Drudge Retort: Red Meat for Yellow Dogs

Barack Obama thinks a federal gas-tax holiday is a political ploy. But when he was in the Illinois Senate, he voted for a state holiday three times.

Obama took a different view on the issue when he was an Illinois legislator, voting at least three times in favor of temporarily lifting the state's 5% sales tax on gasoline. The tax holiday was finally approved during a special session in June 2000, when Illinois motorists were furious that gas prices had just topped $2 a gallon in Chicago. Seems he was for a gas-tax moratorium before he was against it.

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I'm taking a gas holiday this Memorial Day. No driving. At all.

Obama took a different view on the issue when he was an Illinois legislator, voting at least three times in favor of temporarily lifting the state's 5% sales tax on gasoline. The tax holiday was finally approved during a special session in June 2000, when Illinois motorists were furious that gas prices had just topped $2 a gallon in Chicago. Seems he was for a gas-tax moratorium before he was against it.

It appears andrea is a dumb political hack.

It appears that Obama was probably supporting his constituents but I suppose you don't understand how that process works.

It is like craige in idaho voting against gay rights while being gay himself, he voted how his constituents ask of him.

Isn't the process of how our politician supposed to be just grand.

Yes, he voted for it, saw it didn't work and explains---don't you read the papers Andrea?---that's why he's not for it this time around.

It's the information age, so try to get up to speed.

note Obama's shameless product placement in his speech...... an obvious plug for his towel-headed brethren, owners of 7- Elevens nationwide:

Speaking in Indianapolis before the ad was aired, Obama threw different numbers to a swooning crowd. "I know it polls well," he said, "but here's the truth: It would save the average family 30 bucks over the course of three months -- $28, or more precisely, 30 cents a day -- which is less than (a) cup of coffee at the 7-Eleven."

"towel-headed brethren, owners of 7- Elevens"

Amazing

Amazing

Posted by Doc_Sarvis


Thank you, Sir.

The wisdom of the sage FREDO is boundless.....

public.sd38.bc.ca

"Yes, he voted for it, saw it didn't work and explains---don't you read the papers Andrea?---that's why he's not for it this time around."

Another Bonehead move then.....

Obama is wrong about the gas tax

But Obama is wrong. He did not learn this lesson. In fact, the only scientific study done on the pass-through of the tax holiday savings to Illinois consumers (and those in Indiana, as well, whose citizens enjoyed a similar holiday) found that it actually worked to a large extent.
www.salon.com


"It's the information age, so try to get up to speed."
If you only knew...

From the "scientific study" -

The estimates here suggest that the suspension of the 5% sales tax led to decreases
in retail prices of 3% compared to neighboring states. When the tax was reinstated, retail
prices rose by roughly 4%. The reinstatement estimates are particularly compelling given
that the timing of the reinstatement was not based on market conditions, but rather a 1981
law in the case of Indiana, and the end of the calendar year in the case of Illinois. While
the point estimates suggest that stations do not lower the price in response to the tax cut
as much as they raise them in response to the tax increase, the 3% and 4% changes are
not statistically significantly different
.
www.nber.org


About the study -

between 60 and 70 percent of the 5% gasoline sales tax cut was passed on to consumers, while 80-100 percent of the reinstatement of the tax was passed on albeit at a time when prices had already dropped. (The original spike in prices was caused by temporary limits on supply.) Thus, it appears that drivers got some, but not all, of the benefits but paid for the tax reinstatement. They also found somewhat smaller pass-through effects near the state borders.
taxvox.taxpolicycenter.org

""It's the information age, so try to get up to speed."
If you only knew...

Posted by AndreaMackris "

lol

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