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OT - Gas Tax Holiday
If I understand what Senators Clinton and McCain are saying, they want
to have the gas tax stopped during the summer months. It would start
on Memorial Day, May 26, through Labor Day, September 1. Remember,
Memorial Day is only a couple weeks away. Nice idea, right?
Am I wrong in thinking this would have to be approved by Congress and
President Bush? Putting aside the latter, when has Congress ever
moved that quickly?
Have any of you seen the Comcast TV turtles commercials?
http://www.youtube.com/watch?v=WLs7DSxsLog
If you've ever watched C-Span or C-Span2, you know Congress, both the
House and Senate, moves about as fast as Bill Slowsky does.
Judity
to have the gas tax stopped during the summer months. It would start
on Memorial Day, May 26, through Labor Day, September 1. Remember,
Memorial Day is only a couple weeks away. Nice idea, right?
Am I wrong in thinking this would have to be approved by Congress and
President Bush? Putting aside the latter, when has Congress ever
moved that quickly?
Have any of you seen the Comcast TV turtles commercials?
http://www.youtube.com/watch?v=WLs7DSxsLog
If you've ever watched C-Span or C-Span2, you know Congress, both the
House and Senate, moves about as fast as Bill Slowsky does.
Judity
It sounds good in theory, but putting it into practice may be another story.
I also don't see any reason to think the oil companies would pass the
savings on to the consumer; I can't say their record-breaking profits during
a time when the American public is screaming for mercy gives me much
confidence.
And, IMO, you've hit the nail on the head. These 2 candidates are making
promises they have no way of keeping. I firmly believe it's just a ploy to
make it sound like they really care about the plight of the working class so
they'll pull the right lever in the voting booth.
I also don't believe there's a single economist in the country who feels
this is a good idea. Whether or not their assessment carries any weight is
up to the individual, though.
Now, Judity, do I sense a bit of tongue-in-cheek in your post? <G>
Anne
"Judity" <Judity01@aol.com> wrote in message
news:5a766012-f7c6-42bf-a2a3-3793bc9aea8f@j33g2000pri.googlegroups.com...
> If I understand what Senators Clinton and McCain are saying, they want
> to have the gas tax stopped during the summer months. It would start
> on Memorial Day, May 26, through Labor Day, September 1. Remember,
> Memorial Day is only a couple weeks away. Nice idea, right?
>
> Am I wrong in thinking this would have to be approved by Congress and
> President Bush? Putting aside the latter, when has Congress ever
> moved that quickly?
>
> Have any of you seen the Comcast TV turtles commercials?
> http://www.youtube.com/watch?v=WLs7DSxsLog
> If you've ever watched C-Span or C-Span2, you know Congress, both the
> House and Senate, moves about as fast as Bill Slowsky does.
>
> Judity
I also don't see any reason to think the oil companies would pass the
savings on to the consumer; I can't say their record-breaking profits during
a time when the American public is screaming for mercy gives me much
confidence.
And, IMO, you've hit the nail on the head. These 2 candidates are making
promises they have no way of keeping. I firmly believe it's just a ploy to
make it sound like they really care about the plight of the working class so
they'll pull the right lever in the voting booth.
I also don't believe there's a single economist in the country who feels
this is a good idea. Whether or not their assessment carries any weight is
up to the individual, though.
Now, Judity, do I sense a bit of tongue-in-cheek in your post? <G>
Anne
"Judity" <Judity01@aol.com> wrote in message
news:5a766012-f7c6-42bf-a2a3-3793bc9aea8f@j33g2000pri.googlegroups.com...
> If I understand what Senators Clinton and McCain are saying, they want
> to have the gas tax stopped during the summer months. It would start
> on Memorial Day, May 26, through Labor Day, September 1. Remember,
> Memorial Day is only a couple weeks away. Nice idea, right?
>
> Am I wrong in thinking this would have to be approved by Congress and
> President Bush? Putting aside the latter, when has Congress ever
> moved that quickly?
