Wednesday Open Thread
Seems like Ender's thread on the war funding bill is filling up, so consider this an additional space for discussion (on any topic). Sorry I didn't get this up sooner, I'm busy at work.
Interesting story on urban and rural student exchange here . Seems like a good way to broaden perspectives to me.
Spurs won, up 2-0. American Idol results coming up.
UPDATE by Mike P: The first real news possibly related to the missing soldiers in Iraq is an unidentified body in an American uniform. (link )
Submitted by Brendan on Wed, 2007-05-23 10:58
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Comments :
Good for the Spurs. But an American Idol referance.....
Can't we please use Al Gore's new book's The Assault on Reason
message that American popular culture diminishes us? Please, I hear about it, it's not something I will scream about....but do we have to talk about it here?
How about talking about Monica Goodling's testimony before the House today instead?
Today is a milestone in human history
Link
qui tacet consentire
And Happy 50 Year Birthday to the Frisbee!
It is the economy, stupid.
I like kos' take on the Iraq funding bill.
He's got a certain presence that others on both sides don't seem to have.
Jeebus
I wish he would have put this up yesterday before everyone started eating each other alive.
I agree kos is a grounding rod.
Interesting the instant gratification comment. I think that's true and part of the nature of blogging.
It is the economy, stupid.
Yep.
Time for a pep talk for the Kos cult.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Really...liberals being reasonable.
How can you stand it?
I don't mind when liberals are reasonable ...
it's when they are in their normal state that they drive me crazy! :)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
yeah
nice pep talk for yet another loss for cowardly dems :)
"To discuss evil in a manner implying neutrality, is to sanction it." AR
It is really rather sad to watch.
They were all excited about their new found powers and that whole mandate from the people thing.
Out witted by a chimp, yet again!
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Bush is not nice.
He has no intention of honoring the will of the people, or Congress.
He's a wolf in sheeps clothing.
He doesn't care if the troops serve for 12 years. He cares enough about the troops to give them a plastic fricking turkey for thanksgiving.
It is the economy, stupid.
Bush is an insane zealot
dems are reasonable. Their mistake is thinking that Bush is. Bush is an extremist.
OH yeah and f*ck you on the cowardly dems comment.
It is the economy, stupid.
miss liberties! I am so shocked.
Normally, that would be something I would have said.
Maybe I need another cuppa joe.
thank you!
I got yer weak.
I am sick of these ideologues and their twisted logic.
I am going to go make a fresh POT of coffe now....... ;+)
It is the economy, stupid.
That is funny.
I was down in S. Cal over the weekend watching my daughter do her graduation walk. While there we made a pot of coffee over at her place. She had the most miserable hand me down coffee maker I've never owned. Yesterday I went out and bought her a nice new Cuisinart model for her.
Don't get me wrong. I like her to have cool stuff. But for the most part, her money priorities are her own, not mine. But I'll be damned if I'm going to wait 25 minutes for a pot of coffee at her place again.
hehe
congrats on your daughter graduating :)
"To discuss evil in a manner implying neutrality, is to sanction it." AR
Ditto.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
lol
dems are not reasonable. And in case you didn't notice, I was speaking about your dumbass representatives. Cowards almost all of them.
"To discuss evil in a manner implying neutrality, is to sanction it." AR
message repeated
f*ck you
It is the economy, stupid.
you are a lil angry
about your cowards surrendering to a dumbass... I thought you were all calm and collected unlike the screaming anti-war denizens of dkos?
"To discuss evil in a manner implying neutrality, is to sanction it." AR
Give her a break, Ender.
She's had a bad couple of days. :)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
yeah I guess that's true
I'll chill with the baiting :)
"To discuss evil in a manner implying neutrality, is to sanction it." AR
message repeated
All you are trying to do is piss people off.
I had an honest discussion with you last night how I feel and yet you continue to try and inflame existing passions.... on purpose. It is unkind.
Lather, rinse, repeat.
