Presidential Words Of Wisdom!

[stripersnipr]

Originally Posted by ScottC

Ok here is your proof:
Bush owns stock in General Electric, BP, Duke Energy, ExxonMobil, Newmont Gold Mining Corporation, Pennzoil and Tom Brown, Inc.

When profits go up, stock value goes up. Last time I checked Exxon Mobil has seen record profits, effectively putting money DIRECTLY into Geroge Bush's pocket.

There, he has clearly profited, there is no doubt, it is simple economics. Why would someone be inclined to make himself lose money?

Do you have a 401k? If so it is highly likely that you too are profiting from high oil prices.

[ScottC]

Originally Posted by stripersnipr

Do you have a 401k? If so it is highly likely that you too are profiting from high oil prices.

I do nt have a 401k I own my onw business and do not need one.
It doesn't matter anyway, if you understood the piont, you would realize that owning oil stocks is not a bad thing....unless your running the vcountry that is getting screwed my them and you are responsable for protecting our interests. How can someone make a desision that could seriously hurt the price of the stocks he personally owns, and he own millions of dollars worth form the the harken days. He have 600,000 shares that have split and grown a few times.