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Unfortunately (5.00 / 1) (#48)
by cawaltz on Mon May 05, 2008 at 11:36:38 AM EST
I fear that those same people will still be selling bits and pieces even with the gas tax holiday. I predict the gas price will go down about a week or so before the oil industry raises prices and uses the windfall tax as their excuse for doing so. I would like to see us spend the money on infrastucture to create a working public transit system and programs that would decrease our reliance on the oil industry.

[ Parent ]
Of course they will... (5.00 / 2) (#57)
by NWHiker on Mon May 05, 2008 at 11:47:31 AM EST
It's just if we're at the point where $30 makes a diff... iirc I read somewhere that half of the gas tax holiday benefits does stay with consumers.

With the windfall tax, the money will continue to be available for infrastructure. So yeah, I totally agree with you.

[ Parent ]

Perception (5.00 / 4) (#62)
by Kathy on Mon May 05, 2008 at 11:49:31 AM EST
is a driving force in the market.  Consumer confidence, stock prices, etc, are all driven by perception.  Is there less oil now than there was a year ago?  Are our oil producing countries less stable?  Does anyone know why oil prices are so high right now, especially when Iraq has made billions in oil profits this FQ?  

Perception.

[ Parent ]

I agree (5.00 / 2) (#72)
by cawaltz on Mon May 05, 2008 at 12:08:42 PM EST
One of the reasons I thought it was a mistake for Obama to criticize Clinton and Mccain without putting an idea out there of his own is perception. People want to perceive the government is doing something when they are hurting economically, no matter how little that something might be. No one wants to hear "Sorry, you're out of luck."

[ Parent ]

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