Letters to the Editor
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Why didn't that knuckleheaded reporter ask Mccain
what he felt was the total savings to the average driver? Isn't it like 30 bucks? What a bunch od idiots. Not only would we be borrowing the money from China, and handing it back to the country that has brought us a ton of insurgent car bombers, as soon as the oil companies realize Washington is not going to collect the tax, they'll just gouge us a bit more and the gas station owner will pick up the remaining savings but not lowering his cost in an honest manner. No one's being real here. What a FUBARED country...
McCain is a bafoon.
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I'm sure...
He pilots the wife's corporate jet...wonder if corporate jets will get a fuel tax break.
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leave it to a military man
he understands that in times of war, you want to cut the funds that go into the government which funds our military, so that we can send more to the Arabian governments who fund our enemies.
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"I'm sure He pilots the wife's corporate jet"
Let's hope he's a better pilot now than he was back in his military days.
It's hard to tell whether he sounds completely out of touch or senile.
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But There's No Break
There's no break. Not for low-income, or middle-class or anyone else. The only people who will make out under his plan are the shareholders and boards of oil companies. That's about it and they'll make out very well indeed.
Personally, I don't think McCain understands the issue. I know Hillary does and it bothers me that she would go to such lengths as a publicity op to underscore her duplicity.
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What about the "tax rebate"?
Isn't almost everyone in the country getting $600 in the next few weeks? That will help pay the increased cost of gasoline. I know it's political suicide for any one in office to say this, but we raided the tax cookie jar once already this year. Isn't that enough for our kids to pay for? I wish, just once, that someone with a larger stage would make the argument that these stupid "build the deficit/starve the infrastructure" schemes are not only pandering, but they are saddling future generations with unjustifiable debt.
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Obvious??
Because it's estimated it will cost about $9 billion or $10 billion for this gas tax holiday, and many people believe that the oil companies would never fully pass on that savings to the American people?
MCCAIN:Well, first of all, obviously they would have to.
Waitaminute. How is this even approaching "obvious". Let me see if I can follow this through:
Step 1: Gas tax holiday lowers price at the pump by $0.18 per gallon.
Step 2: Lower price drives up demand for gas
Step 3: Higher demand drives up price
Step 4: Profit for the oil companies!
Step 5: Gas tax holiday ends, and the price at the pump is higher than ever.
And, as far as I can tell, there's no good way to make up the revenue shortfall from the tax holiday.
Soooooo... this seems to be a scheme where literally NOTHING good can come of it. Why is this idea even being proposed? Do McCain and Clinton actually think the American people are too stupid to see through such a transparently crass ploy for votes?
Um... wait, I may have just answered my own question there...
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"Well, first of all, obviously they would have to."
It's good to be a conservative. You don't have to worry about facts, you just assert whatever you want to be true, and the press doesn't bother checking.
"Obviously", it is the opposite. As Krugman points out, when you have a good with very low short-term price elasticity and fixed supply (refineries are at full capacity in the summer) the price will rise to the level of demand -- take the tax out of the equation and the price rises to compensate.
Even conservatives, whose undestanding of economics usually doesn't extend past the first half of Microeconomics 101, should get this.
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Saw the Interview.
McCain's approach to problem-solving is as thin as cigarette paper.
The "limousine liberal" bullshit sure doesn't win him any points either.
Worse than Bush? Maybe.
The last thing we need in the WH is another pandering stroke.
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BULLSHIT BULLSHIT BULLSHIT
None of these people breathing the rareified air of political office (and I mean ALL of them) or as an MSM talking head has seen a gas pump up close in the last ten years. (oops I forgot Hill's photo op).They have "people to do those chores for them and will never have to choose between food on the table or gas in the tank. Lets see..minumum wage @ $6.55 times 40 hours before taxes = $262.00 and an average gas tank 18 gallons @ $4.00 = $72.00 I sure hope those poor suckers get a second job or find a way to walk to work.
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first of all, they'd "have to"
Is Senator McCain delusional or just willfully blind. He says he wants to give Americans a gas-tax-holiday and then responds to a question from John Roberts about whether the oil companies would even pass along the savings to consumers with they'd "have to."
And what, dear John, is that based on? When you pass the gas tax holiday are you also going to cap the price at the pump for the entire summer? Because if you *just* did that, Americans wouldn't need the gas-tax-holiday you propose. Otherwise, I'm thinking the laws of supply and demand will still cause the price of gas to go up during the holiday. Your marketing gimmick should be exposed as just that...and there's no straight talk in this gimmick, Senator McCain.
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"And I understand in New York City that you don't really drive a long way most of the time. But -- and then maybe you're chauffeured."
Translation: "Shut up, just shut up, you....you....NEW YORKER you!"
Maybe he figures this is a cute line that will resonate with people from Cow Pie, Texas and Fritters, Alabama and Serutan, Florida. He may well be right: "heh heh, thass tellin' `em!"
It kind of reminds me of when he remarked a few years ago that the "advantage" of Alzheimer's disease is that you can hide your own Easter eggs. And that the way to keep the American economy going is that when Alan Greenspan dies, we should have him stuffed.
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Hillary. Hillary, Hillary, Hillary, Hillary, Hillary, Hillary, Hillary, Hillary, Hillary.
Like McCain, she's proposed a summer gas tax holiday. Like McCain, her spouse is a millionaire. So's she, as a matter of fact. And more than McCain, she's spent more time in Manhattan limousines than Katrina Van den Heuvel, Frank Rich, Maureen Dowd and Elliot Spitzer's call girls, combined.
So Hillary was feeling left out of this debate and she asked me to mention her name. Consider it done, Hill!