
Which news anchor is least likely to lie to viewers?
Let's Ask America
2012/09/10 23:00:00
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283 votes
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12% | |||
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848 votes
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37% | |||
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291 votes
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13% | |||
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871 votes
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38% | |||
Top Opinion
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FanOreilly 2012/09/21 18:22:06Bill O'Reilly





















Making you cry makes sence to me
I suppose Bill O'Reilly is a Patriot.
Brian Williams is o.k. but Jon Stewart? Yipes!
Rachel Maddow does above average research type stuff but for sure how in the world did Jon Stewart get so many votes - into laughter (at anyone's expense).
His humor is about mocking others. If people see him as a journalist and truth-teller no wonder this country is in trouble.
The rest are pundits, commentators/analysts or comedians.
But Stewart actually does more research in his jokes than the rest do when reporting news stories... in most cases. His job is to show the American people what's going on & put a sarcastic twist on it... just to get people to think a bit. He does make fun of people. He's a comedian. He never claims to be a reporter or journalist.
The saddest part is that his show is trusted by more people to not lie more often than those shows whose purpose it is to not lie. That really is the saddest bit of the whole deal.
If you've never seen it, you should watch it. His interviews are excellent (for example his interviews with Marco Rubio or Kofi Annan).
You actually make as many unfounded generalizations as Fox news does.
And as for the truth...
How would you know something that you have never seen?
Regarding the truth, I guess you are projecting, since it is you, not I, are a leftist, aka a person living in the world of delusions and forcing others to do the same.
As for the truth, just google "Fox news recent lies" and you will see a special place reserved for O'Reilly.
That about says it all!
But here you go, but I doubt that you have the guts to read the whole thing!
Bill O'Reilly's Right-Wing Buffoonery: A Brief Catalog
08/13/2012
In my five-minute interview with O'Reilly, he asked, "Can I have an example of 'right wing buffoonery' so I don't do it again?"
I didn't want to take his bait, because I did not want to waste my few minutes with O'Reilly talking about him. I wanted to talk about Pete Seeger and the other people in my new book, The 100 Greatest Americans of the 20th Century: A Social Justice Hall of Fame.
I relented once. I told O'Reilly that he had unfairly criticized Social Security. O'Reilly said, "When you said I criticized Social Security, I never have." He was lying. On his September 13, 2011, show, O'Reilly said that Social Security, "is not exactly a Ponzi scheme, but it's close."
O'Reilly insisted, "You can't give me an example of right-wing buffoonery on this program." He said, "You can't back it up and that makes look intellectually deficient." He accused me of "perpetuating propaganda."
Although I didn't want to spend my few minute...
As for the truth, just google "Fox news recent lies" and you will see a special place reserved for O'Reilly.
That about says it all!
But here you go, but I doubt that you have the guts to read the whole thing!
Bill O'Reilly's Right-Wing Buffoonery: A Brief Catalog
08/13/2012
In my five-minute interview with O'Reilly, he asked, "Can I have an example of 'right wing buffoonery' so I don't do it again?"
I didn't want to take his bait, because I did not want to waste my few minutes with O'Reilly talking about him. I wanted to talk about Pete Seeger and the other people in my new book, The 100 Greatest Americans of the 20th Century: A Social Justice Hall of Fame.
I relented once. I told O'Reilly that he had unfairly criticized Social Security. O'Reilly said, "When you said I criticized Social Security, I never have." He was lying. On his September 13, 2011, show, O'Reilly said that Social Security, "is not exactly a Ponzi scheme, but it's close."
O'Reilly insisted, "You can't give me an example of right-wing buffoonery on this program." He said, "You can't back it up and that makes look intellectually deficient." He accused me of "perpetuating propaganda."
Although I didn't want to spend my few minutes on The O'Reilly Factor reminding him of the many examples of his "right-wing buffoonery," I don't want his accusations that I "can't back it up" to go unanswered. So, in the spirit of being "fair and balanced," and with thanks to Media Matters for America, which regularly monitors The O'Reilly Factor, here are examples of O'Reilly's lies, distortions and right-wing buffoonery over the past eight years.