>
> Have any of you seen the Comcast TV turtles commercials?
> http://www.youtube.com/watch?v=WLs7DSxsLog
> If you've ever watched C-Span or C-Span2, you know Congress, both the
> House and Senate, moves about as fast as Bill Slowsky does.
>
> Judity
Judity <Judity01@aol.com> wrote in news:5a766012-f7c6-42bf-a2a3-
3793bc9aea8f@j33g2000pri.googlegroups.com:
> If I understand what Senators Clinton and McCain are saying, they want
> to have the gas tax stopped during the summer months. It would start
> on Memorial Day, May 26, through Labor Day, September 1. Remember,
> Memorial Day is only a couple weeks away. Nice idea, right?
I don't think it's a nice idea at all. Plus, if the feds cannot help with
cutting interest rates any more to help the housing market, how in the
world do they expect to get a gas tax holiday under-way? I also think it's
a bad idea because gas taxes go to things like road repairs, bridge
rebuilding and repairs, etc. They would have to get that money from
somewhere else.
I also think that if they try to regulate gas prices too much that the
refiners can just stop refining and refuse to sell it at a reduced cost.
That....and don't both of them support proposing a "cap and trade
market"??? on carbon emissions to help "combat" man-made global warming?
IIRC an article I read on that stated that in and of itself would raise gas
prices approx 35 cents per gallon and also raise your home electric costs.
Maybe they are supporting the holiday so we all won't be so ticked off when
the other thing they are supporting goes through and it's raised so much.
3793bc9aea8f@j33g2000pri.googlegroups.com:
> If I understand what Senators Clinton and McCain are saying, they want
> to have the gas tax stopped during the summer months. It would start
> on Memorial Day, May 26, through Labor Day, September 1. Remember,
> Memorial Day is only a couple weeks away. Nice idea, right?
I don't think it's a nice idea at all. Plus, if the feds cannot help with
cutting interest rates any more to help the housing market, how in the
world do they expect to get a gas tax holiday under-way? I also think it's
a bad idea because gas taxes go to things like road repairs, bridge
rebuilding and repairs, etc. They would have to get that money from
somewhere else.
I also think that if they try to regulate gas prices too much that the
refiners can just stop refining and refuse to sell it at a reduced cost.
That....and don't both of them support proposing a "cap and trade
market"??? on carbon emissions to help "combat" man-made global warming?
IIRC an article I read on that stated that in and of itself would raise gas
prices approx 35 cents per gallon and also raise your home electric costs.
Maybe they are supporting the holiday so we all won't be so ticked off when
the other thing they are supporting goes through and it's raised so much.
Jeannie wrote:
> I don't think it's a nice idea at all. Plus, if the feds cannot help with
> cutting interest rates any more to help the housing market, how in the
> world do they expect to get a gas tax holiday under-way?
<snip>
We can thank people like Obama for helping to create the current mortage
crisis through the "Community Reinvestment Act.", which forced banks to
make loans to people who were poor credit risks.
Marsha/Ohio
> I don't think it's a nice idea at all. Plus, if the feds cannot help with
> cutting interest rates any more to help the housing market, how in the
> world do they expect to get a gas tax holiday under-way?
<snip>
We can thank people like Obama for helping to create the current mortage
crisis through the "Community Reinvestment Act.", which forced banks to
make loans to people who were poor credit risks.
Marsha/Ohio
Marsha <mas@xeb.net> wrote in news:fvthg2$tg4$1@news.datemas.de:
> We can thank people like Obama for helping to create the current mortage
> crisis through the "Community Reinvestment Act.", which forced banks to
> make loans to people who were poor credit risks.
I highly doubt that is the sole reason for the country's current mortgage
crisis. I know of many people, in modest houses, who made PLENTY of money
and were at no credit risk until they were the victim of lay-offs or firing
due to outsourcing and wound up with no benefits, no income, NOTHING, who
have had their cars repossessed, their houses are in foreclosure, etc.
