Saturday, April 29, 2006

A profit is without honor in it's own land.

The Arianna Huffington: George Bush: Foreign Policy from God, Energy Policy from Big Oil

The winger excuses for Big Oil profits don't pass the most basic fact check, as Arianna gleefully shows.

But perhaps the simplest check is the "gut check" of common sense.

Sales minus cost of production equals profit. If the claims made by wingers were true, oil company profits would be stable, even with higher costs at the pump. Any "proof" to the contrary has to account for this, and it doesn't. It's pure bafflegab.

"Figures don't lie, but liars can sure figure."

And you can take THAT to the bank.

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