EXCERPT FROM AN ARTICLE ON OIL, CARS, PRICES, GOVERNMENTAL STUPIDITY AND COMMON SENSE
“…Some things, like renal physiology, are difficult. Some things, like Arab-Israeli peace, are impossible. And some things are preternaturally simple. You want more fuel-efficient cars? Don’t regulate. Don’t mandate. Don’t scold. Don’t appeal to the better angels of our nature. Do one thing: Hike the cost of gas until you find the price point.Unfortunately, instead of hiking the price ourselves by means of a gasoline tax that could be instantly refunded to the American people in the form of lower payroll taxes, we let the Saudis, Venezuelans, Russians and Iranians do the taxing for us — and pocket the money that the tax would have recycled back to the American worker…”
WHOLE ARTICLE By Charles Krauthammer
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7 Responses to “EXCERPT FROM AN ARTICLE ON OIL, CARS, PRICES, GOVERNMENTAL STUPIDITY AND COMMON SENSE”
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June 9th, 2008 at 11:09 am
As I have said before, Krauthammer is a Ghod. He is, on this particular topic, wrong. It is the speculative investors on Wall Street that are driving the prices up. They are wildly investing in energy stocks and thus, those companies have a motive to show profit, and as long as they continue to do so, they will be expected to deliver until we reach that “price point”. I still don’t think $4 per gallon is it. More like $5 it seems to me. It is greed that is the monster here, not other countries. Taxing it at .50 per gallon and increasing that every six months seems to be, well,
stupidlunacy to me.June 9th, 2008 at 12:49 pm
At least you can replace renal physiology with hemodialysis.
June 9th, 2008 at 1:15 pm
Iffin you say so Doc.
June 9th, 2008 at 7:06 pm
Krauthammer is a Ghod?
I think he’s more like a gonad.
June 9th, 2008 at 7:59 pm
A gonad of immense intelligence perhaps. He is unquestionably smart, but occassionally wrong.
June 9th, 2008 at 10:52 pm
Actually, its the US dollar, now worth 50% less than a year ago (gas has doubled). This is a deliberate effort on the part of those in power to impose a tariff on all foreign goods, making exports cheaper, without imposing a tariff in violation of our trade agreements. Cleaver, but a bad idea. Does anyone else remember the 70’s “stagflation?” It’s the Fed stupid (I’m not calling any of you stupid… just playing with that campaign phrase from the 90’s. I’m getting old).
As for Krauthammer, brilliant mind.
June 10th, 2008 at 4:38 pm
I never said he wasn’t a smart guy. I just think he’s a gonad. But seeing as some people here still think the Federal Reserve isn’t a privately owned bank…