Friday, August 01, 2008

Powers camp hits Davis on oil profits ... again

I got the following press release from the Jon Powers for Congress campaign:

JACK DAVIS PROFITS FROM BIG OIL AGAIN


Exxon Mobil Reported Almost $90,000 a Minute in Second Quarter Profits


WILLIAMSVILLE, NY – The Powers for Congress Campaign again questions Jack Davis regarding his commitment to reducing the price of gasoline in light of his $35 million in Big Oil and energy stocks. According to his own records, he has profited up to $288,000 off of Big Oil's record profits.


Today Exxon Mobil announced their highest financial quarter yet, posting profits of $11.7 billion. That's almost $90,000 per minute.


"Exxon Mobil and Jack Davis are making record profits while we're paying $4.25/gallon at the pump. The fact that Jack Davis is bankrolling his campaign with money he made from Exxon shows how out of touch he is with everyday Western New Yorkers," said John Gerken, Powers for Congress Campaign Manager.


Last month Powers released his energy plan for Securing Our Energy Independence. He has called for increased investment in renewable energy sources, curbing corporate greed by reigning in oil speculators and forcing oil companies to lead by example.

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I talked with Jon about this tactic on Monday and told him I wasn't sure it was all that logical to hit Davis on owning oil stocks. Of course, CONgressMAN Tom Reynolds used Davis' stock portfolio against him in the last two elections with some success. But would the Powers camp prefer that Davis only invest in stocks that DON'T make money? I mean, really. If you have millions of dollars ... and you're NOT invested in oil right now ... I'd have to question your judgement.

The real question is whether voters will see it that way or not. We'll find out in just under a month.

Note: I'm trying to get Powers in studio next week (on either station) to sit down for an hour and take questions from callers.