Why don't you go find the child of an Iraqi refugee to kick in the face. And then call his mother a coward. Maybe that will give you some satisfaction too.
It is the economy, stupid.
We all have our moments...
...of below the belt shots. Let's just chill.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
Good links re the politization of the US Attorneys.
Our old Alum BTD has a great message about the politization of the US Attorneys office
. He links to a piece from looseheadprop over at FDL titled Older & Wiser Heads
where he discusses:
"Sitting on the bench was a panel of experts discussing the "Hiring, Retention, and Firing of United States Attorneys". It was hard to say who was more outraged by the current rape of the Department of Justice, the massacre of United States Attorneys or the the obliteration of the concept of the rule of law and impartial administration of justice: the republicans on the panel or the democrats. This is NOT a partisan issue any more. Republicans who respect the law and revere the honor and traditions of the Department of Justice are just as horrified as anyone who regularly swims here in the Lake. So, I thought I would give you some idea of the thoughts and opinions"
He goes over the panels thoughts (a bipartisan group of ex US Attorneys, Deputy AG's, etc) who are uniformly alarmed at what they see in the Department of Justice right now.
It's not only us braying at the moon progressives who see what's happening to the State of our Nation. We've got rock ribbed Republicans on our side too.
I'm curious what our resident rock ribbed types will say. Will you even read the links?
Comments on firedoglake article.
Older and Wiser Heads
Well, well, well. At least we now have an admission that the Democrats have been playing politics with this whole issue, up to this point. :)
The whole honor and traditions part is funny, given that the practice has been, according to Democrat sources, to throw all of these bums out on their collective keisters with every change of the administration. How much honor and tradition can there be when the entire population is replaced every 4 or 8 years?
If you want to "respect the law" then you should stop all your caterwauling and drop the whole thing. According to the law, the USAs serve at the pleasure of the President. Period. End of story.
Awe, how cute and sweet. The nice Republican man wants an apolitical DOJ. Who's going to disagree with that? Not I. Not Bush. Not Gonzales. The fact of the matter is that the DOJ has ALWAYS been part of the executive branch and, as such, is by definition a political entity. If it is not, then why are the new administrations replacing everybody? This is nothing new under Bush. This is all smoke and mirrors.
So, our elected representatives aren't allowed to NEVER EVER attempt to complain about an individual case? That's a laugh.
How about all those Democrat Senators complaining about the Plame flap, or the Rove investigations, or the Libby case? Schumer seems to be complaining about something along those lines all the time.
If it will get Schumer to STFU, I'll even vote with you on this point. The problem is that you [the Democrats] don't intend to, and never do, apply this type of reasoning in a bi-partisan manner. This type of rationale is reserved to the exclusive use of Democrats against Republicans.
But even if we take ALL of the politics out of it, doesn't a Senator ... or any citizen for that matter ... have a right to object to how the DOJ and the USAs are doing their jobs? Even on specific cases?
FDL liberal drivel and whining. Nothing important (or even novel) here.
Fair enough. But it is irrelevant to the case of the USAs since this is NOT how things operate today.
Oooh. Bernard Nussbaum thinks Bush and Gonzales are "BAD PEOPLE". I bet that they are shaking in their boots right about now. :)
Hmmm. So the "political" selections of USAs has resulted in "merit based selection." Curious, I thought that "political" selections where the problem here. WTF? So, "political" selections are "GOOD" but only if they are not "Republican" selections. I see. Nope, no partisan notions there. Uh huh.
And what's all this about the Senators now. Aren't they supposed to stay out of the whole DOJ thing? I think that the writer needs to review his text a little more before hitting "submit".
And yes, NY is blessed with their USAs. I know that when I think about the fair and even-handed application of the law, the NY USAs come right to mind.
Again, who's going to argue with this? Not I. Not Bush. Not Gonzales.
But in a sense, this is exactly what has happened. The Bush DOJ decided people were being partisan and fired their butts. Simple as that. No conspiracy or government take-over theories required.
