Thu
Jul 26 2007
09:26 am
By: R. Neal
Net earnings were only $10.26 billion on revenues of $97.6 billion for the second quarter.
Earnings were down a whopping 1%, and ranked only the fourth highest quarterly earnings ever recorded for a publicly traded U.S. company. Clearly Exxon Mobile is slipping. Expect another gas price increase...
But seriously, these are mind boggling numbers. Revenues are on pace to exceed the gross domestic product of Saudi Arabia, or the combined GDP of Ireland and Portugal.
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Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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GDP
This doesn't conflict with your underlying point, but as I read this table, Tennessee's GDP is approximately $207 billion.
Brian A.
I'd rather be cycling.
Oops, too many confusing
Oops, too many confusing commas and zeros. Never mind. (Thanks for spotting that.)