O'Reilly Has Frequently Pushed Falsehoods About The Environment:
• O'Reilly Described Renewable Energy As A "Phantom," Said "God Controls The Climate." [Fox News, The O'Reilly Factor, 4/7/11]
• O'Reilly Claimed That Environmental Movement "Absolutely Did" Contribute To The BP Oil Spill Disaster. [Fox News, The O'Reilly Factor, 6/10/10]
• O'Reilly Hosted AccuWeather.com's Bastardi To Claim That "The Globe Is Actually Cooling." [Fox News, The O'Reilly Factor, 9/9/09]
• O'Reilly: "Nobody Can Control The Climate But God, So Give A Little Extra At Mass Or Services" [4/6/11]
• How CBS Helped Bill O'Reilly Misinform His Audience About Clean Energy [1/18/12]
• O'Reilly Said Question Of Whether Humans Are Causing Global Warming Is "All Guesswork." [3/4/08]
O'Reilly Has Made Anti-Immigrant Statements
• O'Reilly Scapegoated Undocumented Immigrants And Public Employees For California's Budget Problems. [Fox News, The O'Reilly Factor, 11/18/11]
• O'Reilly Proposed "More Prisons" To Curtail Undocumented Immigration. [Fox News, The O'Reilly Factor, 11/16/11]
• O'Reilly Smeared La Raza As "A Pretty Radicalized Group" That Opposes "Any Kind Of Border Security." [Fox News, The O'Reilly Factor, 7/27/11]
• O'Reilly: "The Constitution Is Being Misused" By The Parents Of "Anchor Babies." [Fox News, The O'Reilly Factor, 1/6/11]
• O'Reilly Falsely Claimed That Undocumented Immigrants Don't Pay Taxes. [3/10/10]
• O'Reilly wondered whether children of Mexican immigrants in U.S. "have any kind of traditional value system" or are "setting up Acapulco North" [8/18/06]
O'Reilly Has A History Of Using Nazi Analogies To Demonize Opponents
• O'Reilly: Liberals Who Support Gun Control Are "Totalitarians" Like Hitler. [Fox News, The O'Reilly Factor, 3/2/10]
• O'Reilly: Huffington Post Uses "Same Exact Tactics That The Nazis Used." [Fox News, The O'Reilly Factor, 3/5/08]
• O'Reilly: "I Don't See Any Difference Between [Arianna] Huffington And The Nazis." [Fox News, The O'Reilly Factor, 2/27/08]
• O'Reilly: Daily Kos Is "Like The Nazi Party." [Fox News, The O'Reilly Factor, 7/16/07]
• O'Reilly Compared Tim Robbins' Comments To Those Of "Von Ribbentrop In The Nazi Hierarchy." [Fox News, The O'Reilly Factor, 12/13/07]
• O'Reilly Compared Michael Moore's "Power" To What "Happened In Nazi Germany." [Fox News, The O'Reilly Factor, 7/28/04]
O'Reilly Has A History Of Making Racially Charged Statements
• O'Reilly Dismissed Racist Chant As A "Sporting Arena Taunt." [3/24/12]
• O'Reilly Joked: How Will The Obama Administration Reach Out To African Americans? "Are They Going To Be On Soul Train?" [Fox News, The O'Reilly Factor, 12/6/11]
• O'Reilly Asked, "[S]hould White Americans Be Concerned About Judge Sotomayor?" [Fox News, The O'Reilly Factor, 7/13/09]
• O'Reilly, On His Now-Defunct Non-Fox Affiliated Radio Program, "Couldn't Get Over The Fact That There Was No Difference" Between Harlem Restaurant And Other New York City Restaurants. [Westwood One, The Radio Factor, 9/19/07]
• O'Reilly Said "White Americans Are Terrified" To Compliment Blacks Out Of Fear "They May Be Taken As Condescension." [Fox News, The O'Reilly Factor, 2/5/07]
• O'Reilly Opposed "Clustering" Of Mexicans. [Fox News, The O'Reilly Factor, 7/31/07]
O'Reilly Has A History Of Fearmongering About Muslims
• O'Reilly: "For Every Muslim In The World That Wants Democracy And Wants Human Rights, There's One Who Doesn't." [Fox News, The O'Reilly Factor, 5/19/11]
• O'Reilly Pressed Trump On Whether There Is A "Muslim Problem In The World." [Fox News, The O'Reilly Factor, 3/28/11]
• O'Reilly: "There Are No Democratic Countries At All" In The Muslim World. [Fox News, The O'Reilly Factor, 2/18/11]
• O'Reilly Insisted That Extremism Is "A Muslim Problem." [Fox News, The O'Reilly Factor, 10/25/10]
