[Endatrybeeddy]

Originally posted by SlowwHand



Excellent point. Bleed consumers that have to drive to work. Promotion of hybrids and installation or improvement of public transportation makes sense.
You really only have to take bets on who the next VP for McCain will be. Obama and Hillary are slashing their own throats, and the other's with the other hand. Bleed consumers? Have you paid any attention to the economists at all? The mount of correctly formulated summer blend gasoline available for this summer's driving is fixed and most of the demand is inelastic (meaning most people will drive the same amount though a few people will find ways to cut back) that means demand will continue to outstrip supply and the price will rise. Any tax reduction on gas will just result in an increase in demand further raising prices. BTW this isn't just a few economists who say this but literally EVERY economist; Hillary & McCain haven' found a single economist willing to endorse their scheme.

End of day scenario on the price of gas still goes higher, profits for producers goes up, and the national transportation budget loses it's primary funding source. We already literally have bridges falling down from neglect and lack of maintenance, we have a huge backlog of needed road repairs, and an even larger list of unfunded but required transportation projects but they want to dramaticly reduce funds for this? It's just not very smart economics especially since no price savings will be realized by consumers and neither Hillary or McCain will be President this summer.