Martin: Middle class is a state of mind.

Huh?

Follow this link to hear for yourself.

14 comments

  1. Chris says:

    Ronald – you betcha!

    Go max out your Visa with a new flat screen TV, home theater, and a nice set of leather sofas.

  2. Now to go get a credit card and tie myself into the system even more.

    How about I just go take out a loan? I mean I’m not middle class which means I make plenty of money, right? I’m sure I can get a loan on my truck at least 600% of what it is worth!

  3. Vic says:

    vote Saxby; Exxon Mobile and Chevron need more tax breaks…

    ttm=trailing twelve months…

    Exxon Mobile
    Revenue (ttm): 429.28B
    Qtrly Revenue Growth (yoy): 40.30%
    Gross Profit (ttm): 171.70B
    EBITDA (ttm): 80.00B
    Net Income Avl to Common (ttm): $43.64Billion
    Qtrly Earnings Growth (yoy): 13.80%

    Chevron
    Revenue (ttm): 249.45B
    Qtrly Revenue Growth (yoy): 49.80%
    Gross Profit (ttm): 86.27B
    EBITDA (ttm): 40.24B
    Net Income Avl to Common (ttm): $19.74Billion
    Diluted EPS (ttm): 9.428
    Qtrly Earnings Growth (yoy): 11.10%

    -source yahoo finance

  4. umustbekidding says:

    The profit margin hasn’t changed and it is so low that a normal small business could not survive on it. Funny that no one complains about Microsofts profits, just the mean oil companies.

    It is always “the EVIL rich” and “evil corporations”. The democrats and the media have done a good job pushing this so everyone thinks money is bad and should be taken away from those who make it.
    As Obama says “spread the wealth”.

  5. atlantaman says:

    If you don’t have a home loan, I’d get one right away, since McCain and Obama are jumping over each other in the race to see who will forgive all home loans first.

  6. atlantaman says:

    It is funny that nobody complains about how much Oprah makes, but if your an executive of a big drug company (pharmaceutical it too complex a word for the Democrat base) then you better not make more than $200,000. In the end, the consumer pays for both of their salaries.

  7. umustbekidding says:

    Yep.
    No one wants to pay for the things they need. Stupid people have no problem with actors making 10 million per film but a company that has spent years making a life saving drug better not make anything off that drug. A pro Athlete can have a multi million dollar contract but insuance companies better break even or lose money.
    People will spend money on cigs and beer but don’t want to buy health insurance or pay for child care.
    Take responsibility for your own life America!

  8. AtlConservative says:

    Thank you atlantaman! Well put! And Vic, do you even know what a profit margin is? Also, if the gas companies are so evil and greedy, please provide the profit margins for the last 25 years or so, so we can see if margins actually increase versus simply being an increase in demand…

  9. Vic says:

    Exxon Mobile
    Profit Margin (ttm): 10.17%
    Operating Margin (ttm): 15.72%

    Operating Cash Flow (ttm): 61.24B
    Levered Free Cash Flow (ttm): 49.59B

    Insider Transactions
    http://finance.yahoo.com/q/it?s=XOM

    Chevron
    Profit Margin (ttm): 7.91%
    Operating Margin (ttm): 12.49%

    Operating Cash Flow (ttm): 28.10B
    Levered Free Cash Flow (ttm): 10.40B

    Insider Transactions
    http://finance.yahoo.com/q/it?s=cvx

    -ramblinwreck and atlantaman

    if you had known to divide the net income by revenue, you’d been able to calculate this yourselves without having to consult a fiscally conservative independent.

    your assignment is to calculate the $ value of the stock options exercised by insiders since January 1, 2008…

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