ERD50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I was shocked this AM; GMA was doing their usual gas price 'news' (geez, you'd think we breathed this stuff), I was ready for the usual blab, and then...
Dan Harris comes on and covers two topics:
1) The Gas Tax Holiday - So Dan says he talked with a number of top economists and they ALL said this was the WRONG thing to do. First, fed tax is only (IIRC) 15 cents or so a gallon, so it isn't that big of a deal. But still, to the extent that you lower prices, you increase demand - so we will use more gas, just increasing the whole problem. He didn't even get into the fact that since we run a deficit, we just need to pay those taxes somewhere else, so...
2) Windfall Tax on 'Big Oil' - Again, he said the economists all pointed out that if you limit profits, this will reduce incentives to explore for more oil, to invest in refineries, etc - all leading to HIGHER gas prices.
Wow - some common sense on gas prices - shocking. Of course, Charlie Gibson really didn't have much to say - I guess this just doesn't make for 'good' TV. And now, the weather...
I can't find a link on their web site, sorry.
-ERD50
Dan Harris comes on and covers two topics:
1) The Gas Tax Holiday - So Dan says he talked with a number of top economists and they ALL said this was the WRONG thing to do. First, fed tax is only (IIRC) 15 cents or so a gallon, so it isn't that big of a deal. But still, to the extent that you lower prices, you increase demand - so we will use more gas, just increasing the whole problem. He didn't even get into the fact that since we run a deficit, we just need to pay those taxes somewhere else, so...
2) Windfall Tax on 'Big Oil' - Again, he said the economists all pointed out that if you limit profits, this will reduce incentives to explore for more oil, to invest in refineries, etc - all leading to HIGHER gas prices.
Wow - some common sense on gas prices - shocking. Of course, Charlie Gibson really didn't have much to say - I guess this just doesn't make for 'good' TV. And now, the weather...
I can't find a link on their web site, sorry.
-ERD50