• O'Reilly Claimed "The Muslim Threat ... Is Real." [Fox News, The O'Reilly Factor, 10/25/10]
O'Reilly Repeatedly Demonized Abortion Provider Dr. George Tiller And Then Lied About It After Tiller Was Murdered
• O'Reilly Repeatedly Referred To Tiller As "The Baby Killer." [6/2/09]
• In 2006, O'Reilly Sent His Producer To "Confront" The "Doctor Known As Tiller The Baby Killer." [11/8/06]
• In 2007, O'Reilly Again Sent A Producer To Ambush The "Doctor Known As Tiller The Baby Killer." [Fox News, The O'Reilly Factor, 6/12/07]
• After Tiller Was Murdered, O'Reilly Repeatedly Falsely Claimed He Had Only Reported What Other Groups Called Tiller. [6/2/09]
• O'Reilly Subsequently Accused Joan Walsh Of Having "Blood On Her Hands" For Defending Tiller. [Fox News, The O'Reilly Factor, 6/12/09]
• In 2012, O'Reilly Was Still Claiming That "What Tiller Was Doing Was Murder." [Fox News, The O'Reilly Factor, 3/1/12]
O'Reilly Has Engaged In Anti-Gay Rhetoric
• O'Reilly Was Accused Of "Equating Gays" With "Terrorists." [6/3/10]
• O'Reilly Suggested That If Same-Sex Marriage Is Legalized, "Polygamy Is Then Going To Run Rampant." [Fox News, The O'Reilly Factor, 5/11/09]
• O'Reilly: Gay Marriage Could Lead To Goat, Duck, Dolphin, And Turtle Marriage. [Fox News, The O'Reilly Factor, 5/11/09]
• O'Reilly: "[T]housands" Of Gays In One Place "Can Be Confusing To Children." [Fox News, The O'Reilly Factor, 7/12/07]
More Examples of O'Reilly's Lies and Distortions
• O'Reilly falsely claimed Bush didn't oppose 9-11 Commission. O'Reilly defended President George W. Bush from a Kerry-Edwards '04 TV ad highlighting Bush's opposition to creation of the 9-11 Commission by denying that Bush had ever opposed the commission. In fact, Bush did oppose the creation of the 9-11 Commission. (10/21/04)
• O'Reilly falsely claimed Iraq had ricin. O'Reilly responded to a caller to his radio show by defending the Iraq war: "They did have ricin up there in the north -- so why are you discounting that so much?" In fact, the Duelfer report (the final report of the Iraqi Survey Group, led by Charles A. Duelfer, which conducted the search for weapons in Iraq following the U.S.-led invasion) indicates that Iraq did not have ricin. (10/19/04)
• O'Reilly repeated discredited claims on Iraq-Al Qaeda link. O'Reilly interrupted a former Clinton administration official who tried to correct the record on O'Reilly's claim that terrorist Abu Musab al-Zarqawi constitutes a direct link between Al Qaeda and Saddam Hussein's Iraq. He also allowed a conservative guest to repeat without challenge other discredited claims about Iraq's supposed involvement in terrorism -- claims O'Reilly has himself cited in the past. (9/27/04)
• O'Reilly fabricated "Paris Business Review" as source for success of French boycott. O'Reilly falsely claimed "they've lost billions of dollars in France according to 'The Paris Business Review'" due to an American boycott he advocated of French imports. Media Matters for America found no evidence of a publication named "The Paris Business Review." (4/27/04)
• O'Reilly cited phony stats to argue that taxes on rich are excessive. O'Reilly tried to "blow off" the argument that wealthy Americans ought to pay more taxes by citing phony statistics about the tax burden the rich currently bear. (6/30/04)
• O'Reilly confused on elementary economics. O'Reilly told a caller on his radio show, "We [the United States] have a trade deficit with everybody, because everybody wants our stuff, and we're not wild about snails" -- indicating that he doesn't know the definition of "trade deficit" and implying that the United States runs a trade surplus with France. In fact, in the first four months of 2004, the United States had a $3 billion trade deficit with France. (6/10/04)
