drmalaka

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  • Rep. Kanjorski's Unreasonable, Unconscionably Ridiculous Idea
    I can not come close to expressing how depressing it is that the vast majority of our elected officials have absolutely no concept of how economics works. Some of these lame excuses for leaders go so far as to give they impression that they do not even have the means to balance their checkbooks.

    How retarded is this gas tax moratorium for the summer? McCain says it will help the poor the most becuase they drive older cars and drive more. What? Hmm, let me see, if we lower gas prices these users are going to consumer more than they would right now, driving demand up. Economics 101 says if demand goes up something else does as well. What could that be? Maybe prices?

    Plus a tax cut will induce fewer people to switch cars to more fuel efficient vehicles.

    As for windfall taxes, what idiocy. Only complete morons don't understand these simple concepts. We want to tax Exxon because they are big, not extremely profitable. Google has windfall profits, 50%.

    How funny, Obama is actually right on this one. And lets be serious, there is a guy who has had great schooling and I would put major money on the fact that in all his years at Ivy League universities the man never took an economics course. I can't even tell you how many of these progressive/socialist/... I met in college and law school that never even knew there was an economics department in these schools.
    May 05 11:26 am |Rating: 0 0 |Link to Comment |View article

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