You're being soaked in it

Wow:

Oil companies came under new fire yesterday when it emerged that ExxonMobil's profits are likely to soar above $10 billion this quarter on the back of the fuel crisis.

That's $110 million a day, and more net income than any company has ever made in a quarter. It's also a stunning 69 percent increase over the same period a year ago and a 34 percent jump from the $7.6 billion Exxon made just last quarter.

"Do you realize President Bush has just given a tax break to ExxonMobil?" thundered Rep. Ed Markey (D-Malden). "Of all the companies in the history of the world that needed a tax break, this month, ExxonMobil should be at the bottom of the list."

That $10 billion is more than the initial aid package that Congress passed for Hurricane Katrina, to give it some perspective. But ExxonMobil is a private company and none of that cash is going to help rebuild homes or save lives in New Orleans.

Unbelievable that this administration feels the need to give tax breaks to these guys, isn't it?