Quick! Invade McCain's head! Drill it for oil!

/DRTFA

I'm still looking for the part where the POTUS is supposed to have anything whatsoever to do with the economy.

After all, gas is something only the little people have to worry about.

Wow. Subby really took that statement out of context. McCain is saying that repealling the 18 cent gas tax for the summer really isn't a whole lot of money but it's a psychological boost at least. 18 cents isn't a whole lot but it makes you feel better knowing your not paying 18 cents in tax on top of already high gas prices.

Epic fail for troll submitter.
/and I hate McCain

daimlerneon: Wow. Subby really took that statement out of context. McCain is saying that repealling the 18 cent gas tax for the summer really isn't a whole lot of money but it's a psychological boost at least. 18 cents isn't a whole lot but it makes you feel better knowing your not paying 18 cents in tax on top of already high gas prices.

Epic fail for troll submitter.
/and I hate McCain

er....
FTFA
"MCCAIN: I'm very concerned about it, Neil. And obviously the way it's been going up is just terrible. But I think psychologically - and a lot of our problems today, as you know, are psychological - the confidence, trust, the uncertainty about our economic future, ability to keep our own home."

I think subby was right on.

/I'm not subby

FTA: Let's have some straight talk, it's not a huge amount of money. But it might be nice to be able to save a few bucks and maybe buy something else the next time that they have to fill up their gas tank and say, "You know I'm going to be able to afford that little expense now."

It is not a huge amount of money. It is about $2.50 for the average car, $3.00 for the average truck in taxes.

If you can't afford $3/week in federal gas taxes but yet you can afford an SUV or large sedan, YOU FAIL.


/how many of those people complaining drink bottled water, soda or energy drinks?
//how many of those people have non-basic cable television and/or non-basic broadband access?
///how many of those people are driving anything other than a base model automobile?
////try being unemployed sometime. You find a LOT of things to cut very quickly, and it adds up to be a lot more than $3 very quickly

C'mon guys this is pandering. Grandpa wants to give you five bucks before the election.

McCain in the membrane
McCain in the brain

Hobodeluxe: Grandpa wants to give you five bucks before the election.

Funny. Better than taking $5. I also get a laugh out of the ads complaining roads will go to shiat. Not one penny of that money goes directly to roads. There's a LOT of shiat the government needs to cut before I worry about affording my SUV, Dinjiin. Dumbass.

OregonVet: I also get a laugh out of the ads complaining roads will go to shiat. Not one penny of that money goes directly to roads.

Uh, yes it does. It goes towards federal highway projects and mass transit programs.

OregonVet: Dumbass.

OregonVet: Not one penny of that money goes directly to roads.

According to U.S. Secretary of Transportation Mary Peters:

60% of the fund goes directly to pay for bridges and roads
10-20% is going to completely non-transportation related earmarks
the remainder is going to other transportation projects such as mass transit grants

Wow. So she is obviously a liar. Right?

Dinjiin: Wow. So she is obviously a liar. Right?

It goes to the general fund. The fact dollars are spent on projects is not a reflection of dollars collected. If the gas tax was cut and they started saying you'd have no road to drive on it's a threat. If they ACTUALLY spent that money on roads they'd say, "OMG the pet project I have going on is going to die!"

Ever meet one person the cigarette lawsuit benefited? Yah, all that money- gone.

OregonVet: Ever meet one person the cigarette lawsuit benefited? Yah, all that money- gone.

class action lawsuits like that aren't meant to make a victim rich. it's to punish the tobacco companies. this is a deterrent to the next corporation who tries to pull the same thing.

way to miss the point.

my wife says gas is in another part of my body

And then the price of gas will go up 30 cents.

OregonVet: Hobodeluxe: Grandpa wants to give you five bucks before the election.

Funny. Better than taking $5. I also get a laugh out of the ads complaining roads will go to shiat. Not one penny of that money goes directly to roads. There's a LOT of shiat the government needs to cut before I worry about affording my SUV, Dinjiin. Dumbass.

