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36 comments on McCain wants a gas tax "holiday." It's a no-brainer, right?
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What must the Europeans be thinking about now? The U.S. is held in low enough esteem as it is,especially regarding its high consumption of energy. If there is any way further to go down, Mac Ane has managed it.
McCain is a total bimbo.
What must the Europeans be thinking about now?
McCain seems not to be far from European politicians. Here in Bavaria Herr Huber recently proposed to raise tax rebates for drivers, known as the 'Entfernungspauschale'. He was widely scoffed by the media for this blatant populist approach which does not take into account how all this should be funded.
In Germany there was a substantial change in tax laws when 2007 tax rebates for drivers were virtually abolished. Since then only commuting distances of more than 20 kilometres are deductible for reasons of 'hardship'. There is a complaint against this rearrangement pending with our highest court.
What the Europeans are thinking doesn't matter since most of your IOUs are held by the Japanese and Chinese. They can see increasing problems and are also in between a rock and hard place, keep hold of the IOUs and watch them fall in value or sell them off and speed up the fall. And, do they buy any more so that Americans can continue buying all that "stuff" from them?
The last thing the US needs is cheaper fuel and more pork barrels:-(