• O'Reilly doctored quotation to suggest Soros wished his own father dead. During his smear campaign against progressive financier, philanthropist, and political activist George Soros, O'Reilly doctored a 1995 quotation by Soros to make it seem as if Soros wished his own father dead. (6/1/04)
• O'Reilly questioned if Kennedy would show up to Democratic convention ... as Kennedy spoke behind him. O'Reilly teased an upcoming segment of The O'Reilly Factor, broadcast live from the Democratic National Convention, by saying of convention speaker Senator Edward Kennedy: "When we come back, we'll let you listen to Ted Kennedy for a while, if he shows up." In fact, Kennedy had already shown up and had been speaking for several minutes, as O'Reilly need only have turned around to see. (7/27/04)
• O'Reilly disparaged Democrats with trifecta of voter falsehoods. In a discussion about what went wrong for Democrats in the November 2 election, O'Reilly claimed that Democrats "lost votes from four years ago"; that "18- to 24[-year-old]s didn't go" to the polls; and that "[c]ommitted Republicans didn't carry the day for the president; independents did." All three claims are false. (11/4/04)
• O'Reilly on the radio: Three lies, one broadcast. Lie No. 1: Bush tax cuts didn't create the budget deficit. Lie No. 2: "Socialistic" French, Germans, and Canadian governments tax at 80 percent. Lie No. 3: Canadian, British, and French media are "government-controlled," but Italian media is free. (7/7/04)
And the poll is not really accurate from any statistical angle because of the way that it is written, so that in itself is just like the O'Reillys of the world- shape the data to fit your agenda!
NO THANKS!
The conservative ideal has never worked for the majority of the people, and those in the media who perpetuate the myth are just a bunch of liars.
The right has more problems with "image", and trying to improve the images of their candidates than anyone else. This is because their candidates are just empty suits and they have to distort the real image to be that of something that resembles "main stream", and in this they are failing, but they are still trying to change the image all the time.
Obama has been known as Nothing, empty suit, Komsomol-style demagogue. The journalistic "industry" has been corrupt for decades and that would be stupid to look for ideal souls in the place dominated by immoral creatures aka leftists. I am not an O'Reilly fun, but he is angel to compare with garbage like Mathews or Olbermann for example. The reason is: "conservatives" are going to turn their backs towards a dishonest host, Contrary to that, the left have been notorious for their "moral relativism" that allowed them to justify execution of 12-year-olds for stealing literally several grains of wheat from the Mother-state. In this context, they obviously are OK with the crappy media as well with the lying fake “president”
BTW, why don't you genius repeat his great idea about flooding our roads with kamikaze "smart cars"?
"...Its long-term projection is that gasoline consumption will steadily decline by around 7 percent over the next 15 years."
"...Not only is the affluence that sustained this extravagant gasoline consumption eroding, but the automobile-centered lifestyle that was considered part of the American birthright is fading as well. U.S. gasoline use has dropped 5 percent in four years"
So, one result of one of Obama's policies is directly environmental and that does not make him an empty suit, but a president who cares about the country and EVERYone in it-not just those with the most money as the empty suits (because they have no ideals, nor do they care about the common man) named Romney and Ryan.