So in other words, your shiat don't stink because the government's shiat stinks worse.

Hobodeluxe: way to miss the point.

Way to spin it. I know it wasn't going directly to the smoker- it was presented as if the money was going to defray state cost to supporting uninsured/underinsured smokers. Punitive lawsuits is a threadjack, agreed. But if you think your road is going to fall apart because the gas tax goes away, you're wrong. Although, I support any kind of use tax- as long as that's the only tax. It's really the only way to be fair.

While the federal gas tax is somewhat clawed back (tourist earmarks, pedestrian and transit projects), more general revenue dollars than that are spent on maintaining streets, roads, and highways.

You could make the argument, as does OregonVet, that all revenue is fungible (it doesn't matter where it comes from).

But, gas taxes neatly assign blame for road construction costs on those who use the roads more. Without them, those of us who drive less subsidize the roads that are more utilized (and additional lanes needed by) the people who drive more.

so dropping the price of gas all the way back down to March 2008 prices is a psychological boost. fair enough. when tax free gas rises to 3.40 a gallon, what will be the psychological impact of reinstating the tax?

Lawnchair: But, gas taxes neatly assign blame for road construction costs on those who use the roads more.

Except in the case of hybrids and other gas-saving vehicles. They need to make up for it somewhere. I noticed a luxury tax on Cadillacs at an auto show a few years ago. Yet there's not a way to make up the difference for a vehicle that tears up the road and uses less gas.

Of course what he said was the truth. however the (R) changes everything.

At least he won't use the Obama "clarification" defense later on.

Remove all Republicans: Yep. They know that people will pay for $3 gallon gas without question. Our gas prices are never going down again. Big Oil wins again.

Hi, yes. Welcome to reality.

Demand is constantly increasing, supply is constant or contracting. What do you think prices are going to do?

Raise gas taxes, morans. Make it $8 a gallon. Repeal the income tax (or something).

We'll all have the same amount of money in our pockets at the end of the week, and it'll make damn sure alternate energy, mass transit, etc all really work.

lolmao666: Here in Canada it's about 4.75$ a gallon. So stop whinning.

But that's a Canadian gallon, bought with Canadian money?

Remove all Republicans: ConservativesBlow: And then the price of gas will go up 30 cents.

Yep. They know that people will pay for $3 gallon gas without question. Our gas prices are never going down again. Big Oil wins again.

Demand goes up, prices go up.
Demand goes down, prices go up. Basic econ, huh?

A Republican will tell you "It's your choice to use so much gas!"

Yeah? Sucks that I choose to heat my home half the year so I don't freeze to death. Sucks that I choose to cook my farking food. Sucks that the only cars that get any kind of decent fuel efficiency cost 30,000+ after taxes.

Unfortunately no one wants to even look into this bullshiat, and now we have these Conservatards trying to tell us that the problem is all in our heads. It's like they forgot what an unfettered free market does to people. Has it even been 100 years?

OregonVet: If the gas tax was cut and they started saying you'd have no road to drive on it's a threat.

Of course it would be a threat. The federal government could theoretically allocate funds from the general budget to make up for the shortfall in the US Highway Trust Fund.

However, fuel taxes are essentially a use tax. I'm the kind of person who believes that if you use the road, you should pay for the road. Which is why I think that we should be drawing LESS from the general fund, which I consider a use subsidy, and MORE from fuel taxes.

Furthermore, hybrids are such a small percentage of the driving public that the loss of funds from them barely make a difference. By the time that they become a significant number, we could have a completely different system for tolling in place.

And Hobodeluxe is correct. The tobacco lawsuits were punitive in nature. The fact that the states pissed away the money is inconsequential to the purpose of the lawsuits.

USP .45: Of course what he said was the truth. however the (R) changes everything.

At least he won't use the Obama "clarification" defense later on.

Tinkerbell economics FTW!

