The Gas Tax: Where's The Savings?

http://marcambinder.theatlantic.com/archives/2008/04/the_gas_tax_wheres_the_savings.php

The Gas Tax: Where's The Savings?

29 Apr 2008 05:00 pm

Had Barack Obama not interrupted his day to denounce his former pastor, he would have used some new language to describe the gas tax holiday proposed by John McCain and Hillary Clinton.



Economist Jonah Gelbach weighs in:



Gelbach is an Obama supporter; for more analysis that backs up his reading of the inelasticity of oil prices, see here:
http://www.econbrowser.com/archives/2008/04/puzzled.html

Clinton's proposal, of course, would target the windfall profits and would in theory be revenue neutral, depending on how the tax is set up and collected. McCain's proposal would add to the deficit.

Drive less
Slow down
car pool

Supply and demand are going to keep prices up. We have no control over supply. We have some control over demand.

I was there. He also pointed out that at 18 cents a gallon, most people would see approx $9.00 a month in savings, for about $28 for the summer tax "holiday." His figures jibe with mr liberty's, who calculated how much we'd save when McSame first announced this silly plan.

As Obama pointed out, this limited tax break would only save a motorist 30 bucks over the course of it's run. Rec'd so that folks here can see the carnival barker style of this.

Yes it is a gimmick but people don't care if it's a gimmick. Barack has already said he does not support a tax break on gas for the summer. What he needs to do is come out and say what he would do with the present gas tax for a more important solution. I suggest he go public and present a plan using the present gas tax to synchronize traffic lights via computer. This already is being done on a small scale which improves drive time and cuts down on stop and go driving which is the biggest waste of fuel while driving. Another suggestion is to implement "roundabouts" which do away with the four corner stop signs and/or red lights which slow down traffic. This works best with new road construction. These are ideas that most people don't think about and if presented especially before next weeks primary show that Barack is thinking ahead of the curve and cuts Hillary off at the pass.

Its a fraud, and pandering, and HRC knows it. The scary part is I really don't think McLame does.

If you are trading crude oil on the commodities market, you are arrested, tried for treason, and if convicted, you are sentenced to death.

Problem solved.

That is the root of this problem. Oil companies are making such a profit because it costs them $.50 to get the stuff out of the ground, and then they "sell" it to their own refining operations at the commodity rate. In the mean time, jackasses with more moeny than they know what to do with are running up the cost of crude to make a dollar on the backs of their fellow Americans. And to top it off, light sweet crude is coming from terrorist supporting nations like Saudi Arabia, which get to rake in the profits off their oil fields, again, because of commodity traders.

that FEd, State, Local (County).....How do you get them, to give up the cash cow?

http://www.huffingtonpost.com/2008/04/29/gas-tax-holiday-splits-cl_n_99296.html

Both McCain and Clinton are pandering, pandering to the have-nots. Have-nots=lacking in gray matter betwixt the ears.