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April 29, 2008 - Dan Voigt
Like everyone else, I've been waiting for the "Economic Stimulus" payments to hit the bank, and they finally started doing so at the end of April. I think the idea is really great, but I've got a couple of reservations about the payments. Now, before you think I've slipped a cog or developed a flat tire on my brain, consider the following. With our current fuel prices, the only stimulus anyone filling up a motor vehicle needs is right there when you look at the gas or diesel pump as you're filling the tank. THAT'S STIMULUS! The downside to the stimulus payments is that unfortunately, the big oil companies are pretty much going to be the recipients of the payments in the long run. Boy, ain't that a kick in the shorts? Here we have an industry that, as a whole, sat before Congress a few weeks ago and testified that, "Yes Senator, we made record profits last year, but we aren't making any money." Of all the ........ And then, one of those poor, strapped for cash oil executives admitted that he had to buy his wife a whole building in New York City, at a cost of $44 million, for her birthday because he couldn't think of anything else to get her. Hey buddy, have you ever heard of a toaster or a waffle iron? Many economists point to the fact that no new oil refineries have been built in the United States in over 40 years. OK, anyone in business knows that after so long, equipment must be updated and modernized, or it wears out, costs way too much to repair and keep functioning. Apparently that doesn't apply to the oil companies. But you know, we here in the Midwest do have an way to make our feelings known. Living in the Midwest, we need our gasoline and diesel fuels, and by golly, the brass bottoms in the oil companies want to eat steaks. So, I propose this: If big oil wants steaks, cut the price of oil for the Midwest where we raise the steaks. If we can't afford fuel, we can't raise beef and pork. If truckers can't afford fuel to haul the animals to slaughter, hey, Mr. Exxon-Mobil can drive his Rolls Royce out to the cattle lot and we'll load him up a 1400 pounder, who will probably make his hand-sewn leather interior kind of smelly. Better yet, he could take two or three head back and keep them in his wife's birthday present. Isn't it amazing how all these deals come full circle?
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