Obama: Sweetheart no bid deal for HALIBURTON after campaigning against this

[Mathguy]

Originally Posted by chielgirl

Do explain your reasoning.

In general they are referring to the simple fact that if you spend $100 on gas, about $5 or so will end up as an after tax profit to a company like Exxon while the Federal govt will get a much larger amount of money in the form of federal gas tax, federal income tax and various other tariffs, fees or indirect taxes like the income tax of the workers that had to be paid out of the $100.

I'm certainly not arguing that there shouldn't be these taxes but it's funny how back in 2008 when there was the oil company witch-hunt the sheer hypocrisy of all these politicians sitting around moaning about "record profits" and "Bush's oil buddies". It was grandstanding to stupid people and not shockingly, they didn't do anything beside posture for 2008 votes.

State, local and Fed govt. get something like $40 or so out of the $100 and they are putting the blame on the guys making $5.

[Mathguy]

Originally Posted by jmqueen

What else do you call arming civilians for hire to replace the military?

That gets rather grey IMO as at what point is a guy a mercenary or private security guarding oil facilities?

Regardless of what people decide to call them, you are indeed correct that Halliburton is one of the big providers of them in places like Iraq.