Monday, May 05, 2008

Enough With Hillary's “Gas Tax Holiday” Bullshit

I have had enough with Hillary Clinton’s bullshit rhetoric about some asinine “gas tax holiday” for the summer. Anyone who has the most basic understanding of how supply and demand functions realizes what complete crap this idea is.

Here is a quick run down:
  1. During the summer gasoline demand is the highest and gasoline production at the refinery level is at its peak.

  2. The current high gas prices work to lower demand by detering consumption, dropping the price of gas by 18 cents per gallon (the current Federal tax level) will lower prices thus encouraging people to buy more and raise demand.

  3. Since production is already at capacity the increase in demand will not raise the quantity of gasoline available to consumers and will instead raise prices completely cancelling out any savings to consumers.

  4. So now instead of using that 18 cents a gallon to build and maintain things such as roads we will just be sending that 18 cents to oil companies.

Summation – Hillary’s plan is complete bullshit political pandering.

On Sunday Hillary Clinton was asked if her plan was endorsed by any economist. She dodged the question but then responded "I'm not going to put my lot in with economists... this mind-set where somehow elite opinion is always on the side of doing things that really disadvantage the vast majority of Americans."

What’s next? Maybe Hillary Clinton wants to start regulating the auto industry and requiring that all new cars receive 300 miles per gallon powered by Care Bear Stares?

But how would this work? Well that’s easy; the collected Care Bears stand together and radiate light from their respective tummy symbols (see above photo). These combine to form a ray of love and good cheer which could be harnessed to power all of our cars of course.

Who cares that those elitist engineers say that it won’t work. Care Bear power is more than capable of handling all of our energy needs, it is just one big elitist conspiracy that is keeping the technology down.

1 comment:

xtra said...

one thing you missed, is that hillary has proposed imposing a temporary windfall profits tax on the oil companies to make up for the lost revenue. So the proposal is pointless, because the economic and fiscal impact would not change. McCain didn't propose a windfall profits tax, just the tax holiday. Obama is the only one with a sensible proposal: to do nothing. If you believe that consumption of fossil fuels is a bad thing, then trying to make them more affordable is foolish. Good for Obama.