Friday, August 1, 2008

Really?


Earlier this spring Obama dissented from both Hillary and amazingly McCain when he said that he did not advocate a reduction in the national gasoline tax. At the time, I was impressed as it seemed that he was the lone voice of reason as to what would have been a wasteful and largely unhelpful policy. There are no quick and easy fixes to our energy problems. It requires creating incentives to use less gasoline, not more, in combination with a lot of investment in alternative fuel sources. ( sorry beltway boys - I was not referring to corn based ethanol ).

Any 8th grader that has taken an economics class can tell you that the plan below would do nothing to help us out. But I guess it might help him gather some votes from uninformed ( most ) voters.

My disdain for all politicians continues to grow....

DrumBeat: August 1, 2008


Obama proposes $1,000 energy rebates for consumers

ST. PETERSBURG, Fla. - Democratic presidential candidate Barack Obama is calling for a $1,000 "emergency" rebate to consumers to offset soaring energy costs.

Obama says the rebate would be financed with a windfall profits tax on the oil industry.

"This rebate will be enough to offset the increased cost of gas for a working family over the next four months," Obama said in remarks prepared for delivery Friday at a town hall meeting in the crucial swing state of Florida.

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