OK. Acting in a partisan manner by refusing to investigate and prosecute cases of voter fraud is, IMHO, a fine example of what? Misconduct.
Selectively applying the law is a blight on our judicial system which should not be tolerated.
More FDL drivel and blather. Merely seeks to frame the use of these terms to the Democrats advantage in this case ... and not very skillfully so.
A nice, but meaningless statistic. The only thing that this proves is that it has been done before, so why are you complaining now? Answer: Partisan politics.
Sour grapes. Childish temper tantrum because things didn't go like she would have preferred. Key clues: references to a lack of "grownups in charge" and in later text "Kiddie Kampers".
More FDL blather. FDL must like to hear themselves type or something. :)
Translation: We're going to be every bit as partisan as those damn Bushies were. Fire every last one of the bastards and put our own guys back in office.
Hmmm, what ever happened to that merit based talk I was just reading about?
Yes, yes. I know. The entire free world is going to end now that Bush fired some USAs. I mean they were the equivalent of Captain America or something. Foiling plots. Building cases. Putting
innocent peopleterrorists in jail.Yea? Well they missed the big ones, I guess, because there is still a hole in the ground where the WTC once stood. Grownups, indeed.
[ Sarcastic theatrics inserted by me. :) ]
This is laughable. Scary bad men? Grownups? Kiddie Kampers? What are we, in second grade? The ego behind this twaddle is truly of epic proportions.
To sum up my reaction to this: [ Shrugs Shoulders ] Eh?!?
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
You show such little respect for
the integrity of the rule of law, the constitution, and the ideal of impartial justice which has been a source of pride and honor for State Attorney Generals.
Your mocking partisan tone does not invite any honest dialogue.
I rest assured that you will never accept any other point of view but your own.
It's quite sad really.
It is the economy, stupid.
missliberties, I'm on to you
I finally figured it out. GoRight is a spoof you've created!
Not even an ultra-conservative Republican apologist would argue that the serving at the pleasure of the President includes firing them for following the law instead of violating it.
This was the one that gave you away. After all, the cases involving voter fraud had either zero evidence or were investigated and found to be baseless (with the exception of Ann Coulter's who's case was simply pushed under the rug). After all, how many such voter fraud cases have their replacements successfully prosecuted (and not gotten thrown out?) You'd think there must be hundreds from the replacements if the lack of such successful prosecutions is what got them fired.
Your spoof character is implying that the president can fire USAs for not coming to the a-priori conclusion he wanted (without having any evidence that that conclusion was correct). That would require the attorney to make a decision to prosecute without a good faith belief that the law had been broken (which is of course, prosecutorial misconduct and could lead to them being disbarred).
Ah! I see where you are going ML. You are claiming that the President can, should and in fact HAS forced such misconduct, which would naturally be an impeachable offense (threatening a prosecutor to knowingly violate the rules of the court under threat of reprisal being both extortion and obstruction of justice)
After all, your argument is nonsensical on the face; I serve at the whim of my CEO, but if he demanded I violate any of the numerous rules on someone with my professional responsibilities, he would likely end up prison (and would certainly lose his job)
Nice run though (especially the heated arguments between your two personas)
ps, If this is someone else's spoof, and I've misattributed it, my apologies and please take credit for your work.
Making a mockery of the law
Odd that Republicans just don't get it. Integreity isn't in the vocabulary of the party of family values.
The pracitcal applications of this philosophy are historical. See Enron
Monica Goodling....... the enforcer. Civil service qualifications. Who did you vote for. How do you feel about Roe. Sound familiar? It is. It is the same test they gave the republican operatives that were put in charge of rebuilding Iraq. How has that worked out so far.
What is clear....... is that these people and their apologists have absolutely zero respect for the law. None! And that includes international law.
It is the economy, stupid.
Sigh, you're on to me.
