this tolerated?
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louis-t
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Wed Aug-17-05 12:32 PM
Response to Original message |
1. Raster, my naive little friend |
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this administration and the oil companies and the military suppliers are completely intertwined. They don't punish thier own for corruption, they revel in it.
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Raster
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Wed Aug-17-05 12:59 PM
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6. Indeed. My post was more rhetorical than literal. The point remains: |
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The United States is in a war-like state, gasoline is at record highs across the country and the petroluem/industrial complex is raking in record profits on a monthly basis. The disconnect is astounding.
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louis-t
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Wed Aug-17-05 03:31 PM
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9. This is how we are paid back for *s huge tax breaks |
bluethruandthru
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Wed Aug-17-05 12:34 PM
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Driving by the local Shell station yesterday I noticed that premium gas was going for $3.03 per gallon! I took notice since it was the first time I've ever seen gas at $3.00. Well, just a few minutes ago I drove by the same station and today their premium gas is $3.13 per gallon! What's the justification for raising prices .10 in a 24 hour period? I still haven't heard the reason why gas is skyrocketing?
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bearfan454
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Wed Aug-17-05 12:59 PM
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7. Greed is why. Plain and simple. Greed. n/t |
ellenfl
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Wed Aug-17-05 12:37 PM
Response to Original message |
3. if there was a law against profiteering, you can be |
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sure that dubya changed it . . . probably by executive fiat.
ellen fl
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electron_blue
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Wed Aug-17-05 12:38 PM
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4. It's unethical, but I don't know if it's illegal |
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Does anybody know what laws would be involved?
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shraby
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Wed Aug-17-05 12:39 PM
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5. War profiteering is illegal, but I don't know |
punpirate
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Wed Aug-17-05 01:00 PM
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... I'm afraid. Those laws were in place during WWII at Roosevelt's insistence (actually, it was a punitive tax of 80% on what was considered war profiteering--the actual formulae to determine profiteering were constantly being fiddled with because of special conditions). Truman continued them through the post-war period and into the Korean War, but they were quietly repealed during the Eisenhower administration when the military-industrial complex was forming. It was expected that the modern Pentagon's controls on procurement would eliminate war profiteering.
Most of the controls on oil pricing were eliminated in the `70s, and it's much more difficult now to establish price gouging at the national level (although there have been cases brought for price gouging at the local level; the last I remember was for price-fixing among local dealers somewhere in Indiana).
Cheers.
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DU
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Tue Apr 23rd 2024, 08:01 PM
Response to Original message |