Late-Breaking Bad News

Photo by Flickr user XISMZERO used under a Creative Commons license

Senator Jay Rockefeller has confidently predicted that immunity for the telecom corporations who participated in the NSA domestic spying program will be approved by Congress. How is he so confident? Because he's a sponsor, and he made sure the bill was swiftly approved through his committee.

Thanks for nothing, Democrats. And Senator, fuck you and your family. You're one of the only "Democrats" in that corporate-sponsored family anyway.

"I think we will prevail," Senate Intelligence Committee Chairman John Rockefeller, a West Virginia Democrat and a chief sponsor of the bill, told reporters.

Who the fuck are "we"? We're not AT&T, Verizon, or Sprint (the three companies which stand to be protected by the bill). We're being spied upon by the Bush junta. "We" are fucked. Would it surprise anyone that AT&T has contributed $20,000 to Jay Rockefeller in the last 6 months (up from $300 in the previous 6 years)? He also voted to repeal habeas corpus. And he was one of only two Congressional Democrats briefed about the administration's torture policies. Also, he knew about the CIA torture videotapes before they were destroyed, but doesn't support a Senate investigation of their destruction, saying that it is up to the CIA to investigate itself. Like I said....fuck him.

Not all Democrats are against their own constituents. Russ Feingold, Barbara Boxer, Patrick Leahy, and Christopher Dodd are going to try to stop it. Please support Senator Dodd in his attempt to stage a filibuster that would kill the bill on the Senate floor. He was able to block it on December 17th. But with Harry Reid and Jay Rockefeller pushing it through, I don't think he can stop it again.

And in other news tonight, if you own oil or gold, you are sitting pretty. Note, I didn't say you are sitting pretty if you own oil stocks. Although some oil stocks are doing quite well. One is Exxon Mobil. The street is getting excited because it is expected the Exxon Mobil will report a new record for biggest annual profit ever for any corporation. If they report 4th quarter earnings of $10.37 Billion as expected, they will have made $39.2 Billion for all of 2007, a new record. That would mean that Exxon collected $75,000 in profits each minute of calendar year 2007. If Exxon Mobil beats street estimates, it could even beat its own record for largest quarterly profit ever.

Exxon is likely to have record quarterly earnings," said Fadel Gheit, a senior energy analyst at Oppenheimer. "For every $1 [increase] in the price of oil, Exxon makes [another] $125 million for the quarter.

Now contrast that to your current economic situation,and how much you pay for gasoline. I think most of you would be a little upset. Considering the pinko-commie content of this blog, and you're still reading it, I think you would be.

Her's a question, do you think the Supreme Court is going to let a the $2.5 Billion in remaining unpaid punitive damages stand for the 1989 Exxon Veldez oil spill when it rules on the case this year? They took the case. You know what that means....the fix is in. At least Justice Alito has recused himself from the case, because he owns an estimated $200K in Exxon Mobil stock.