The Unalienable Right
Friday - September 3, 2010


« « It Looks Like Obama Deals Race Card Again | MAIN | Obama accuses McCain campaign of cynicism for responding to Obama campaign » »


Obama: From each according to his windfall, to each according to his need

Wasn't it Barack Obama who said that John McCain's proposal to suspend the federal tax on gasoline was only a "gimmick"? From the AP:

Obama proposes $1,000 energy rebates for consumers

Democratic presidential candidate Barack Obama on Friday called for a $1,000 "emergency" rebate to consumers to offset soaring energy costs amid fresh signs of a struggling economy with the nation's unemployment rate climbing to a four-year high.

Obama told a town-hall meeting the rebate would be financed with a windfall profits tax on the oil industry.

"This rebate will be enough to offset the increased cost of gas for a working family over the next four months," Obama said in the crucial swing state of Florida.

But would it be enough to offset the increased cost due to the stupid "windfall profits tax"?

So simply lowering the per-gallon price at the pump by suspending the tax is a gimmick, but raising the cost at the producer level with a higher tax, then offsetting the higher price that will cause at the pump by sending checks to people, is not a gimmick? Obama must really believe all those bitter Americans are suckers.

Ed Morrissey at Hot Air has another good point: "...the rebates will only give us a one-time relief for the high gas prices, while the new tax will raise the cost of production and delivery for years."



posted by: The Editors @ 9:53 am August 1, 2008


No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed for this post.


All comments are moderated, they will not appear immediately. Comments judged by the editors to be obscene, libelous, or otherwise inappropriate will be deleted. Comments will not be deleted because they disagree with the positions of this site. Respectful dissent is encouraged.

The opinions expressed by commenters are their own and do not necessarily represent the opinions of the owners of this website.