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Recession


Chef Jim

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Need 2 quarters in a row. We actually had growth the prior 2 quarters. Noway the media announces a recession in January if the Messiah wins.

 

My point is that when the announcement comes out it goes something like "we've been in a recession for the past 9 months." The average recession lasts just under 12 months.

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Not if you're Exxon Mobil. Life is good.

 

Life is very good for IRS receipts from taxation of oil company profits. Not so for the States. Did you miss their carping about reduced tax revenue because the American public was driving less, acting frugally, reducing their gasoline consumption?

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Not if you're Exxon Mobil. Life is good.

 

I hope they enjoy it. Once Obama passes his innovative "Fill Your Tires With Air" Act of 2009, Exxon will clearly have to diversify it's offerings before 2010 even gets started.

 

Maybe they'll start selling tire pumps.

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