Off-Topic: Profits VS. Profit Margins

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	Name:	Swimmer27 -
	Subject:	Profits VS. Profit Margins
	Date:	11/4/2008 4:17:12 PM

Exxon made about 8% profit last year. That is single digit profit margin. Lets see you start a business and make it survive with a single digit profit margin. You couldn't. There are so many businesses/industries that operate on so much higher margins as to make this whole argument ludicrous. Another thing, North America sales are only about 5% of Exxon revenues. So what is the big deal if they make profit? Profit makes the world go round. I will have to give it to the dems, they have done an excellent propaganda job on the American public.

I can't remember which hedge fund Chelsea Clintion was working for before she took LOA to work on her moms campaign, but I do remember that the company had a profit margin of approaching 90%. Nobody demonized them.