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If we extended that line all the way back to 9/11/01, the drop-off would appear even more dramatic. Had Bush not willfully and arrogantly screwed things up so badly, I might almost feel sorry for the dude...
... but he did, so I don't.
...rummaging through the debris in "post-racial" America...
This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit. . . .
The McCain-Clinton gas holiday proposal is a perfect example of what energy expert Peter Schwartz of Global Business Network describes as the true American energy policy today: “Maximize demand, minimize supply and buy the rest from the people who hate us the most.”. . .
But here’s what’s scary: our problem is so much worse than you think. We have no energy strategy. If you are going to use tax policy to shape energy strategy then you want to raise taxes on the things you want to discourage — gasoline consumption and gas-guzzling cars — and you want to lower taxes on the things you want to encourage — new, renewable energy technologies. We are doing just the opposite.
McCain and HRC are proposing a tax holiday on gas - so this summer you wouldn't pay the 18 cents a gallon that would otherwise go to Uncle Sam. Talk about dumb ideas. This will only encourage Americans to drive more, thereby increasing demand and causing gas prices to rise even higher. Driving more will also put more carbon dioxide into the atmosphere, which fuels global warming. And this will cost taxpayers some $10 billion. It's a cheap political gimmick that does nothing to stem the rising price of oil.
You want to hold oil prices down? In the short term, strengthen the dollar. Part of the reason oil prices are soaring is because the dollar is tanking. The Treasury and financial ministries of other rich countries should buy back dollars to stop speculators who are bidding the greenback down.
Over the longer term, though, China and India's insatiable demand for oil will continue to drive oil prices up, and turmoil in the Middle East will keep them up. So there's really only one way for us to go: Alternative sources of energy - wind, solar, biomass, water, and if we can make it safe enough, nuclear.
They have more money now than they know what to do with. Their quarterly reports, out this week, will show galactic profits. But for them, basic research in alternatives is too risky. And why should we expect them to invest in alternatives to oil, anyway? They aren't even putting as much as they did five years ago into oil exploration, as a percent of their profits. They figure the best way to keep their stock price high is to use their windfall profits to buy back their shares. This may be good for their shareholders but it's terrible for America.
That's why it's time for a windfall profits tax on oil companies to finance our way to sensible and sustainable sources of energy. Forget the summer tax holiday on gas. We need a permanent holiday from oil.
John McCain has a really bad idea on gasoline, Hillary Clinton is emulating him (but with a twist that makes her plan pointless rather than evil), and Barack Obama, to his credit, says no.
Why doesn’t cutting the gas tax this summer make sense? It’s Econ 101 tax incidence theory: if the supply of a good is more or less unresponsive to the price, the price to consumers will always rise until the quantity demanded falls to match the quantity supplied. Cut taxes, and all that happens is that the pretax price rises by the same amount. The McCain gas tax plan is a giveaway to oil companies, disguised as a gift to consumers.Is the supply of gasoline really fixed? For this coming summer, it is. Refineries normally run flat out in the summer, the season of peak driving. Any elasticity in the supply comes earlier in the year, when refiners decide how much to put in inventories. The McCain/Clinton gas tax proposal comes too late for that. So it’s Econ 101: the tax cut really goes to the oil companies.
The Clinton twist is that she proposes paying for the revenue loss with an excess profits tax on oil companies. In one pocket, out the other. So it’s pointless, not evil. But it is pointless, and disappointing.
She's inflicted some serious wounds on Obama, but the way she's done it [by going negative and "blackenizing" Obama] has made it all but impossible for superdelegates to accept her as an alternative. His supporters are too angry over her tactics to accept her on the basis of electability alone. Obama emerges from Pennsylvania damaged, but choosing Hillary instead would shatter the partSad, but I suspect mostly true...
According to exit polls: One in five white voters said race was a factor, and three in five white voters chose Clinton.
"A lot of voters in a lot of these states have never voted for an African-American candidate before," [Democratic opperative Tad] Devine says. "This is simply a new experience for them, and many of them are going to have to confront this in the course of the campaign. I think right now, Hillary Clinton for them is sort of either a way station, you know, toward Obama or a signal that they're not quite ready to make that step. I don't think anybody knows the answer to that yet."
Yet for all of her primary night celebrations in the populous states, exit polling and independent political analysts offer evidence that Mr. Obama could do just as well as Mrs. Clinton among blocs of voters with whom he now runs behind. Obama advisers say he also appears well-positioned to win swing states and believe he would have a strong shot at winning traditional Republican states like Virginia.
