What could possibly go wrong with this scheme?
As the Democratic party administration in Washington struggles to find effective ways to fight high inflation, some economists are calling for lawmakers deliver new assistance for Americans dealing with high gasoline prices.
“If I were Dem leadership in the House, I’d bring forward a bill to give $50B gas price relief to low-income households and defy Republicans to vote against it,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a tweet on Tuesday.
Or, we could open up the spigots, give out permits. It wouldn’t even matter if it would take time to get the oil, the market which sets the cost per barrel would respond to the potential. Anyhow, they don’t really care, they just want to Own The Cons.
Wouldn’t such spending add to inflation? Shepherdson pushed back after a critic suggested exactly that, with the economist saying it would not because a $50 billion outlay amounts to just 0.2% of U.S. GDP.
And it would make Citizens even more reliant on government. I wonder what the threshold would be for “low income”? And, why $300? That seems a bit excessive. It would also mean that the market would stay high, with those bidding on the oil figuring to keep it high.
Stuart Hoffman, a senior economic adviser at PNC, said Shepherdson’s proposal is a “great idea,” adding that Congress should look at gasoline vouchers for the Americans who qualified for stimulus checks through March 2020’s relief package.
Providing $2 or $3 per gallon of gas for those families could work out to $200 or $300 a month per family, assuming they typically pump 100 gallons each month into their cars, Hoffman said in a post on Twitter.
100 gallons? Sheesh, I know I’m at the low end, with maybe 20 gallons a month, but, still, 100?
There’s a real chance for legislation that provides such vouchers given how gas prices have surged, said Greg Valliere, chief U.S. policy strategist at AGF Investments, in a note on Wednesday.
And then the price of oil stays high, which means gas stays high, which means the price of consumer goods and food stays high.
Still a better idea than
Good f'ing grief. That money could help Americans hit by the #Bidenflation https://t.co/5TulgeE7I8
— William Teach2 ??????? #refuseresist (@WTeach2) March 8, 2022
Recall, a central component of reducing gasoline consumption was to add a meaningful gasoline tax and to rebate or prebate much of the tax to lower income residents.
The global oil market is anti-fossil fuels!!
Remember, a central component of reducing gasoline consumption would be evidence that gasoline consumption must be reduced. If there are those who want to do it on their own, fine..
“If I were Dem leadership in the House, I’d bring forward a bill to give $50B gas price relief to low-income households and defy Republicans to vote against it,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a tweet on Tuesday.
There is an easy out for the GOP.
Gop statement: We will gladly vote this bill into place with the following legislation added. (I’m not a lawyer so forgive the lack of technical mumbo jumbo) Increase Oil production in the USA. End the war on Gas and Oil Production. Stop suing every oil company or fracker that tries to start up a new rig. Lets become energy independent again and in return we will be glad to vote for assistance to NOT ONLY THE LOW CLASS BUT ….M I D D L E CLASS Americans that the left no longer cares about.
Of course the left will vote no….the bill becomes an albatross around their neck not the GOP.
good luck with vouchers for the poor, most of whom do not even own cars. LOLOLOLOLOL….the left are such idiots, with an agenda of fear.
Free Money!
Woo-hoo!
#LetsGoBrandon
#FuckJoeBiden
Bwaha! Lolgf
I don’t normally refute the pirate, but the money he’s saying should be routed to “help those affected by inflation” is actually the cause of the inflation.
If the government – and I include Saint Donald Trump in this – doesn’t stop creating fiat currency much faster than we generate actual wealth, you get inflation. That’s what inflation is: too much money.
Borrowing, based on nothing but “faith and credit,” is printing money. Whether you call it “fiscal easing” or some other euphemism, it’s printing money…
…and we’ve been doing it since Reagan.
Right now domestic oil production is higher than when Trump left office. Regardless of the amount of our domestic production the oil coming out of the ground is always sold at the world market price.. if we instantly doubled our production the surplus would not significantly reduce the price of gasoline, it would simply be shipped to the world market at the world oil market price. The same with wheat. The only price less than the world market price is Canada which can only ship to the USA because it has no pipeline to the ocean so we can buy for less. Keystone xl2 would allow thst captive oil to be shipped to the world market we could no longer buy that oil at a discount
All most all of the wells and pumping going on right now are the result of the Trump policies from 4 years ago. As long as they pump it’s a good thing. Sadly, Brandon in his socialist snit has decided to not allow new oil onto the market therefore as wells diminish and close so will go our production. https://twitter.com/i/status/1501290181101555721
There is no good economic reason for our nation to not exploit all the energy resources available especially oil and gas which we have in abundance. There is also no reason we cannot require our domestic production to fill our needs before being off loaded to the world market. If we use 50 million barrels a day then we can sell outside any excess if not it stays domestic. We can do that with food or any other commodity. If we have the will.
It is not only plain stupid but highly immoral to force Americans to buy foreign oil or food for more money , but then when ever did leftists care about morality? They’re atheist’s, they have no morals.
People who believe men can have babies cannot be trusted to run a free republic. The proof is all around us.
Let’s go Brandon, just maybe you can do to food prices what you’ve done to gas.
We’ve caught on to the GOP’s strange logic: GOP presidents are all perfect, Dem presidents all suck, LOL.
