Friday, November 07, 2008

Say Goodbye to Cheaper Gas

On the President-Elect's web site is the Obama-Biden plan which includes a windfall tax on "excessive" oil company profits. Since corporations don't actually pay taxes but rather pass them on to the consumer - get ready for higher gas prices. If memory serves Jimmy Carter tried the same thing. I see a Carter Administration Redux on the horizon.

While the DNC blathers on about the Bush Tax Cuts only helping the rich, Obama-Biden must be doing "new math" because the numbers don't add up as detailed in this report. The Bush Tax Cuts expire in 2010 and the Democrats have enthusiastically reported they will absolutely let them expire - no extension, no way, no how. So in two years, we will, in effect, get our first tax hike from the new administration.

I need to find my polyester clothes and 8-track tapes because it looks like we're going back to the 7os.

1 comment:

guinever said...

I filled up my tank today for only $31. WOW! I haven't paid under $45-50 in I don't know how long and it was even over $60 a couple of times.

I can't get used to this $1.89 per gallon price, but I know it probably won't last.