Sunday, July 30, 2006

I Still Don't Understand Business

ExxonMobil posted another record quarter, which in an election year will almost certainly force idiot politicians pandering to the sound bite election cycle to pass some sort of inane legislation that will end up costing consumers even more for gas. And the executives are taking credit, and being compensated, for increases that are simple economics at work.

And in other stock news, GM posts a loss of more than three billion dollars. And its stock goes up. I watched Sneakers again last night, and it's amazing how totally relevant the movie's premise has become in the last decade and change. Case in point, economics isn't based on money but perception...

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