From: jcr on
-------- Original Message --------
Subject: Re:gas over $4 is here! is $5 gas far behind ?
From: hc23hc <hc23hc1(a)>
Date: Monday, May 14, 2007 11:31:38 AM

> jcr <nos...(a)> wrote:
>> > From: hc23hc
>> > Billions of Dollars in windfall profits every
>> > week. That money is leaving the economy, as far as civilians are
>> > concerned.
>> >
>> >
>> So where are the oil companies sending the money? To the moon?
> Might as well be, as far as you're concerned. Thanks for the big
> snip. If you'd read it first, I wouldn't need to explain this to
> you. In fact, I'm not going to again, unless you pay in advance at
> the pump.
> Better than buying gas, though...
>> The money is going to the owners, those who own shares of stock. Which
>> means the money does return to the economy in terns of earnings.
> No it isn't. None of it returns. It follows the same preferential
> trails to the outer limits of the national economy, then evaporates
> into subsidy form for the super-rich and so exits the gravitaitonal
> pull of earthly money systems, to all intents and purposes. The
> boardroom cast-members' problems are not the same as those of common,
> ordinary stock-holders, nor those of automobilists.
> Their profits are meteoric and monopolistically obtained. How they
> behave once they have your money has nothing in common with mom-and-
> pop business life.
> .
> .
> .

And what do the "super rich" do with the money?

o They provide capital for economic expansion
(either purchasing stock purchases or providing venture capital)
o They pay for expensive goods and services
(good for the hospitality and home services businesses)
o They buy expensive items such as luxury cars, boats.
(good for the industries that build and supply them)
o They even "bank" the money on occasion
(provides cash for mortgage and consumer loans)
o They are huge energy consumers
(good for the oil. oil exploration/drilling and alternative energy)

The list goes on and on.

For the money not to return, they would have to stuff it in a mattress
or bury it in the back yard, never to spend or invest it. Trust me on
this one. They don't let their money sit dead. They put it to use
(which means back into the economy).

From: jcr on
hc23hc wrote:
> "Shed liability for $19 billion..." Which means, in plain English,
> $19,000,000,000 of the employee retirement funds has already been
> spent on perks and bonuses for unaccountable bosses. It's gone
> overseas, right under your nose. Not unlike the Big Oil and
> Halliburton model of 'disappearing' money. You'll never see it
> again.
The liability transferred to the new owners. It isn't "gone"

You may want to take a entry level economics class.
From: Fred G. Mackey on
jcr wrote:

> And what do the "super rich" do with the money?

Oh, I know!;_ylt=AtMRlNJeeS_YQea5RM93LXugOrgF

Car number plate sold for 6.8 million dollars in UAE

ABU DHABI (AFP) - A single-digit car registration plate was auctioned
off for more than 6.8 million dollars in the United Arab Emirates on
Saturday, beating the previous world record by more than 10 times.

The number plate "5" was bought for 25.2 million dirhams (6.86 million
dollars, 5.07 million euros) in Abu Dhabi, the oil-rich capital of the
UAE, WAM state news agency reported.

It said businessman Talal Khouri placed the highest bid in the first
auction of its kind in the UAE, with the proceeds going to charitable
projects for people with special needs.

The price beat a previous world record set last July in Yorkshire,
northern England, where the numberplate "M1" was knocked down for
331,500 pounds or 657,160 dollars (486,140 euros) at current exchange rates.
From: Michael Ejercito on
On May 14, 6:01 pm, Jeffrey Turner <jtur...(a)> wrote:
> Brent P wrote:
> > In article <134fm3nrs0es...(a)>, Jeffrey Turner wrote:
> >>Eeyore wrote:
> >>>AirRaid wrote:
> >>>>
> >>>>High gas prices
> >>>You people haven't a clue what high gas prices are !
> >>>You want to pay less ? Drive a car with better mileage.
> >>Idiot Reagan supporters backed gutting the CAFE standards.
> > CAFE could only be a failure. CAFE was an attempt to tell US car buyers
> > what they had to buy. This doesn't work out well, ever.
> Of course it would have worked. The auto makers would have built
> high-mileage cars and Americans wouldn't have had a choice but to buy
> them.
Ah, so you are not pro-choice.

Maybe I should report you to NARAL.
> > CAFE is something supported ultimately by people who want government to make
> > decisions for them. There has always been a choice to buy cars with
> > better fuel economy.
> You don't have a choice if those cars aren't being made or are very
> expensive.


From: Gary V on
On May 14, 9:01 pm, Jeffrey Turner <jtur...(a)> wrote:
> Brent P wrote:

> > There has always been a choice to buy cars with
> > better fuel economy.
> You don't have a choice if those cars aren't being made or are very
> expensive.

Ding, ding, ding, we have a winner! They would be very expensive.

> If all cars were required to get good mileage then there
> would be inexpensive cars that got good mileage.

Oops, lost it again - so close, and yet so far. Having the government
tell carmakers to do something doesn't make it inexpensive.