The president and those on the left love to vilify the oil companies. With gasoline averaging $3-$4, many Americans play right into that vilification and the resulting hatred of the oil companies for their "obscene" profits. The reality is that the oil companies operate on incredibly slim profit margins.
With Mother's Day this past weekend, I got to thinking: What is Hallmark's profit margin on a $5 Mother's Day card? I don't know for certain, but I would be willing to bet that that $5 card costs Hallmark no more than 50 cents to produce.
So...what about Hallmark's "obscene profits"?