According to surveys of Pennsylvania voters leaving the polls on Tuesday, Mr. Obama would draw majorities of support from lower-income voters and less-educated ones — just as Mrs. Clinton would against Mr. McCain, even though those voters have favored her over Mr. Obama in the primaries.
And national polls suggest Mr. Obama would also do slightly better among groups that have gravitated to Republican in the past, like men, the more affluent and independents, while she would do slightly better among women.
The encouragement is that Obama is approaching the race issue the right way, and the nation is ready to elect a black president. The warning is that it may not be as ready as polls suggest.
``Let's not kid ourselves again, the issue of race will not disappear; but I don't think it will predominate,'' the former Virginia governor said in an interview at his office in Richmond, where he is now mayor. At the same time, he said, even if Obama is the nominee and heads into the fall with an apparent lead, the election ``will be closer than any polls will suggest.''
We believe a shift to clean energy can improve the health and well-being of low-income people, who suffer disproportionately from cancer, asthma and other respiratory ailments in our dirty-energy economy.
Also, we believe it can create entrepreneurial, wealth-building opportunities for those who need new avenues of economic advance.
In other words: we believe that the national effort to curb global warming and oil dependence can simultaneously create good jobs, safer streets and healthier communities.
For us, our highest calling is to ensure that the clean-energy economy in the 21st century in fact does all of these things. Indeed, we would say that America’s chief moral obligation is to build a green economy that is strong enough to lift many people out of poverty.
I have been in meetings with the Clintons and their advisors where very clinical things were said in a very-detached tone about unwillingness of working class voters to trust government -- and Bill Clinton -- and about their unfortunate (from a Clinton perspective) proclivity to vote on life-style rather than economic issues. To see Hillary going absolutely over the top to smash Obama for making clearly more humanly sympathetic observations in this vein, is just amazing. Even more so to see her pretending to be a gun-toting non-elite. Give us a break!
I wonder if she realizes that gaining a few days of lurid publicity that might reach a slice of voters is going to cost her a great deal in the regard of many Democrats, whose strong support she will need if she somehow claws her way to the nomination -- and even more so if she does not clinch the nomination. The distribution of "we're not bitter" stickers to her campaign rallies is the height of over-the-top crudity, and the reports are that very few audience members seem to have much enthusiasm for this nonsense. Not surprisingly, people cannot see the reasons for so much fuss.
Yes, she wants a big break, she desperately wants the nomination she and Bill believe is hers by right. We all know that. But where is her authenticity and her dignity and her sense of any proportion?
This has to be one of the few times in U.S. political history when a multi-millionaire has accused a much less wealthy fellow public servant, a person of the same party and views who made much less lucrative career choices, of "elitism"! (I won't say the only time, because U.S. political history is full of absurdities of this sort.) In a way, it is funny -- and it may not be long before the jokes start.
To a certain extent, I think we’re really commenting on the caricature of his comments. If you look at what he said, what he said was not that these values of small town America, and rural America and working class white America are the product of economic hardships. He’s saying that those folks in America do not believe they’re going to get any economic help from Washington so they don’t’ vote their economic interests when they vote, they instead vote these other things. It’s actually…we’re not actually taking this on as a political issue and debating whether or not that’s right or wrong. We’re debating the damage of the caricature of his comments. It’s this…become this meta-narrative about how he’s been described rather than actually taking on the meat of what he argued.
My first reaction was the sensible one: to pray to God to please kill me, immediately. Preferably by meteor. But one of the defining characteristics of my life is that God just isn't that into me, and/or all the meteors are already spoken for, so it never works.
In lieu of divine homicide, then, I suppose the only other avenue left is to try to pry some sense from the nonsense. So here goes: what you see, above, is the defense of the petty, the vapid and the embarrassingly trivial as valid "news", worthy of actual air time. The premise goes like this: the news media reports some minor absurdity about the race. Various pundits go on television to tell Americans how the latest triviality should make them "feel". Ten times as many pundits appear to analyze what would happen if Americans actually felt that way. Then comes the man-on-the-street interviews to see if people really do "feel" that way, and regardless of what actually gets said, by how many, the hypothesis is pronounced correct, or at least "newsworthy". (Note: the definition of "newsworthy" is simply "something we felt like putting on television." This could be a story about Abu Ghraib, or a story about a cat that has learned to ride a skateboard, or a story about what Robert Novak thinks about something. It is, in other words a meaningless phrase.)
Then George W. Bush and a half dozen cabinet members in some back room somewhere authorize the torture of prisoners in U.S. custody, but we can't pay attention to that because we've all got to decide whether we want a president with good bowling scores.