1. They wasted the taxpayers’ money. As we could observe, most of the road monsters we took from the buyers were virtually out of use – they were just occasionally driven if at all and were prepared to be sent to junk yards anyway, without depleting the federal coffers. Obviously, no substantial “gas economy” such a move could bring. They were old second, third or even fourth back up cars and trucks, getting rusty on the backyards and driveways. .
2. In addition, the idiotic government action painfully hurt people with moderate incomes
a) Those who used to buy pre-owned cars, especially cheap ones, faced the fact that the prices skyrocketed as a result of the clunkers destruction. Apparently, the ignorant freeloader Obama never learned that if you cut supply, that drives prices up.
b) Similarly, many spare parts from junk yards also got more expensive.
c) Charities also received fewer donated cars
Thus, money was wasted, poor car buyers lost their money on purchasing pre-owned cars and the nation gained nothing but the dysfunctional Obama’s PR campaign.
You do the math on that one and then we will really know if you were "in the business".
Another reason, people with lower income, especially retirees (they more often have outdated large cars) cannot afford enough gas Obama purposely (for the sake of his Islamist friends?) makes more expensive.
And that the price of gasoline is set by the world price of oil and Obama, Romney, or who ever is in charge has absolutely nothing to do with the price.
Your answer, as usual, does not add up!
The oil price well, I seem to overvalue your cognitive abilities, sorry.
The oil price consists of cost of production, profits and risks. The risk premium is huge, keeping in mind that the cost of production in Arabia is not more than $5-7 per barrel, and even in Russia it is about $20-30. That is why for the exporters, the conflicts in the Middle East are merely tools in order to sustain higher oil prices. In such a situation, the mere Obama’s stubbornness with regard to developing new fields is crucial to driving the prices up. All importing countries are hostages to the exporters, but EVERY new well exploration (even if those wells got conserved) is a downward factor. Well, even a statement about the intention to drill would be good for the world economy and wise versa. Same with the other mineral fuels, including coal. Do you understand now that Obama is a key figure in strangling the importers and consequently the world economy? In addition, Canada cannot ignore the OPEC moves – it is not a charitable business.
Speaking of “more than OPEC” – you are wrong here as well. OPEC is exporting more than 4 million of crude oil per day vs. the Canada’s 2.3 million.
http://www.eia.gov/pub/oil_ga...
Looks like you a...
The oil price well, I seem to overvalue your cognitive abilities, sorry.
The oil price consists of cost of production, profits and risks. The risk premium is huge, keeping in mind that the cost of production in Arabia is not more than $5-7 per barrel, and even in Russia it is about $20-30. That is why for the exporters, the conflicts in the Middle East are merely tools in order to sustain higher oil prices. In such a situation, the mere Obama’s stubbornness with regard to developing new fields is crucial to driving the prices up. All importing countries are hostages to the exporters, but EVERY new well exploration (even if those wells got conserved) is a downward factor. Well, even a statement about the intention to drill would be good for the world economy and wise versa. Same with the other mineral fuels, including coal. Do you understand now that Obama is a key figure in strangling the importers and consequently the world economy? In addition, Canada cannot ignore the OPEC moves – it is not a charitable business.
Speaking of “more than OPEC” – you are wrong here as well. OPEC is exporting more than 4 million of crude oil per day vs. the Canada’s 2.3 million.
http://www.eia.gov/pub/oil_ga...
Looks like you are confusing Arabia with OPEC, or most likely your sources do. Well, leftism and confusion are always together.
cosnsits of cost of production,
Right now the the price off crude is lower than it was in 2008 when Bush was President, and of course that was NOT his fault, or so say the conservatives. But now that is almost as high it is Obama's fault- some crazy logic on that one.
"...The Drill, Drill, Drill Argument. The U.S. can drill all it wants but it's hard to find anybody who expects greater domestic production to move gas prices by more than, say, two percentage points. The problem is that the market for oil IS GLOBAL and U.S. supply is too small to make an impact."
