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 Gas Tax Holiday: Some Ramblings and Musings
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Posted on 05-04-08 7:45 PM     Reply [Subscribe]
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Having seen months of tussle between Obama and Hillary for the democratic nomination for the presidential candidate, to me, these days, the race looks nothing better/more than a minuscule brawl between an irritant dog and an equally exasperating kitten.

As most of you, who have been seeing this race with a close-up lens, must have realized by now that there is NO major idealogical differences between the two candidates. Most of these so-called debates between them, apart from one or two issues, represent nothing really of a substance other than petty differences using race/gender/emotion and other cheap cards so to speak.

Rather than the kind of great ideological contests we've seen in the past, like those between Carter and Kennedy or Gore and Bradley or Kerry vs. Dean, where there have been real differences on the big questions that face the country, Clinton and Obama have relatively small differences on actual issues, and instead are running on biography and character, change vs. experience.

Now what's with this dispute over Gas Tax Holiday this summer?

Clinton and McCain support the idea of lifting the 18.4 percent federal excise tax for the summer driving season, saying it will give consumers much-needed relief from soaring gas prices. Obama opposes it, saying his experience with a similar move in Illinois shows that the oil companies won't pass the savings on to consumers, and it won't encourage conservation. It will in fact end up giving benefits to the oil dealers themselves rather than the customers.

########

If you ask me, this is more of a political move by Clinton to win favor from the voters (a considerable number of whic are still undecided especially after the Rev. Wright's issue that somewhat, dare-i-say, deteriorated Obama's otherwise reasonably irreproachable image until then) in the upcoming primaries in NC and IN.

Clinton claims to make up for the lost revenue for the state and nationwide by imposing "windfalls profit tax" on oil companies. It's a no-brainer to come to a conclusion that her claim is not only economically non-viable but juvenile and stupid to say the least in expecting the oil companies to pay out of their own pocket when hit by this tax.

So who's going to suffer? We, the customers. It's a vicious cycle!

The big question is: do average Americans (especially voters from NC and IN since they are going to be in action shortly) understand the downside of Clinton/McCain's so-called idea?

But believe it or not, Clinton might as well clinch few votes in her baggage with this as no matter how stupid her claim may sound on economic grounds, politically (for the people), it does sound alleviating amidst the skyrocketing trend of gas price over the past few weeks.





 
Posted on 05-05-08 11:58 AM     Reply [Subscribe]
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Desperate pandering on Hillary's part?



 
Posted on 05-05-08 12:08 PM     Reply [Subscribe]
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ha ha ha Gas tax ain't nothing but GAS. How U doin' Loots ?

Ain't nothing but a Gas Thang bebe !!!

 
Posted on 05-05-08 12:20 PM     Reply [Subscribe]
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hahahaha BC, intestinal gas? HAHAHA
politicians are same everywhere, ain't they? :D

me doing great. hope alls well at your end too
 
Posted on 05-05-08 6:47 PM     Reply [Subscribe]
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What else does Hillary have as a 'new' plan ?

She just presses the 'panic button' with a imperial belief that something might work. I am already tired of the cheap propagandas churned by the clinton machine. This new " Gas Tax Holiday" is another  gimmick (frustratingly it won't be the last one) to garner the popular votes. The saving would be minimal and eventually benefit the oil sharks.

BTW, it's not her original idea. She copied it from McCain.  Maybe she 'misspoke' about it.  The plan simply doesn't work if you analyze the supply-demand of the oil. Furthermore,  they (including McCain) have to learn from the failure of the similar proposal in Illinois. I hope people would be disillusioned about this pandering with which Hillary tries to bag the swing votes in the remaining states.  I am waiting for the day when the final nail would be hammered to her presidential campaign.


The follwing is the link which dismisses the proposal. More than 200 economists have criticized the plan. http://www.bloomberg.com/apps/news?pid=20601087&sid=aTzCmqCNyLho&refer=home


 
Posted on 05-05-08 7:04 PM     Reply [Subscribe]
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right on BB. first off, the idea of the gas tax holiday is asking for a huge debt for the nation in a short run. secondly the windfalls profit tax is not gonna make up for it. and where is hillary gonna take money from for other causes like energy conservation where she previously planned of spending the windfall tax for? third and the most important, she/mc cain are not going to be able to pass this from Bush's government as Bush himself opposes it vehemently. so all in all, this is nothing but pandering.

another thing: from the trends of primary voting so far, what i have come to realize is that most of the supporters, whether they be of Obama or Clinton, are not going to leave their camps even with all these issues popping up every week. i think even the rev. wright's issue is not going to make Obama lose his previous base voters. the increasing swing voters could be of a little concern for him though at the moment. but i don't think voters who have supported him zealously so far will leave him just like that.

interesting tally for tomorrow though.

my take: NC for Obama and IN for Hillary. (although hoping Obama clinches both states)

Last edited: 05-May-08 07:13 PM

 


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