Friends of George W. Bush (FOGs) have done very well at the expense of the average American. We all know about irregularities
of Dick Cheney's former firm, Halliburton in their contract efforts in Iraq. Just Google Halliburton and you can read about millions in ongoing overcharges to the American people. Yet, they don't have to worry about losing their no-bid contract as a FOG.
The example that really steams me is that over the last couple of months, big oil companies have reported record profits for 2004. Exxon Mobil, the biggest oil company in the world, had after-tax profits of over $25 billion
last year, up 21 percent from 2003. ChevronTexaco had $13 billion in profits
, up 77 percent from a year ago. BP earned almost $16 billion in profits
, which was up about 25 percent year over year. Finally, ConocoPhillips earned profits of over $8 billion
, also up 77 percent from 2003.Big Oil has given millions to Bush and Republicans
and they are reaping the benefits. As if it is not enough that they are screwing average Americans who work hard and struggle to pay for the higher cost of gas, but Big Oil is also taking millions in taxpayer money in Homeland Security
grants to buy security cameras, fencing, and communications equipment. The government is running huge deficits, does not have enough Homeland Security money to grant to major cities and to protect public transportation, but it gave $65 million to firms which had record profits in the billions of dollars.
I strongly believe in the capitalist system, but when I am warned about oil shortages and to expect to pay more, it does not make sense to me that Big Oil firms should reap record profits - it certainly stinks of gouging. When you are paying $2/gallon to fill up your car and $300/month on your heating bills, remember that you are helping those poor oil companies set new profit records. Well, it really is great to be a FOG.