I don't generally like to admit this, but missliberties doesn't actually know that I am secretly one of her personalities. There are others but we make her black out before we come out.
Notice how you never see us typing together. Always in separate posts with different timestamps. That is all just part of our plan. We let her type for a while, then we take over and respond. You get the idea.
She has said it herself, "My god you make me insane
". I thought that the cat was almost out of the bag on that one. Luckily she moved on, but now I guess I have to "come out".
So, missliberties, here I am. Your alternate personality. You're the liberal side of your brain, and I am the conservative one! No hard feelings, right?
:)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Just a headache.
Substituting twisted statistics as moral principles is spiritually bankrupt.
It is everything that is wrong with the conservative ideology.
Conservatives are the most selfish people I have ever met ideologically. They want all the benefits of a civil society, and don't want to pay for it and undermine the institutions that support it.
They claim to be fighting "evil", but have no problem supporting the family values of China...... forced murder of your second born child no problem.
It is the economy, stupid.
Now ML, I know that you
are supposed the be our dainty, femnine side ... but you have to come to grips with the fact that we are two sides of the same coin. You are the Yin to my Yang. Stop denying me, it is time for you to wake up to the truth of our mulitple personality disorder.
I know it has been a tough world for you, that's why you invented me, remember?
You are just full of hate for the conservatives. That's all this is about. You think that you are always right about everything and deny my very existence. That's why I had to come out as your arch enemy to keep the world in harmonic balance.
:)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
I don't hate conservatives
I hate their ideology and the hypocritical rhetoric. Rep. Dan Lungren is a perfect example.
IN reality, shed the rhetoric, most conservatives are ridiculously mushy with a soft underbelly. That is why it is so easy to say things to sway their vote, like oohhhhh look at the little children, or ooooooooohhhhh be scared to death of that over their. They don't think with their heads they think with their stomachs.
It is the economy, stupid.
Yes you do.
Look, as your second personality I know how you think, so stop denying it. You are the part of our brain that hates conservatives, and I am the part that hates liberals. Live with it.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Doubt that we are both the same person?
Just look at this week's posting stats so far:
http://www.swordscrossed.org/hof
She takes a turn, then I take a turn. See!
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
GoRight got a scholorship at Twister.
If they gave one for turning things on their heads, he'd get one for that too.
Well, at least you acknowledge ...
that I have a "talent"! :)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Knocienz
thanks a million. now that the problem has been diagnosed I want to announce
that I have been Cured!
It's just too much work. I can't keep it up!
Off to the dandelion fields I go.
It is the economy, stupid.
Didn't think it was a disorder
I figured it was just a spoof. You know, trying to play crazy Republican.
Still it makes sense. Your GoRight persona does show this strange effort to write with what would be read as a male 'voice', but that whole trying-to-hard makes it read all wrong. That really should have clued us in (and were I a professional health care person, I would certainly have done so) The whole false male androgony combined with Republican as a way to show discomfort with 'his' female nature is pretty classic.
Careful of back sliding though. If GoRight breaks out and starts writing pieces that annoy you, just could just respond with a good mantra of acceptance.
You've been reading too much.
Keep yourself in the dark. You'll be happier that way.
You will have to excuse me, it's time for my hormone therapy.
Speaking of pills, I wish there was one I could give to Congress. Some sort of truth pill.......... that would make the support the people, the people, the people, the people..........
It is the economy, stupid.
Enough with the fraud
Clinton asked for everybody's resignation, but in the end accepted only 4 and all for malfeasance that should have gotten them fired long before.
Obviously he did not fire enough of them as he was plagued with political "investigations" that spent millions and went nowhere. And even at its worst he never fired any of them.
By contrast Bush's firings were not because they were not loyal Republicans, as they all were, and most would ignore all Republican fraud, but because they still had a few scruples and they would not attack innocent people for political gain, that is what got them fired.
