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On the one hand they say prices won't go down that much because Big Oil will jack the prices up and pocket the difference; on the other hand they say lower prices will increase demand. Pick a hand!. No wonder Harry Truman said he was looking for a one handed economist.
Who's gonna cause this big jump in demand, workers skipping doctors' visits, skimping on food? They've got to get to work, so they're buying gas anyway, but gas prices are killing them. Those who aren't hard-pressed are filling up even at these prices. How much more gas will they buy if the price of gas does go down ten or fifteen cents a gallon?
Everyone's against this tax moratorium except those who really need relief. If we can spend nine billion a month in Iraq we can find some way to cover the lost taxes. Where's the "Yes we can," from the Obamacrats?.
Talk of a tax moratorium is just talk. Congress doesn't care and Bush wouldn't sign, but the issue is revelatory nonetheless. Hillary says "Never mind," to the economists. She wants to alleviate the problems of those living on 40,000 dollars or less. Obama, on the other hand, wants to shows us how savvy he is about economics. Given an opportunity to come up with something concrete, he says, "No, we can't!"
I'm with Hillary. posted 05/05/2008 at 02:00:49