julietteskyerose t1_j7fjlhp wrote on February 6, 2023 at 12:54 PM

Reply to comment by worstatit in So its safe to say as of 2023 theres No more stimulus checks coming right? by ODDBOY90

Just saw a headline that big oil is making record profits

worstatit t1_j7fjow1 wrote on February 6, 2023 at 12:55 PM

Funny how often you'll see that headline over the years.

SomePaddy t1_j7fpzny wrote on February 6, 2023 at 1:52 PM

Thank goodness - I was really worried about those guys with their razor thin profit margins. /s

69FunnyNumberGuy420 t1_j7gnfxe wrote on February 6, 2023 at 5:44 PM

Everyone's making record profits. Cal-Maine Foods owns the big egg brands in our half of the country and they're cleaning up on the current egg prices.
 
https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

 
$1600 directly mailed to the working poor was just too much money, though.

drxdrg08 t1_j7hxpby wrote on February 6, 2023 at 10:37 PM

> Just saw a headline that big oil is making record profits

That's how inflation works.

If inflation was 20% in the last 2 years, but your business is -10% in the same time, you still can set a "record" since it is measured in inflated dollars.

steelceasar t1_j7i940f wrote on February 6, 2023 at 11:55 PM

Does it make you feel good to defend large corporations and the ultra wealthy as they are actively gouging you for profit?

drxdrg08 t1_j7j0xik wrote on February 7, 2023 at 3:27 AM

I'm explaining basic economics, sometimes even basic math.

steelceasar t1_j7j25fu wrote on February 7, 2023 at 3:36 AM

>basic economics

Yes you are, you are attempting to distill complex corporate economics down to the level of a household budget; and then deriving truisms from the comparison. It's dumb and self defeating, unless you are a corporation benefiting from record profits. Are you actually a corporation and thus defending yourself?