Why Doesn't Obama Just Force Exxon to Give Every American 1000 Shares of Exxon Stock?

Question

Why Doesn't Obama Just Force Exxon to Give Every American 1000 Shares of Exxon Stock?

Answer 1

Judging by the direction of it's value lately everyone would complain about how much money they lost.  

Answer 2

Liberals would like that.

Answer 3

He should nationalize oil companies, so that Americans could get cheap gas.

Oil found on American territory is American asset, not Exxon's.

Answer 4

Because it would be illegal and immoral and stupid.   That would destroy the company, as well, and leave us with even less of the commodity we want so much.

Answer 5

he will throught his new taxes on oil companies what him and his fanadical supports don't realize is it will send gas prices throught the roof

Answer 6

Hey, good idea!  In the initial dilution of Exxon shareholder interests that would immediately follow from the issuance of 3 trillion new shares of Exxon, the stock price would go from about $75/share to about $5/share.  Then everyone could sell their shares at an enormous loss.  Every American would have an immediate short-term capital loss of $70,000, which could then be spread out in $3000/year increments for the next 24 years.  

The net result would be a tax savings to each and every American of about $3000/year, and a corresponding reduction in government revenue of $3000 * 300,000,000 = $ 900 billion dollars each year from now until the year 2031.

In other words, the federal deficit would soar, but almost no one would owe any tax money.

AND THAT'S EXACTLY WHAT WE REPUBLICANS WANT!  After all, that's the way we've been running things for the last 8 years.

Answer 7

Why doesnt McCain ? Smart _______!

Answer 8

Um, because EXXON loves money, and any major company would never let someone take there money away.

Think of Donald Trump?  He doesn't do anything with his money, let alone spend it on charities.  He is a spoiled brat that complains bout stupid S**t...

Bill Gates could split his money, give each American $10,000 a piece, and still be ricer then anyone(although number 3 on richest people).

Answer 9

Because he can't force a publicly held corporation to do anything.

Answer 10

So you can steal from the stock holders??  

If you want some, buy your own.

Nationalize the oil companies - Venezuela II. Obama and Chavez are two peas in a pod.

Answer 11

That'd actually be very clever. lol

YOU FOR PRESIDENT 2008