The Self Made Man is just not admitting where he got all the parts.
prime example of socialist garbage from the Dems
House approves stiff gas-gouging penalties
:
What is that crap? Yeah, I am glad Bush threatens to veto it.
"To discuss evil in a manner implying neutrality, is to sanction it." AR
Notice how they never want to
deal with the governmental gouging? How about a tax cut on the gasoline tax to help out the poor? As I recall a pretty large percentage of that price is going to Uncle Sam.
Or why don't they get enraged with OPEC and the profits that they are making? No, they are more interested in going after the little guys like the traders and retail operators.
And I thought that they were the party of compassion.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
come on
that's government's money you are talking about! Are you crazy? You can't steal money from the government! Heh...
We got $2.95-$3.00 for gasoline in NJ, and here where I live, about 1 mile inside the NY border it is $3.45-$3.50...
That right there is an example of how much more NY State gouges than NJ. How about a little break for the poor?
Instead they want to try to fix prices and try to bankrupt the evil corporations. Dems are showing their true colors.
"To discuss evil in a manner implying neutrality, is to sanction it." AR
If New Jersey is so much better than New York...
...you should go live there. After all, it's only a mile away. Funny though, I haven't ever heard of too many New Yorkers wishing that New York was more like New Jersey...
skymutt: wise and powerful... enlightened...
It would be a long way to bankruptsy
Those evil corporations only make 50% return cash flow per [quarter ? year] on investment as they brag in internal documents, even while they say it is 2% in public statements.
Just because they are secret, and private, doesn't mean it is not a tax. A private government may be a secret tyranny, but if they are calling the shots they are still a government.
The Self Made Man is just not admitting where he got all the parts.
*get* mad?
We already made Iraq into a hell hole, what more do you want?
Exxon Mobile makes approximately 10 billion dollars a quarter. That's profit by the way, not revenue. "Little guys" indeed.
http://money.cnn.com/2007/02/01/news/companies/exxonmobil/index.htm
I came. I saw. I posted.
Veni, Vidi, Bitchy.
He he.
OK, one down. Who's next? Iran? :)
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Not unless we want to go nuclear. -nt.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
Just a comment.
To keep you from changing your mind on this!
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
And?
calling it socialist really doesn't have the cringe effect you are hoping for. I don't care if it is socialist, I care if it is a good idea.
I'm not sold on the idea that it is but I've yet to hear a compelling argument from the right against it.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
democrats
already had an investigation of price gouging and found nothing. There is never any evidence of price gouging or any unfairness yet they have to try to pass punitive laws.
How can you punish someone when the following conditions exist that continue aggravating the price:
1. growing demand is outpacing supply
2. liberals prevented expansion of our refining capacity that is currently at a limit with no room for error or breakdowns/maintenance
3. liberals prevented oil exploration and drilling in various places in US - off the coast, alaska, etc for a long time which would've also contributed to their buzz word of "energy independence"
and now liberals, fully knowing the crap they've pulled on America by prohibiting us to actually be able to cope with rising demand, are punishing the industry for the natural result of all their crap coming to fruition. Good work socialist liars.
They screwed us and now want to punish business for the results of their screw-up. Nothing new.
"To discuss evil in a manner implying neutrality, is to sanction it." AR
democrats already had an
Link?
Here's a pretty simple bit of evidence: oil company profits are rising. At a time when their costs must be going up they still make more money. How can that be if not for gouging of customers? I mean if it was one company maybe they had some structural rearrangement that raised profits for one year compared to the previous, but when it is every company and every year...
If the cost of gas went up but company profits stayed the same then that would mean they were simply passing on the costs to consumers. But when the oil costs more and company profits go up it means they are tacking on their own little price hike to line their pockets and hoping nobody (except wall street) notices.
We don't need energy independence. We need fossil fuel independence. Replacing your dealer doesn't mean you magically don't have a drug addiction any more.
Wait... so socialism leads to record industry profits? I have to admit of the many complaints I've heard conservatives hurl at socialism that one is genuinely new. Kudos.