USP .45: Of course what he said was the truth Alzheimer's related dementia. however the (R) changes everything.

FIFY


BTW, you can't be a "deficit hawk" & then introduce irresponsible tax cuts during wartime...

Dubya's_Coke_Dealer: Raise gas taxes, morans. Make it $8 a gallon. Repeal the income tax (or something).

We'll all have the same amount of money in our pockets at the end of the week, and it'll make damn sure alternate energy, mass transit, etc all really work.

And make sure a bunch of people aren't around to see any of it, because at $8 a gallon, people are going to start whipping out the firearms.

USP .45
"Of course what he said was the truth. however the (R) changes everything.

At least he won't use the Obama "clarification" defense later on."

He was right about the fact that it's psychological, had he stopped at that I'd have given him props. Gas prices have gone up less than food prices, but you don't see the price of red bell pappers posted on big signs at every street corner.

McCain is completely wrong when he advocates for the repeal of the gas tax. Besides the fact that it's cheap pandering, and the fact that our transportation infrustructure needs MORE funding(not less), the only way we are going to end our dependence on oil is if it ceases to be the cheapest option. People in America should thank their lucky stars they don't have to pay European gas taxes.

Gee. McCain sounds kinda....oh...what's the word....

ELITIST!!

/Oh the irony of politics

Oh yeah, it's all in my damn head. Because gas prices are so freaking high I have begun doing side jobs (handyman repairs) for the neighbors on Saturdays to cover it. It's where the money goes, directly from them to the damn gas pump. If I didn't do the extra work, I would have to dip into my savings to cover the costs. If I have to do this in the fall and miss watching college football on Saturdays because of it, I will be one very unhappy camper.

And the outrageous rate hikes in medicine and medical insurance has caused a temporary crisis in my small business, where we recently had a meeting to discuss whether to drop the medical coverage or lay a couple of people off. We ended up dropping a couple of workers, a very painful thing for me to do. I suppose that's all in my head as well.

The more that time goes on, and the more I listen to McCain, the more I see that this sorry cocksucker is going to be just the same as Bush, completely out of touch with what is going on in America, and making decisions based on fabricated think tank propaganda.

And horse manure like this doesn't help his cause any.

dangelder: lolmao666: Here in Canada it's about 4.75$ a gallon. So stop whinning.

But that's a Canadian gallon, bought with Canadian money?

Canadian tire money?

'bout 8 bucks a month here. Thanks big John, but not really helping at this point. Just feels like an offer of a handshake when you just lost your arm.

http://blogavad-gita.livejournal.com/18981.html



This guy is more delusional, he thinks that high gas prices are not the real crisis but rather the shifting of the tectonic plates due to alternative energy.

lolmao666: But that's a Canadian gallon, bought with Canadian money?
It's all converted. 4.75$US a US gallon in Canada.

That's what I was aboot to post.

Full Transcript:

CAVUTO: I think you know, Senator, we've been in and out another all time high for oil and gas prices today. Oil hovering around 113, 114 dollars a barrel. Many are sort of jumping on your proposal to nix the federal gas tax - a little north of 18 cents - throughout the summer. Are you afraid though, by the time we get to the summer, we'll be up that much and more in gas prices?

MCCAIN: I'm very concerned about it, Neil. And obviously the way it's been going up is just terrible. But I think psychologically - and a lot of our problems today, as you know, are psychological - the confidence, trust, the uncertainty about our economic future, ability to keep our own home. This might give them a little psychological boost.

Let's have some straight talk, it's not a huge amount of money. But it might be nice to be able to save a few bucks and maybe buy something else the next time that they have to fill up their gas tank and say, "You know I'm going to be able to afford that little expense now." A little psychological boost. That's what I think it would help. But we also, I think, we need to stop competing for a limited supply, as far as the Strategic Petroleum Reserve is concerned. Let's just stop buying that as well. But it might be a nice thing to happen.

Hey how about the Democrats say that there going to win the election?

