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Posted: 1:00 a.m. Wednesday, April 2, 2008
By Neal Boortz
| Today's Nuze: April 02, 2008 | |||
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| Wednesday, April 2, 2008
We touched on this yesterday, and I'm told that we've received a mess-o-emails asking me to put something about it on the Nuze today. Ok .. so here we go with the abbreviated version of Hillary's shenanigans when she was working for the House Judiciary Committee during the Nixon impeachment mess. If you want the full story click here to read the column by Dan Calabrese.
Zeifman told Dan Calabrese that if Hillary had actually submitted the brief she most likely would have been disbarred. We're trying to arrange for Jerry Zeifman to be a guest on the show today. So .. all you Hillary fans out there. Here we have your hero once again hiding documents that could be damaging to her cause (Rose Law Firm billing records, Vince Foster's files) and then committing an unethical act in preparing a brief on a point of law she knew to be false. And you want this lady to be our president? Oh ... and why haven't we heard about this before? It seems to me that the media would be interested in this level of dishonesty and unethical behavior by Hillary Clinton.
So there we were yesterday ... listening to these politicians, many of whom have never been responsible for delivering a profit in their entire lives, telling the oil companies what they should and should not do (translate into what they can and cannot do) with the money that they earn. Now I blame those oil company executives too. They were submissive candy asses before that congressional inquisition yesterday. These politicians work for the stockholders and employees of these oil companies ... not the other way around. A little bit of spine in some of these highly-paid executives would have been a wonderful thing to watch yesterday. Instead --- they wimped out. The political hacks made a big deal about the huge profits these oil companies made over the past few years. All of this posturing was a sham .. and the politicians knew it. They also knew that most of the people would watch them deliver their big oil smack down on TV wouldn't know a profit from a profit margin if their next six-pack and their big screen TVs depended on it. So ... just a quick remedial course if you will. Let's say you sell widgets. It costs you 92 cents to make a widget, and you sell the widget for a dollar. You make eight cents on the sale of that widget. Your profit is eight cents - your profit margin is 8%. Now, let's say that your cost of business, comprised mostly of raw materials, goes up. Now it costs you $1.84 to make a widget. You respond by raising the price of your widgets by a dollar. They now cost $2.00 each. Subtract your cost of doing business ($1.84) from sales revenues for one widget ($2.00) and you have a profit of 16 cents. Wow! Your profit has doubled! But wait! What is your profit margin? How much is your company making for every widget it sells? Nothing has changed. Your profit margin is still 8%. Profits have doubled .. the profit margin has remained the same. The only reason the profits doubled is that the price of your raw materials has gone up. Has anyone looked at the price of crude oil lately? Last year the big five oil companies made around $123 billion in profits. Pretty strong. But what was their profit margin? Around 9%. Same as the year before and the year before that. The politicians can't pander to the dumb masses by slamming profit margins ... so they play the dishonest game of slamming the gross profits, and the media lets them skate. They start talking about "windfall" profits. Tell me ... how is it a windfall profit when the profit margin is remaining effectively the same? Some windfall. Do you know why they get away with this nonsense? Because the dumb masses they're preaching to were largely educated in government schools. If you shoved what they know about economics up an ant's ass it would rattle around like a BB in a boxcar. Some politicians, of course, want to take this situation with gas prices and figure out a way to turn it into another government entitlement program. They point out that some low-income Americans pay as much as 10% of their incomes for fuel. So .. what to do? Let's make some more suggestions as to how the oil companies should spend their profits. Two senators, Republican (INO) Olympia Snowe of Maine and Democrat Jack Reed of Rhode Island have asked the oil companies to voluntarily help "low income" consumers. They want the oil companies to contribute to a fund to help "low income" consumers pay for this upcoming winter's heating bills. Oh and to also pay for their transportation costs later this summer. The Senators complain that these big oil companies "need to share some of their profits with consumers who are in need." Since when it is the government's role to tell a private company that it needs to share its profits. It is not the government's money. This money belongs to the teacher's union retirement funds, the police and fire fighter pension plans and other organizations and individuals who have purchased stock in these companies. Every dollar these politicians wrestle away from the oil companies is money out of the pockets of the shareholders .. or money the oil companies aren't going to invest in more energy production. But what the hell ... we all know that the government can do a better job of spending this money anyway, can't it? So there we were yesterday ... the non-productive political class telling these oil companies what they should and should not do with their profits .. profits that belong to the oil company stockholders.
We've spent a lot of time this week cataloging the many lies of Hillary Clinton. Maybe it's time to talk about her opponent as well. He's a liar too, you know. Once again yesterday we had Barack Obama saying that John McCain has said he will keep troops in Iraq for 100 years. No long dialogue here. You just need to know that this is an outright falsehood .. a lie. McCain never said it, and Obama knows it. The media is calling it so.
Barack Obama is running an ad in Pennsylvania designed to play on the voter's general dissatisfaction with the oil companies. He mentions Exxon's profits but does not mention the profit margin. Then he says "I don't take money from oil companies .... " OK .. so that's not a direct lie. He's right. He doesn't take money from oil companies. Either does John McCain. Either does Hillary Clinton. Ditto for all candidates for the House of Representatives and the U.S. Senate. And why not? Well, Obama hasn't taken any contributions from oil companies because since 1907 it has been illegal for any corporation to make a direct contribution to a federal candidate. So .. let's call BFD on this campaign ad claim. But wait! There's more! And you're going to get this without paying shipping and handling. Here are two goodies from Factcheck.org:
Ah ha! A bit of deception there, wouldn't you say? Obama doesn't take money from the oil companies. That would be illegal. But if the top oil company executives want to round up some contributions from friends and employees ...well that's just fine.
