Smoke, mirrors, and midterms
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[Even] "Barack Obama, during the 2008 presidential campaign, called the idea a “gimmick” that allowed politicians to “say that they did something.”
Biden calls on Congress to pause federal gas tax for three months
First of all, with gasoline heading to $9+ (predicts I), 18¢ a gallon will prove the pittance it is. Second, this would just be more funny money from the Mint, another infusion of imaginary money, adding inflationary pressure while accomplishing nothing. As an aside, if his pals on the hill do his bidding and drop the tax for three months, do you really think that they’ll reimpose it October, a month before elections? I don’t, either.
Third, if Biden were serious about addressing the fuel shortage, he would stop his campaign against domestic fuel producers, order his EPA to rescind the new regulations they’ve imposed on drillers and refiners, and urge Congress to repeal many of the current laws governing oil production. Instead, he’s continuing to tell these companies that he’ll be putting them out of business in 10 years, while simultaneously attacking them for not sinking billions of new capital into fossil fuels — that’ll do it.
Passing out dimes to the poor may have worked for Rockefeller, but a dime was worth more in those days.
And you never saw J.D. Rockefeller drop his pants around his ankles and crawl over to Arabia to beg for help from a desert sheik. Never.
