Exxon's 1st Quarter Profit Soars to $8.4 billion

And that's just Exxon. That doesn't account for the profits of all the other petroleum corporations. Meanwhile, Bush plans to slash only a mere 200 million a year from the billions (ie, many thousands of millions) of annual taxpayer subsidies to the petroleum industry, otherwise known as corporate welfare, while hundreds of thousands of poor American children continue to go homeless. This is shameful. Bush's 200 million is but a tiny faction of one percent of the petroleum industry's profits. In other words, Bush's proposal does nothing but let the petroleum industry continue to reap mega-profits, a hefty percentage of which is over and beyond the pump value since those profits are subsidized, in part, by taxpayers. Is this what America bargained for when she let the petroleum-industry-incarnate occupy the white house?