Tuesday, November 15, 2005

Doyle's "OK Corral" Moment

BagManJim Doyle has requested the appearance of the CEO's from all five major oil companies. They are asked to come to Milwaukee to explain to him, BagManJim, PERSONALLY, how it is that their firms made 'all that money' (about 9% of gross sales) last quarter.

This is so friggin' transparent that it's basically beneath commentary, except to ask BagManJim how much State and local money will be wasted on this asinine enterprise.

My respect for Big Oil parallels Sykes' respect for them--after all, THEY are the ones who jammed MBTE, a known carcinogen, into Wisconsin fuel supplies. They are inclined to be predatory, or at the very least, jerks (you should read the "dealer agreements" as a lesson...)

But 9% of gross is not exactly high.

The "friendly" Insurance Companies (read: American Family, e.g.) make about 11% of gross. The "friendly" Banks run around 15% of gross.

For some reason, it's difficult to tell what % of gross the casinos take in. Hmmmmm. Think BagManJim will call in the tribal CEO's?

1 comment:

Disgruntled Car Salesman said...

And car salesmen are the crooks boasting an average profit margin on new cars of anywhere from 3 to 5% per copy....

I think not.