How to enforce this? Make it against the law for oil companies to pass the price of the windfall profits tax on to consumers, and then audit the oil companies' books. It is not a difficult accounting exercise to tax excess profits above a certain gross percentage per barrel of oil, or gallon of gas. . . .
Accounting books won't (boldly) declare which parts of the profits are from passing on the price of the windfall profits tax. Any implementation will border on price fixing, which will never pass the US congress and even if it did, in the current case, Bush will veto that.
HRC is employing pure pandering with something that won't (even if the price won't rise due to increased demand from a false sense of saving money; economists predict that demand and prices will rise) save much more than $25-35 per an average car, and it could have bad impact on the economy. This is bad policy and that's why 150 economists+scientists (including 3 Nobel prize winning economists) have issued a statement calling out the hoax. What are George Frost's credentials compared to those of Prof. Stiglitz, a Nobel prize winning economist who was one of those that issued the statement?
"You won't deny us seats at the convention," he said.
"Carl, take it to the bank," I said. "They will not get a credential. The closest they'll get to Boston will be watching it on television. I will not let you break this entire nominating process for one state. The rules are the rules. If you want to call my bluff, Carl, you go ahead and do it."
We glared at each other some more, but there was nothing much left to say. I was holding all the cards and Levin knew it.
It's Clinton supporting Dem leadership in FL and MI that created the mess in the first place. It's they who should be blamed for the fiasco.
if that, and is potentially bad for the environment. Pure, unbridled pandering is all that this "holiday" is.
Gas Tax Math:
An average car is driven about 12K miles per year. That's 1K miles per month. According to answers.com, the average mileage for an average car is 17 miles per gallon. That gives us 58.8 gallons per month for an average car. At 0.184c tax savings/pandering per gallon, savings from the summer gas tax suspension comes to $32.5 for 3 months. For cars that get higher mileage, say 25 mpg, the figure would be around $22 savings for the summer.
Economists think that the increase in demand is likely to push up gas prices and hence even these small savings may come to naught at the end of the day. Several economists (including Nobel prize winners Heckman (2000), Stiglitz (2001) and Kahneman (2002)) issued this statement (pdf) opposing the proposed tax suspension pandering by Clinton and McCain.
Any increase in consumption is bad for the environment. Al Gore probably doesn't agree with it.
The possible answer on the impact is: a small blip in Obama's numbers (due to the tag teaming between the righwing nutjobs and the Clinton camp in Wrightboating Obama via Guilt by association (GBA) in keeping this in the headlines and 24/7 on the TV shows) but I sense that it's impact is fading (probably more pronouncedly so with Dems and Indies). People are initially susceptible to GBA tricks but eventually they sort things out and tire of and turn against such trickery.
As for "electability," at the end of the day, Wrights words are NOT Obama's words (similar to how Doug Coe's words are not HRC's) and Wright doesn't think for Obama (as became clear from Wright's NPC appearance). OTOH, Clinton owns her Tuzla lie.
Congress' because it handed the authority to wage a war to Bush.
Hillary Clinton and John McCain were among those members of that congress that voted to pass the authorization. Those 77 senators and over 250 members of the house all share the responsibility for war materializing along with Bush (, Cheney and others).