Are you coming on to me? All this talk of punishing business has me kinda frisky, I admit. Maybe we can ballgag some CEOs and bring out the studded paddles...
I came. I saw. I posted.
Veni, Vidi, Bitchy.
Here's a novel idea.
Let's say that Evil Oil acts like almost every other corporation in America. They take the cost their raw materials, factor in the costs of processing and distribution, and then apply a fixed markup per unit to cover their profits.
For the sake of discussion (i.e. I am not claiming that this is a real number), let's say that Evil Oil makes $0.10 on every gallon it sells. Now, as demand fluctuates so does the profit, right? I mean if you sell more units this year than you did the year before, well the profits tend to go up, right?
There is no intent required here. In fact, by your way of arguing Evil Oil would have to be operating by setting a fixed target on their profits, say $10B, and then have to adjust their mark up dynamically to meet that target. And heaven forbid they actually sell enough units that they ever exceed that mark, because then they would either have to stop selling altogether or start PAYING people to buy their gas so that they don't overshoot their mark. Who operates a business like this?
Are we not supposedly experiencing record levels of demand the past few years? Wouldn't that tend to correlate with selling more units?
Just a thought.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Economics 101
So you're saying that as prices hit record highs demand went up?
You make baby Milton Friedman cry.
Not really:
http://tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html#demand
the four week average for demand is a little over 1% higher compared to a year ago.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
Why are you such a moron?
Were you born that way or did you actually have to work at it?
Demand is outstripping supply right now, at least that is what I hear on the radio. So, when demand outstrips supply, the price does what? Goes up.
Demand is not going up because the prices are higher, dufus, the prices are higher because demand is greater than supply.
From your own charts (4 week averages for Finished Gasoline):
5/18/07 Demand: 9.360 Million Barrels per Day
5/18/07 Production: 8.991 Million Barrels per Day
So, there is no magic here. Demand is higher than supply, price goes up. The free market sorts out by how much.
It's called the law of Supply and Demand, not the law of Prices and Demand, for a reason. I think you might want to ask for your money back on the Econ 101 class you took.
Either way this is irrelevant to the point we were discussing ... thought I wouldn't notice the change in subject, eh?
You made the ludicrous assertion (actually sort of implied it) that the fact that the oil companies are making higher profits in the face of rising materials costs is de facto evidence of price gouging. I presented a real-world scenario based on how corporations actually operate which accounts for increased profits without any price gouging required. Period.
This is true regardless of whether it applies to our current economic situation, or not. Although as you yourself point out, demand is higher this year than last. So, we would expect the oil companies to make a higher profit.
Obviously this example has been greatly simplified (to make it easier for you to follow) relative to the real world complexities involved. Still, it sufficies to demonstrate the fallacy of your thinking in this case.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
:)
it's sort of endearing how flustered and angry you get when I have to correct you on, what is supposed to be, your strong suit.
Yes it does because the cost goes up. But if the cost goes up then the companies don't make anymore profit unless they also gouge. Whoops, you kind of forgot why supply and demand works, didn'tcha?
And so we get back to the same old problem again (and again and again and again): you like to lecture people on concepts you clearly don't understand.
You have a sort of point. For my statement to be correct you have to account for the volume of gas sold. Honestly I thought that was so obvious as to not need stating, but I should have learned by now that you need every detail explained explicitly (and frequently).
I apologize for assuming you had some vague competence in the subject. It won't happen again.
Nice glossing over of the facts. demand is up by a measly 1.2% meanwhile profits are up 9% using exxon as a guide:
http://www.breitbart.com/article.php?id=D8N0VRD80&show_article=1
hmmmm...slight discrepency...
I came. I saw. I posted.
Veni, Vidi, Bitchy.
Are your really this ignorant?
Do you truly not understand that even if the costs are fixed, that if demand outstrips supply that the price will go up?
