Subject: [big campaign] Exxon-Mobil Profits Up 250% Since 2000, American Worker Wages Stagnant
From: Adam Jentleson <[email-masked]>
To: big campaign <[email-masked]>
Date: Thu, 30 Oct 2008 14:20:03 -0400
List-Id: <bigcampaign.googlegroups.com>

The past 8 years havevn't been bad for everyone...

A chart at the link shows the discrepancy between Exxon's profits and workers' wages.

Exxon-Mobil Profits Up 250% Since 2000, American Worker Wages Stagnant<http://wonkroom.thinkprogress.org/2008/10/30/exxon-profits-250/>

The winners and losers of the Bush years are now clear.

Today, Exxon-Mobil announced third quarter profits of $14.83 billion, the most profitable three months<http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/?postversion=2008103009> of any U.S. company in history.

These profits represent annual profits over 250% of the levels at the beginning of the Bush years. Over the same period, real average wages for the American worker have stayed essentially flat, growing only 2% over eight years.

Real median household income was lower in 2007<http://www.census.gov/hhes/www/income/histinc/h06AR.html> (last data available) than it was in 2000, after growing 13% from 1992 to 2008.

These huge oil company profits come even as the American economy has shrunk 0.3%<http://economix.blogs.nytimes.com/2008/10/30/economy-shrinks-as-consumers-cut-back/?hp> and slides into recession.

John McCain's plan to solve this crisis? A budget busting tax plan that would give a $1.2 billion tax break<http://www.americanprogressaction.org/issues/2008/pdf/oil_tax.pdf> to Exxon-Mobile ($4 billion for America's largest oil companies) and give nothing to over 100 million<http://wonkroom.thinkprogress.org/2008/09/15/mccain-will-cut-taxes-for-literally-everyoneexcept-100-million-households/> Americans.

http://wonkroom.thinkprogress.org/2008/10/30/exxon-profits-250/

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