Clinton caused Reagan’s 1983 recession! Reagan/Bush were responsible for the Clinton economy! Clinton was responsible for 9/11! Obama was responsible for the 2008 Great Recession! trump was responsible for the job growth following the BushII recesssion! trump is responsible for the surge in US oil production that started in 2011! And on and on…
“Much of what conservatives believe is just not true.”
We’ve caught on to the GOP’s strange logic: GOP presidents are all perfect, Dem presidents all suck, LOL.
I would have to echo Dowds LOLOLOLOLOL. This is Priceless.
Like Trump was well like and respected by the left? Impeached Twice.
Bush was a gem of a president by the left. Called Hitler and a Nazi for 6 years. Was never believed to have won the election and as such was treated as a pariah.
Reagan was the prize. they Tried to impeach Him for Iran-Contra. They tried to Impeach Nixon.
Yep all those lefties had nothing but respect and the utmost sincere love for Republican presidents. Yet Dowd WAH, WAH, WAHS all day long at the right being mean to his demented, senile president who rarely knows where he is at.
Brand0: They’re atheist’s, they have no morals.
Those who subscribe to religious magic equate their religious beliefs with morality. In my experiences, morality is independent of organized religion.
The christian 10 commandments:
You shall have no other gods before Me.
You shall make no idols.
You shall not take the name of the Lord your God in vain.
Keep the Sabbath day holy.
Honor your father and your mother.
You shall not murder.
You shall not commit adultery.
You shall not steal.
You shall not bear false witness against your neighbor.
You shall not covet.
Pretty reasonable advice but predates judeo-christians. Examples are Hammurabi’s Code, The Codes of Ur-Nammu of Ur, of Lipit-Ishtar of Isin and the Laws of Eshnunna, all from 3500 to 4000 years ago.
Examples from Ur 2100–2050 BCE:
If a man commits a murder, that man must be killed.
If a man commits a robbery, he will be killed.
If a man commits a kidnapping, he is to be imprisoned and pay 15 shekels of silver.
If a slave marries a slave, and that slave is set free, he does not leave the household.
If a slave marries a native [i.e. free] person, he/she is to hand the firstborn son over to his owner.
If a man violates the right of another and deflowers the virgin wife of a young man, they shall kill that male.
If the wife of a man followed after another man and he slept with her, they shall slay that woman, but that male shall be set free.
If a man proceeded by force, and deflowered the virgin female slave of another man, that man must pay five shekels of silver.
If a man divorces his first-time wife, he shall pay (her) one mina of silver.
If it is a (former) widow whom he divorces, he shall pay (her) half a mina of silver.
If the man had slept with the widow without there having been any marriage contract, he need not pay any silver.
If a man is accused of sorcery, he must undergo ordeal by water; if he is proven innocent, his accuser must pay 3 shekels.
If a man accused the wife of a man of adultery, and the river ordeal proved her innocent, then the man who had accused her must pay one-third of a mina of silver.
If a prospective son-in-law enters the house of his prospective father-in-law, but his father-in-law later gives his daughter to another man, the father-in-law shall return to the rejected son-in-law twofold the amount of bridal presents he had brought.
If [text destroyed], he shall weigh and deliver to him 2 shekels of silver.
If a slave escapes from the city limits, and someone returns him, the owner shall pay two shekels to the one who returned him.
If a man knocks out the eye of another man, he shall weigh out half a mina of silver.
If a man has cut off another man’s foot, he is to pay ten shekels.
If a man, in the course of a scuffle, smashed the limb of another man with a club, he shall pay one mina of silver.
If someone severed the nose of another man with a copper knife, he must pay two-thirds of a mina of silver.
If a man knocks out a tooth of another man, he shall pay two shekels of silver.
If a man’s slave-woman, comparing herself to her mistress, speaks insolently to her, her mouth shall be scoured with 1 quart of salt.
If a man appeared as a witness, and was shown to be a perjurer, he must pay fifteen shekels of silver.
If a man appears as a witness, but withdraws his oath, he must make payment, to the extent of the value in litigation of the case.
If a man stealthily cultivates the field of another man and he raises a complaint, this is however to be rejected, and this man will lose his expenses.
If a man flooded the field of a man with water, he shall measure out three kur of barley per iku of field.
If a man had let an arable field to a(nother) man for cultivation, but he did not cultivate it, turning it into wasteland, he shall measure out three kur of barley per iku of field.
dOwd: “Those who subscribe to religious magic equate their religious beliefs with morality. In my experiences, morality is independent of organized religion.”
Probably since your experiences included no attempt at morality it’s relationship to religion, God and goodness never cross your mind. All, that is all Western morality flows directly from the Bible. That would include our great English poets, writers and other assorted bards. It would also include the basis of the Declaration of Independence and the Constitution itself.
You only see evil because you are evil. I knew that after being here a week and reading your hate filled foolishness.
That’s also why your total hatred for Christians is so obvious. You are scared to death of God and you fukin’ should be. Baby killer!
Let’s go Brandon, your legions of atheist haters implore you, destroy America, horrible, Christian America.
dOwd is but a shadow, a poor player who struts and frets his hour upon the stage. His is the tale of an idiot, full of sound and fury signifying nothing.
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