Wednesday, April 30, 2008

Summer Gas Tax Holiday

I really can't fucking stand the Republican Party. Why won't America stop voting for them! What completely confounds me, especially in this election, is that people have no problem criticizing Bush and endorsing McCain in the same breath. It doesn't make any goddamn sense, guys! Politically, philosophically, they are alike; they are both Republicans. Jesus that's such a goddamn simple argument it leaves me looking around for more.

This is just sad. I'm starting right at the top of "Issues" on John McCain's website. This is beginning with "McCain's Economic Plan":

"John McCain Believes We Should Institute A Summer Gas Tax Holiday. Hard-working American families are suffering from higher gasoline prices. John McCain calls on Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day."

What I don't understand is how exactly this will help ANYTHING. First: assume that the gas tax was repealed forever and we STILL have problems - problems like knocking 18 cents off the price of gas is roughly a 5% discount (in today's prices). Have you seen my post two posts down about gas prices? Second: decreasing price leads to increasing demand, leads to increasing price. Third: U.S. consumes 9.3 million barrels of motor gasoline (July 2007). Motor gasoline per what? Per day. Thats roughly 400 million gallons. Per day. The "pissing on a house fire" analogy immidiately comes to mind.

Curious: how exactly will we move towards a balanced budget while this plan cuts revenues by 74 million dollars? Per day? That's only 6 billion dollars lost when you think it through, but it's still twice the amount McCain claims Clinton and Obama ever earmarked. Ever. John, my friend, you have no clue do you? You just don't know much at all. A loss is the same a cost. Read a book.

I'm going to do all of these parts of his various "plans" - just in different posts.

cites:
http://www.johnmccain.com/Informing/Issues/4dbd2cc7-890e-47f1-882f-b8fc4cfecc78.htm
http://www.eia.doe.gov/neic/quickfacts/quickoil.html

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