But Forbes magizine has a different take on the cost of speculation that drives the selling price (not the cost to produce) of a barrel of crude. The cost to produce has little effect on the price, just the overall profits.
Robert Lenzner, Forbes Staff
Speculation In Crude Oil Adds $23.39 To The Price Per Barrel
If there were no speculation in oil futures on commodities exchange, the price of a barrel of oil might be as low as $74.61– not more than the present price of $108.00 a barrel.
But, there is plenty of speculation as the possibility of strife in Iran, one of the globe’s largest crude oil producers, pushes up the price of oil futures, which in turn impact the price of buying crude oil in the open market. As of ...
Right now the the price off crude is lower than it was in 2008 when Bush was President, and of course that was NOT his fault, or so say the conservatives. But now that is almost as high it is Obama's fault- some crazy logic on that one.
"...The Drill, Drill, Drill Argument. The U.S. can drill all it wants but it's hard to find anybody who expects greater domestic production to move gas prices by more than, say, two percentage points. The problem is that the market for oil IS GLOBAL and U.S. supply is too small to make an impact."
But Forbes magizine has a different take on the cost of speculation that drives the selling price (not the cost to produce) of a barrel of crude. The cost to produce has little effect on the price, just the overall profits.
Robert Lenzner, Forbes Staff
Speculation In Crude Oil Adds $23.39 To The Price Per Barrel
If there were no speculation in oil futures on commodities exchange, the price of a barrel of oil might be as low as $74.61– not more than the present price of $108.00 a barrel.
But, there is plenty of speculation as the possibility of strife in Iran, one of the globe’s largest crude oil producers, pushes up the price of oil futures, which in turn impact the price of buying crude oil in the open market. As of February 23, 2012 “managed money” held positions in NYMEX crude oil contracts equivalent to 233.9 million barrels of oil– the equivalent of about one year’s crude oil supply from Iran to Western European nations like France, Belgium, Greece, Italy and Spain.
In turn oil analysts believe that every $10 rise in the price of crude oil translates into a 24 cent rise in the price of gasoline at the pump. Using the 24 cent rise in the price of gasoline suggests that each dollar increase in a barrel of oil equals about $.56 per barrel.
So, if a barrel of crude oil is $23.39 higher because of speculative action in the commodity markets– this translates out into a premium for gasoline at the pump of $.56 a gallon. Since gasoline in the northeast is about $4.05 a gallon, this suggests that without any speculation, the cost of a gallon would be only $3.49, a lot more favorable outcome.
During the summer of 2008 when crude oil per barrel rose to $145 a barrel, the peak cost of a gallon of gasoline was at least $4.11.
“U.S. supply is too small to make an impact." ------ that doesn’t matter. If the Islamo-Nazis dominated OPEC decides to holt the production, the US economy could collapse. That is why if we have some reserved capacities, consecrated but ready to be used, that influences the attitude of the market participants dramatically.
“The cost to produce has little effect on the price, just the overall profits.” ------ only if the number of sources is artificially limited- what Obama is doing fro his Muslim protégés
Any sales are purported speculations, would you expect people to lose profits? But let me remind you: back in the 90s, the price of the barrel was below $20. That was the time of “young reformers” in Russia and love to the US all over the world, until Clinton committed terrible blunders in foreign policies. The reformers were replaced by hard core former KGB officers, with close ties to Islamo-Nazi dictators. Conflicts in the ME got instigated, prices went up. $20 was price with good p...
“U.S. supply is too small to make an impact." ------ that doesn’t matter. If the Islamo-Nazis dominated OPEC decides to holt the production, the US economy could collapse. That is why if we have some reserved capacities, consecrated but ready to be used, that influences the attitude of the market participants dramatically.
