Hillary hitches her Veep wagon to McCain’s gas tax plan
May 3, 2008 Leave a comment
From the Times:
Senator Hillary Rodham Clinton’s decision to take on members of Congress over her proposal for a federal gas tax holiday this summer -– “are they with us or against us” –- is tempting fate a bit, as she risks antagonizing uncommitted superdelegates who are members of Congress and who oppose the tax holiday.
Where have I heard that before? oh, right:
“Over time it’s going to be important for nations to know they will be held accountable for inactivity,” he said. “You’re either with us or against us in the fight against terror.”
yeah, because that’s the kind of change we need.
But beyond that, one has to wonder who the “us” is. She must mean her and McCain, right?
Since just about every newspaper and economist in the country has come out against this plan and Obama has already nixed her ‘Dream Ticket,’ I figure she’s finally officially bucking to be on the ticket with Johnny Mac.
it’s not the first time she has done McCain’s dirty work; usually the job of the vice presidential candidate, to help keep the blood off the big dog’s hands. Let’s not forget she has said that she and McCain had obviously passed the commander-in-chief threshold, but Obama – the likely nominee of her party – had not. This despite the fact that she herself has no real foreign policy experience either.
Obama should call Mike Bloomberg, the former-Republican, now-Independent and very popular mayor of New York City (and who said this about the tax holiday: “It’s about the dumbest thing I’ve heard in an awful long time from an economic point of view.”). There’s a formidable change ticket if I’ve ever seen one. Especially up against the Reagan warriors and fellow Goldwater supporters of Johnny Mac and the Hill.
But I digress…
The way I figure it, the McCain-Clinton proposal really is, as Friedman said, “shameful pandering” of the worst kind. As near as I can tell, 18.4 cents per gallon will save someone filling a 15 gallon tank about $2.75 per fill-up. even at two fill-ups a week, that saves about $38 over the course of the summer.
You’d save more cutting two Starbucks visits per week.
And all this to the tune of a $9 billion hole in a federal budget already so far in the red the white house is screening its calls to avoid chinese collection agencies. that $9 billion, by the way, is supposed to go to the highway fund to help pay for our crumbling infrastructure.
Plus, by lowering costs, it encourages people to buy more gas, thereby further increasing the profits of oil companies (Exxon-Mobil just posted its second highest quarterly profit in history, but they are upset because it was below projections. meanwhile at Chevron, profits were up even though production was down.) and encouraging them further. Since this is essentially a capitalist country and it’s already been determined that amercians will pay the current amount, what’s to stop the greedy oil barons from slowly bumping their price by 18 cents, based on the laws of supply and demand?
It’s a bad plan, reminiscent of the old politics of pandering on both sides.
just for fun, let’s also take a look at where oil industry money goes:
The whole thing just leaves me feeling dirty.