Big Oil Screws Us Again!
August 2, 2008 > MAUI TODAY 2 Comments![]() |
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HAWAIIAN WORD OF THE DAY — ‘Aila: OilYESTERAY - August 2nd: Exxon plunders record-breaking profits and will receive additional $32 billion in additional Republican tax breaks. Exxon, the world’s largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or $2.13 per share. This is the greatest profits of any coprporation in history.
What did you expect when you elected two ex-oilmen to the Presidence and Vice-Presidency? Friends of the Earth’s new analysis shows that even though the oil and gas industry is experiencing record profits, it is set to receive at least $33 billion in handouts from taxpayers over the next five years. These companies stand to gain at least $23.2 billion from tax loopholes, $3.8 billion in royalty rollbacks, $1.6 billion in direct subsidies for research and development, and $4.3 billion through accounting gimmicks. The tax giveaways have increased dramatically since the passage of a Republican-drafted energy bill in 2005.
Bend over America, because John McCain wants to give Exxon even more tax breaks. And he is now using the Bush/Cheney/Rove slime machine to steal another election and screw us all over again.
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OTHER EVENTS ON THIS DAY — August 2nd
1819: The first parachute jump in the U.S.
1823: Lord Byron sets sail on the Cephalonia bound for Greece to join the Greek revolution against the Turkish Empire
1824: Fifth Avenue first opens for traffic in New York City
1858: The British East India Company turned all its authority over to the British government
1873: The first trial run of a San Francisco cable car, on Clay Street between Kearny and Jones, downhill all the way, at 4AM
1876: James Butler “Wild Bill” Hickok is shot and killed (from behind) in Deadwood South Dakota by lawman Jack McCall while playing poker (he held a pair of aces & a pair of 8’s, now known as a “Dead Man’s Hand)
1909: The Army Air Corps is formed as the Army takes the first delivery of aircraft from the Wright Brothers
1909: The first Lincoln head pennies are minted
1939: Albert Einstein signs a letter to President Roosevelt urging creation of an atomic weapons research program
1939: The Hatch Act goes into effect, prohibiting political activity by federal workers
1961: The Beatles play their first gig as house band of Liverpool’s Cavern Club (they perform nearly 300 shows in two years there)
1974: John Dean is sentenced to one to four years in prison for his involvement in the Watergate cover-up
2000: Texas Governor & ex-oilman George W. Bush is nominated to be the Republican presidential candidate (with Dick Cheney another ex-oilman for vice president) at the convention in Philadelphia
2007: Mattel recalls nearly a million Chinese-made toys from its Fisher-Price division that were found to have excessive amounts of lead.
1819: The first parachute jump in the U.S.
1823: Lord Byron sets sail on the Cephalonia bound for Greece to join the Greek revolution against the Turkish Empire
1824: Fifth Avenue first opens for traffic in New York City
1858: The British East India Company turned all its authority over to the British government
1873: The first trial run of a San Francisco cable car, on Clay Street between Kearny and Jones, downhill all the way, at 4AM
1876: James Butler “Wild Bill” Hickok is shot and killed (from behind) in Deadwood South Dakota by lawman Jack McCall while playing poker (he held a pair of aces & a pair of 8’s, now known as a “Dead Man’s Hand)
1909: The Army Air Corps is formed as the Army takes the first delivery of aircraft from the Wright Brothers
1909: The first Lincoln head pennies are minted
1939: Albert Einstein signs a letter to President Roosevelt urging creation of an atomic weapons research program
1939: The Hatch Act goes into effect, prohibiting political activity by federal workers
1961: The Beatles play their first gig as house band of Liverpool’s Cavern Club (they perform nearly 300 shows in two years there)
1974: John Dean is sentenced to one to four years in prison for his involvement in the Watergate cover-up
2000: Texas Governor & ex-oilman George W. Bush is nominated to be the Republican presidential candidate (with Dick Cheney another ex-oilman for vice president) at the convention in Philadelphia
2007: Mattel recalls nearly a million Chinese-made toys from its Fisher-Price division that were found to have excessive amounts of lead.
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BORN ON THIS DAY — August 2nd
1892: Jack Warner, co-founder of Warner Bros.
1905: Myrna Loy, actress
1922: Carroll O’Connor, actor
1924: James Baldwin, writer
1932: Peter O’Toole, actor
1934: Albert W Hall, actor
1949: Wes Craven, film director
1974: Mary-Louise Parker, actress
1977: Edward Furlong, actor
1892: Jack Warner, co-founder of Warner Bros.
1905: Myrna Loy, actress
1922: Carroll O’Connor, actor
1924: James Baldwin, writer
1932: Peter O’Toole, actor
1934: Albert W Hall, actor
1949: Wes Craven, film director
1974: Mary-Louise Parker, actress
1977: Edward Furlong, actor