Those people, who have been self-sufficient their entire lives as working
members of the community, working hard to keep and maintain their credit
score are now going to be considered poor credit risks. IMO, that's one of
the main reasons why the country is in a mortgage crisis - layoffs,
offshoring work, etc.- that and gas costs an arm and a leg, food is now
costing an arm and a leg, and the medical costs our astronomical even for
those who are fortunate enough to have insurance through their employer.
Obama isn't to blame for those - at least not all by himself.
> We can thank people like Obama for helping to create the current mortage
> crisis through the "Community Reinvestment Act.", which forced banks to
> make loans to people who were poor credit risks.
I highly doubt that is the sole reason for the country's current mortgage
crisis. I know of many people, in modest houses, who made PLENTY of money
and were at no credit risk until they were the victim of lay-offs or firing
due to outsourcing and wound up with no benefits, no income, NOTHING, who
have had their cars repossessed, their houses are in foreclosure, etc.
Those people, who have been self-sufficient their entire lives as working
members of the community, working hard to keep and maintain their credit
score are now going to be considered poor credit risks. IMO, that's one of
the main reasons why the country is in a mortgage crisis - layoffs,
offshoring work, etc.- that and gas costs an arm and a leg, food is now
costing an arm and a leg, and the medical costs our astronomical even for
those who are fortunate enough to have insurance through their employer.
Obama isn't to blame for those - at least not all by himself.
I'm with you on that, Jeannie. There are a lot of aspects to the mortgage
crisis, many of which I admittedly don't understand, but I have to say that
Marsha's comment was the first time I've ever heard someone try to lay the
blame at Obama's door.
The cost of everything these days is truly frightening, even without losing
your job. The thought of being without a job on top of it... That's the
stuff they make nightmares out of.
Anne
"Jeannie" <jwilson421@comcastspamkills.net> wrote in message
news:Xns9A98776E22165jwilson421comcastnet@216.196.97.136...
> I highly doubt that is the sole reason for the country's current mortgage
> crisis. I know of many people, in modest houses, who made PLENTY of money
> and were at no credit risk until they were the victim of lay-offs or
> firing
> due to outsourcing and wound up with no benefits, no income, NOTHING, who
> have had their cars repossessed, their houses are in foreclosure, etc.
> Those people, who have been self-sufficient their entire lives as working
> members of the community, working hard to keep and maintain their credit
> score are now going to be considered poor credit risks. IMO, that's one
> of
> the main reasons why the country is in a mortgage crisis - layoffs,
> offshoring work, etc.- that and gas costs an arm and a leg, food is now
> costing an arm and a leg, and the medical costs our astronomical even for
> those who are fortunate enough to have insurance through their employer.
> Obama isn't to blame for those - at least not all by himself.
crisis, many of which I admittedly don't understand, but I have to say that
Marsha's comment was the first time I've ever heard someone try to lay the
blame at Obama's door.
The cost of everything these days is truly frightening, even without losing
your job. The thought of being without a job on top of it... That's the
stuff they make nightmares out of.
Anne
"Jeannie" <jwilson421@comcastspamkills.net> wrote in message
news:Xns9A98776E22165jwilson421comcastnet@216.196.97.136...
> I highly doubt that is the sole reason for the country's current mortgage
> crisis. I know of many people, in modest houses, who made PLENTY of money
> and were at no credit risk until they were the victim of lay-offs or
> firing
> due to outsourcing and wound up with no benefits, no income, NOTHING, who
> have had their cars repossessed, their houses are in foreclosure, etc.
> Those people, who have been self-sufficient their entire lives as working
> members of the community, working hard to keep and maintain their credit
> score are now going to be considered poor credit risks. IMO, that's one
> of
> the main reasons why the country is in a mortgage crisis - layoffs,
> offshoring work, etc.- that and gas costs an arm and a leg, food is now
> costing an arm and a leg, and the medical costs our astronomical even for
> those who are fortunate enough to have insurance through their employer.