“The cost to produce has little effect on the price, just the overall profits.” ------ only if the number of sources is artificially limited- what Obama is doing fro his Muslim protégés
Any sales are purported speculations, would you expect people to lose profits? But let me remind you: back in the 90s, the price of the barrel was below $20. That was the time of “young reformers” in Russia and love to the US all over the world, until Clinton committed terrible blunders in foreign policies. The reformers were replaced by hard core former KGB officers, with close ties to Islamo-Nazi dictators. Conflicts in the ME got instigated, prices went up. $20 was price with good profit. The risk premium jumped up to $100 – that is far more than an alleged (most likely overvalued) speculation premium.
“that each dollar increase in a barrel of oil equals about $.56 per barrel” something is wrong in that sentence.
BTW, if you could think, you’d have recognized that I didn’t even touch profitability of American oil companies. I merely told you that the conflicts help exporters (Obama's proteges) to get SUPER profits. And if you understood basics, you’d know what “profit margin” is. Unlike exporters, both importers and consumers lose. Apparently, it is too difficult for you to grasp – as well as for your ignorant and evil-spirited “president”.
If what you say was the case, then Bush and his cronies would not have made what they did during his administration.
But why are great profits of the oil companies good for America? Yes, I said GOOD for America-
"Do You Own an Oil Company?"
"In a 2011 update on a study of oil and natural gas company ownership, the Sonecon consulting firm found that nearly 50 percent of all corporate shares are held by public and private pension and retirement funds, including 401(k)s, and IRAs. Individual investors own 20 percent, while financial institutions and asset management companies own 27 percent. That's 97 percent. Less than 3 percent is owned by corporate executives and board members.
A closer look at the data reveals even more surprises about oil company ownership:
* Nearly 21 percent of oil and natural gas shares are in mutual funds, held by 52.3 million American households with a median annual income of $80,000 in 2011.
* Nearly 18 percent of industry shares are held through IRAs, with 48.6 million households owning one or more IRAs. Of those IRA holders, 80 percent had annual incomes of $70,000 or less in 2010.
* More than 31 ...
If what you say was the case, then Bush and his cronies would not have made what they did during his administration.
But why are great profits of the oil companies good for America? Yes, I said GOOD for America-
"Do You Own an Oil Company?"
"In a 2011 update on a study of oil and natural gas company ownership, the Sonecon consulting firm found that nearly 50 percent of all corporate shares are held by public and private pension and retirement funds, including 401(k)s, and IRAs. Individual investors own 20 percent, while financial institutions and asset management companies own 27 percent. That's 97 percent. Less than 3 percent is owned by corporate executives and board members.
A closer look at the data reveals even more surprises about oil company ownership:
* Nearly 21 percent of oil and natural gas shares are in mutual funds, held by 52.3 million American households with a median annual income of $80,000 in 2011.
* Nearly 18 percent of industry shares are held through IRAs, with 48.6 million households owning one or more IRAs. Of those IRA holders, 80 percent had annual incomes of $70,000 or less in 2010.
* More than 31 percent of industry shares are owned by public or private pension plans, including 401(k)s (not including IRAs). The funds manage assets for more than 60 million households, with an average account value of less than $55,000. You can learn more about oil and natural gas earnings and pensions here.
These numbers make it clear that healthy oil and natural gas industry earnings are a benefit to millions of Americans’ retirement security. And that’s not the only way in which strong earnings benefit Americans. The oil and natural gas industry contributes billions of dollars to the U.S. economy through federal and state revenues, jobs and capital projects.
This is all done while ensuring a reliable supply of energy for United States’ consumers and businesses, and enhancing our nation’s energy security. In fact, the oil and natural gas industry’s impact on the U.S. economy is significant, supporting nearly 9.2 million American jobs and 7.7 percent of all U.S. GDP, and delivering more than $86 million a day to the federal treasury."
"America stands as a net oil exporter" -------- ha-ha-ha, what a crap! With near 70% of oil imported? Now I see why you are trusting Obama
And stop ridiculously following the ignoramus Obama's nonsense. $100 profit with $ 500 revenue - is very good.
100 out of $10000 is not. Neither you nor your Mr. Zero seem to not understand that