tag:blogger.com,1999:blog-6358737.post-23931537099314717382008-05-05T19:41:00.000-07:002008-05-06T20:51:03.350-07:002008-05-06T20:51:03.350-07:00<a href="http://bp0.blogger.com/_h0E3yj60bOU/SB_KRI53vlI/AAAAAAAAB3M/EnKh8XPM6kI/s1600-h/Hillary"><img id="BLOGGER_PHOTO_ID_5197094890805640786" style="DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center" alt="" src="http://bp0.blogger.com/_h0E3yj60bOU/SB_KRI53vlI/AAAAAAAAB3M/EnKh8XPM6kI/s400/Hillary%27s+Geco.bmp" border="0" /></a>Is any body really buying <a href="http://latimesblogs.latimes.com/washington/2008/05/a-nancy-pelosi.html">this scam</a>? Even though you would be hard pressed to find a single rational voice in the media who thinks the suspension of the federal gas tax has merit, the proposal still seems to find traction with voters so hard-hit with the economy, if I didn't know any better I would say they are so bitter, they are clinging on to god, guns, and 30 cents a day of economic relief.<br /><br />Not only is this proposal pandering at its best, the economics of it don't make sense. You can't even justify it with Reaganomics. Many economists have criticized it and made the simple case for why it won't work, but since I'm a Middle Eastern, I'm always expected to weigh in on matters concerning the price of oil. So here it is:<br /><br />1) Hillary, even if she won the elections, would not be a president this summer. So you'd have to wait until next summer, and hope your pocket book is still hurting enough so that you would care about the 30 cents a day.<br /><br /><span id="fullpost">2) Hillary, next summer, should she win, will have to go through congress to make such a proposal happen, and even though capitol hill is full of hypocrites and other jerks, they have enough common sense to say no to such a stupid idea.<br /><br />3) Should this thing pass, gas companies will be able to raise the price to fill that gap, since they have been able to successful squeeze every drop of the consumers' blood so far. They'll raise the price to at lease make up for the charge Hillary would make them pay to offset the lost tax revenue, which by the way is supposed to fix bridges and create construction jobs.<br /><br />4) No body is asking Hillary how she would prevent the oil companies from raising the price to make up for the gap. And if Hillary does have a way to do so, then why doesn't she just employ her super powers to lower the gas price in the first place, instead of suspending the tax. <div><br /><div></div><div>In any case, if 30 cents a day for three months is enough to buy your vote, then you have a hell of a deal here. You don't even have to make the 15-minute phone call.</div><div> </div><div></div><div><em>[Tarboush Tip: Keith Olbermann for the Gecko inspiration]</em></div></div></span>Fayyadhttp://www.blogger.com/profile/00868866776001791979noreply@blogger.com