> Obama isn't to blame for those - at least not all by himself.
Anne V. wrote:
> I'm with you on that, Jeannie. There are a lot of aspects to the mortgage
> crisis, many of which I admittedly don't understand, but I have to say that
> Marsha's comment was the first time I've ever heard someone try to lay the
> blame at Obama's door.
>
Read again, Anne. No one is laying the blame solely on Obama. I said
he is part of the reason. The Community Reinvestment Act is something
Obama supported and was part of - an act that forced banks to make loans
to people who were poor credit risks, mostly minorities. Of course, the
other part of the problem is stupid people who went way in over their
heads because they had to "keep up with the Joneses" and now want to
blame someone else and want the government to bail them out. Either
way, this mess could all have been prevented with common sense,
something that seems to be sorely lacking these days.
Marsha/Ohio
> I'm with you on that, Jeannie. There are a lot of aspects to the mortgage
> crisis, many of which I admittedly don't understand, but I have to say that
> Marsha's comment was the first time I've ever heard someone try to lay the
> blame at Obama's door.
>
Read again, Anne. No one is laying the blame solely on Obama. I said
he is part of the reason. The Community Reinvestment Act is something
Obama supported and was part of - an act that forced banks to make loans
to people who were poor credit risks, mostly minorities. Of course, the
other part of the problem is stupid people who went way in over their
heads because they had to "keep up with the Joneses" and now want to
blame someone else and want the government to bail them out. Either
way, this mess could all have been prevented with common sense,
something that seems to be sorely lacking these days.
Marsha/Ohio
Let's see now. Obama was born 8/4/61. The Community Reinvestment Act was
enacted in 1977. Obama would have been about 16 at that time. Now please
explain how he is part of the reason.
Neal
"Marsha" <mas@xeb.net> wrote in message news:g00d5j$enb$2@news.datemas.de...
> Anne V. wrote:
>> I'm with you on that, Jeannie. There are a lot of aspects to the
>> mortgage crisis, many of which I admittedly don't understand, but I have
>> to say that Marsha's comment was the first time I've ever heard someone
>> try to lay the blame at Obama's door.
>>
>
> Read again, Anne. No one is laying the blame solely on Obama. I said he
> is part of the reason. The Community Reinvestment Act is something Obama
> supported and was part of - an act that forced banks to make loans to
> people who were poor credit risks, mostly minorities. Of course, the
> other part of the problem is stupid people who went way in over their
> heads because they had to "keep up with the Joneses" and now want to blame
> someone else and want the government to bail them out. Either way, this
> mess could all have been prevented with common sense, something that seems
> to be sorely lacking these days.
>
> Marsha/Ohio
>
enacted in 1977. Obama would have been about 16 at that time. Now please
explain how he is part of the reason.
Neal
"Marsha" <mas@xeb.net> wrote in message news:g00d5j$enb$2@news.datemas.de...
> Anne V. wrote:
>> I'm with you on that, Jeannie. There are a lot of aspects to the
>> mortgage crisis, many of which I admittedly don't understand, but I have
>> to say that Marsha's comment was the first time I've ever heard someone
>> try to lay the blame at Obama's door.
>>
>
> Read again, Anne. No one is laying the blame solely on Obama. I said he
> is part of the reason. The Community Reinvestment Act is something Obama
> supported and was part of - an act that forced banks to make loans to
> people who were poor credit risks, mostly minorities. Of course, the
> other part of the problem is stupid people who went way in over their
> heads because they had to "keep up with the Joneses" and now want to blame
> someone else and want the government to bail them out. Either way, this
> mess could all have been prevented with common sense, something that seems
> to be sorely lacking these days.