Hurricane experts are already getting their boxers in a bunch over the idea of a disastrous 2008 hurricane season. More than 1,400 emergency managers, government officials and others involved in tropical disasters went to Orlando, Florida this week for a National Hurricane Conference. They went to prepare for "what may be a devastating storm season." Gee that sounds familiar, doesn't it? Didn't we hear this same thing for the last two years? But .. either way, they win. Hurricanes or no hurricanes, they'll blame whatever happens on global warming. At a UN conference this week, poor nations have decided that they are not going to sign a global warming pact unless rich nations pay them billions of dollars. Must be nice. Island nations in the Caribbean and South Pacific say that they've been hit with floods, rising seas and cyclones all because of man-made global warming by industrialized nations. But unlike these nations, the poorer nations say they don't have the money to build sea walls or relocate ... therefore it is the rich nations' job to give them the money to do so. Rich nations are saying that they agree to help ... but they can't agree on how to do it. The United States wants to make this a voluntary aid program, and Europe wants to use the trading of pollution permits to generate money. The UN Development Program says that it is going to need $86 billion by 2015 in order to help the poor nations. China's solution is to have rich nations give at least 0.5% of their GDP to help the poorer nations. For the United States, that would be a whopping $60 billion. All in the name of global warming. Oh .. before we leave this ... let's also remember that Barack Obama also has a bill pending in the U.S. Senate that calls for the United States to contribute .7% of its GDP to help eliminate global poverty. (Or, as others see it, to line the pockets of petty dictators around the world). Well, that .7% and the .5% brings us up to 1.2% I wonder if it would be a good idea to set some sort of a cap on just how much of the wealth we produce in America we owe the world.
Tater Salad, Ron White dropped by the studio to have a little chat with Neal today. He's on tour, maybe he'll come to your town.
... Give him an audio book! Studies have shown a steady decline in reading. A new study released last fall found that less than a third of 13-year-olds read every day. By the time they get to high school, 20% are considered non-readers. So now teachers are turning to audio books, passing them off as an easier way to "read," particularly for children with learning disabilities like dyslexia. Audio books will become to reading what calculators have become to math. Now here's my question ... what office environment is going to say "Oh Billy, I see you are dyslexic. Here is the report in audio form." Yeah ...What good is this going to do for students who are truly struggling to read, or those that flat out don't want to? The answer is that it is not going to do a darn thing. It is just a wussified way to make students feel good, without giving them the proper tools they need to succeed in society. Maybe I'm wrong, but reading is a pretty necessary tool. What about newspapers ... what about novels ... these are the students that have never read a real newspaper in their lives. These are the students that will grow up to vote for the Hillary Clintons of the world "because she's a woman" and her commercials during American Idol said she would give me free healthcare. Here's another priceless anecdote. Librarians are concerned that an increase in audio books will create a "digital divide" between those that can afford the technology to listen and those that cannot. So to prove this theory wrong, an audio book company decided to go to a school in New Jersey where 90% of students receive free or reduced lunches ... I guess this is their way of calculating "poor students" in government schools. In their research on this school filled with 90% poor students, more than half of third graders already had their own MP3 players. In other words ... their parents can't afford to make them a lunch, but they are more than willing to go and buy their kids an MP3 player. That, my friends, is the "poor" in this country. REDNECK SCRAP BOOK I hear deer meat can be a little tough sometimes. Here's one way of tenderizing it... More in the Redneck Scrap Book. READING ASSIGNMENTS This is just so wonderful. I hope you haven't seen it before. Just click here and spend five minutes ... I guarantee a smile on your face. Hillary is now saying that she is like Rocky ... she never gives up. Hint to Hillary. Rocky lost. Even Hillary supporters are admitting they believe that Barack Obama will prevail. In Pennsylvania yesterday, Hillary promised labor union workers that she was going to 'rebuild America' and give them high paying jobs that can't be outsourced. I wonder how she plans on doing that. With government regulations and money out of your pocket, I would suspect. Bush is going to bypass more than 30 laws and regulations in order to get the border fence built by the end of this year. The state of California has now decided it would be a good time to repeal its laws that penalize people for joining the Communist Party. Some people in Florida are upset that Nestle is taking water that 'belongs to Floridians' (and its free!) and shipping the water to other states. Take a look at the sorry state of our government education in terms of graduation rates. We are raising a nation of absolute dumb asses. Afghanistan is considering barring television programs from showing dancing and any other activities that are considered "un-Islamic." Getting $5,666.10 of your tax dollars back might be a good thing, until you realize that you have yet to file your taxes. The Tax Foundation took the liberty on April Fool's day to make a mockery of our current tax system. If you are in desperate need for a tramp stamp ... apparently you can get your quick fix by going to your local Toys "R" Us. It's never to early for your little girl to start acting like a slut. How about kiddie thongs? I gave you a warning yesterday about people who drive cars without their shirts on ... this guy takes it a step further. Now this is how ALL designated smoking areas should be set up. | |||
| Jamie Dupree's Blog If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C. BOORTZ BLAST NEWSLETTER
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