You seem to correctly understand the concept that a corporation will pass its increased costs on to its customers via increased prices, but this is hardly a valid definition for "price gouging". If the cost of raw materials goes up by $0.10/Unit and the resulting price increase is $0.10/Unit do you somehow consider that to be price gouging?
In my example, the Evil Oil company was making a fixed profit of $0.10 per unit on top of the costs of their raw materials, processing, and distribution. I maintain this as being invariant, which by my definition means that there is no gouging going on.
So, at this point, the company's profits are purely a function of demand (e.g. total units sold).
[ Any changes in operating costs are passed on to the consumer on a penny for penny basis (so there is no price gouging involved in that), and the free market makes any adjustment necessary in the price due to changes in supply vs. demand (again, no price gouging there). ]
So, we have a situation where the price of gasoline can increase by an arbitrarily large amount (due to the fluctuating materials costs and other market forces) and the company can still experience increased profits without price gouging (since they are only charging a fixed profit of $0.10 per Unit).
Ergo, you original contention is false.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Is it lonely in that hole?
I understand it fine, well enough to know it has no connection to what is happening with oil.
Correct! Good for you. Of course you got wroing that I ever said that it was price gouging. Still 50% accuracy, way to go, big guy.
I have no problem with the oil companies passing on their costs. But that is profit neutral, a concept you seem to be straining to avoid.
I'll spell it out for you (better now than latter):
Cost goes up, price goes up an equal amount, the profit margin per unit stays the same. As a result for a fixed volume of sales (see? I've learned you need each and every detail spelled out) the total profit doesn't change. The company charges more but they also pay more.
I have no problem with that arrangement. But obviously that's not what has happened here. Instead as the price has gone up the company has made record profits totally disproportionate to the tiny increase in demand.
Try really hard to think about that and reach the (obvious) conclusion. Please, if not for me then for anyone who has ever tried to teach you basic economics...
They know you can get it if you really try...
Yes you could, your only porblem is that once again your arghument doesn't reflect the reality of the situation. Other than that it's a beauty.
look- I'm sorry I confused you by not making the volume sales explicit. I really didn't mean to trip you up like that, I just assumed you'd get it. My bad.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
OK, fair enough.
We are agreed, thus far then.
So now your primary objection boils down to the observation that they (Exxon in this case) seem to be making disproportionately large profits with respect to the increase in demand that we have already observed, correct?
For example, the industry wide demand has only risen say 2% but Exxon specific profits increased 9% and thus Exxon must have been price gouging, correct?
Is it your contention that the only possible explanation for this discrepency is price gouging?
I just want to make sure this is your point before I move on. If not, can you please clarify what your point is with respect to the parent post to this one?
While we are at it, what exactly, constitutes "price gouging" by your definition of the term? I just want to limit any further discussion to your specific interpretation thereof.
Republican Maverick at Large
-4:Strongly Disagree; 0:Meh; +4:Strongly Agree
Is it your contention that
Well if you read what I'd written I said that if it we saw a rise in profits just one year with one company then maybe they made some structural changes or otherwise changed their overhead. However when the entire industry is making greater profits basically every year that explanation is untanable.
Price gouging is when the price is arbitrarily lifted in the face of emergency need (i.e. after Katrina) so as to gouge those who are essentially a captive market; or when the price is raised at the same time as a rise in costs but the rise in prices is disproportionate to the rise in costs so as to try and hide the real reason for the price hike from the consumer (the current situation).
But I'm going home in about twenty minutes so I'm not sure you'll have time to dazzle me with your semantic manipulations of my answers.
I came. I saw. I posted.
Veni, Vidi, Bitchy.
I'm not actually trying to nail you ...
on this one. I am interested in following this analysis as far as we can take it, though, and in a way that you won't find some trivial thing to complain about! :)
It has been an interesting road for me, thus far, as I know more about gasoline pricing and the structure of the oil industry than I did before.
With respect to the post Katrina case, though, isn't that the direct subject of the most recent report I refe