Ok, the next time someone asks me why I like Obama, I have a good one for them. Besides his 'inspiring speeches', there are just some things that make sense and this is one. Hilary and John McCain BOTH are lining up for the gas Tax holiday. But did they think it through?
Well, Obama said something about this, and even put the issue upfront in a campaign ad. But I what drives me crazy and contributes to those days when I am "on the fence" is this... WHY did he stop short. WHY didn't explain to people the repercussions. It would not have taken too much more time to add "lower prices mean people would buy more gas. And if people buy more gas it increase DEMAND. And increased DEMAND would increase price PERIOD." SO, tell them Obama. Yes, people would save $25-$30 over the course of the summer, but in the end, the price of gas could go up beyond what you saved, and STAY at that price!
NPR Story on Can Washington deliver Lower gas prices. And Would the Gas Holiday Work? Like, hmmmm, do you know where the tax money on gas goes anyway? What impact is your 'holiday' going to have on our infrastructure? Think about it!
This COVERS is ALL!
This is Economics 101 people!! We rely on our elected officials to be informed!
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