They can't, they can't choose between two people. Which is why McCain is gaining on them.

When McCain is elected, at first people will grumble over the idea, but towards the end, everyone will be happy to see how great McCain was as a president and how he restored the United States as becon on light and hope for the world.

McStinky: 'bout 8 bucks a month here. Thanks big John, but not really helping at this point. Just feels like an offer of a handshake when you just lost your arm.

That was sort of McCain's point about it just being in your head.

Sort of like all those idiots that drive all over town to save 3 cents a gallon on gas. Yeah, thats stupid too.

BTW McCain and bite my ass for McCain/Feingold and other crap legislation. I will not vote for him but when talks about repealing the Federal Gas tax for a bite, he is 100% dead on that it is just a feel good measure. Much like the tax rebates we will be getting later this year. Yeah, I can put the money to good use, but it won't put the economy back where it was.

McCain: Let's have some straight talk. Some of the problems you might have noticed we are or are not maybe having might be in our heads. I'm a deficit hawk. Is anyone keeping some kind of track of what may or may not be a confidence, a trust, an uncertainty? A kind of psychological smoothing. We'll be in Iraq for your children's entire lifetime.

Funk Brothers: When McCain is elected,

It's a good thing McCain is a liberal Republican.

Sun God: Funk Brothers: When McCain is elected,

It's a good thing McCain is a liberal Republican.

What do you mean, Sun God?

Funk Brothers: When McCain is elected, at first people will grumble over the idea, but towards the end, everyone will be happy to see how great McCain was as a president and how he restored the United States as becon on light and hope for the world.

We'll see. So far he just look like 8 more years of the same. He's closer to the left on global warming, but on any other issue I'm just not seeing a lot of promise for any type of "restoring" at all.

Funk Brothers: Sun God: Funk Brothers: When McCain is elected,

It's a good thing McCain is a liberal Republican.

What do you mean, Sun God?

He doesn't know what he means, he wants you to know what we means. All he can do is jumble together some important words in new ways. It probably feels like he's thinking, to him.

Remove all Republicans: We should take a windfall-profits tax and if it drives some out of business, fine. It's another putative hit for colluding and screwing us for so long.

The problem is, the more you tax them, the higher they will push fuel prices in order to retain their margins.

The only way around the issue is to nationalize the fuel industry and spin it off as a non-profit independent government agency, not unlike the USPS. However, that brings its own set of demons.

Remove all Republicans: if it drives some out of business

Yes, because taking an industry that's already highly monopolistic and making it harder to compete is brilliant. The solution, of course, is to tax their profits from fuel sales, but subsidize plastics- a far more important use of oil. The net result will be more investment in alternative energy.

Dinjiin: The problem is, the more you tax them, the higher they will push fuel prices in order to retain their margins.

NO! Economics FAIL.

The cost of production does not directly correlate to the price of the end product. Price is set at "what the market will bear". Since fuel is pretty crucial, that price is very high, but the costs are not factored in.

If taxes get so steep that they can't make their margins, they can't raise the prices higher than the public will accept. Since fuel is pretty critical right now, that's a really high price. But it's not a viable long term solution- you can't bankrupt your customer base.

What in the name of Jesus H. Christ are gas prices doing in my head?

/Don't mean to perpetuate the Crazy Vietnam Vet meme, but there's no way to make this reference without it.

I just wish someone would explain how when demand does indeed go down, the price goes up anyway.

None of the Big Oil apologists can explain this away.

Edsel

Come on, McCain is no way in any shape or form like Bush. Do you know that were still in Germany and Japan after 62 years following World War II? And the first ten years wasn't a walk in the park at all. We're trying to prevent Communism from taking over those two countries. Plus we had to infuse cash to restart their economies. I mean if the Democrats in 1980 said that Reagan would be like Nixon, we would still be burning wood stoves at a stagnant economy watching the Soviet Union get rich over China and India's demands for oil at a lower price, winning the Cold War.