>
> Marsha/Ohio
>
That was good detective work, Neal! I'm not behind anyone at this point,
but I don't believe everyone in financial trouble is to blame for bad
decisions. Some of the lending schemes out there are so bad I believe
some states have banned them or put controls on them. You don't have to
have borrowed to the hilt to be screwed if you lose a job through no
fault of your own. Anyone who is not independently wealthy would likely
find themselves in the same shoes - but because it didn't happen to them
sometimes it's easy to sit on a high horse. In this market, even if one
were trying to sell and get out from under a mortgage, they might not be
able to. Homes are sittting stagnant for months and more at this point
around here. Expenses go up and pay rates don't. Heck, I filled the
truck up tonight. It was showing low range and took around 22 gallons.
It cost me 83 bucks and change. Course I don't drive that all the time,
but people who live where I do and commute are paying dearly to commute.
If they didn't commute, the real estate prices for property and property
tax would likely cost them as much or more.
--
RaeMorrill
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I heard a professor of economics interviewed on Fresh Air a few weeks
ago, sorry I can't remember his name. He talked about how banks of
deposit like we all use, where we put our savings and checks, are highly
regulated by the government. Investment banks such as Bear Stearns,
however, are regulated less so, and they have been even less regulated
under the Republicans, so that a lot of wild and hairy financial deals
have been made in the past seven years, and the results of that are
being seen today. To blame this on Obama is the laugh of the day.
Gisele
--
Gisele
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Gisele <Gisele.3959y8@no-mx.forums.yourdomain.com.au> wrote in
news:Gisele.3959y8@no-mx.forums.yourdomain.com.au:
> To blame this on Obama is the laugh of the day.
But very typical of the one doing the blaming, huh?
news:Gisele.3959y8@no-mx.forums.yourdomain.com.au:
> To blame this on Obama is the laugh of the day.
But very typical of the one doing the blaming, huh?
"Neal" <nealbrown1@msn.com> wrote in
news:68hsq7F2t7d5jU1@mid.individual.net:
> Let's see now. Obama was born 8/4/61. The Community Reinvestment Act
> was enacted in 1977. Obama would have been about 16 at that time.
> Now please explain how he is part of the reason.
ROFL!!
news:68hsq7F2t7d5jU1@mid.individual.net:
> Let's see now. Obama was born 8/4/61. The Community Reinvestment Act
> was enacted in 1977. Obama would have been about 16 at that time.
> Now please explain how he is part of the reason.
ROFL!!
Neal wrote:
> Let's see now. Obama was born 8/4/61. The Community Reinvestment Act was
> enacted in 1977. Obama would have been about 16 at that time. Now please
> explain how he is part of the reason.
>
> Neal
>
Fair enough, but I didn't say he created it or started it. I said he
was part of it and supported it. Easy enough to misunderstand, perhaps.
Here's a link to the column. Although people may not like this
"right-wing" site, if anyone can dispute it, I'm always happy to listen
to other opinions.
http://tinyurl.com/57rfe4
Marsha
> Let's see now. Obama was born 8/4/61. The Community Reinvestment Act was
> enacted in 1977. Obama would have been about 16 at that time. Now please
> explain how he is part of the reason.
>
> Neal
>
Fair enough, but I didn't say he created it or started it. I said he
was part of it and supported it. Easy enough to misunderstand, perhaps.
Here's a link to the column. Although people may not like this
"right-wing" site, if anyone can dispute it, I'm always happy to listen
to other opinions.
http://tinyurl.com/57rfe4
Marsha
I have to agree, I dislike the right-wing site. In my search for causes for
the subprime crisis, this was the only article I found that twisted the
issue around to blame Obama. It really took a pretty convoluted path.
Others placed the blame on the lenders, prospective homeowners who expected
the appreciation of property values to continue forever and were caught out
when it didn't, fluctuations in the stock market, even the Fed, but not
Obama. I don't have time right this minute to hunt down sites that I
consider reputable enough to post links to, but I definitely don't see the
site you gave as one with any objectivity. I'll come back to this later
when I have more time.
Anne
"Marsha" <mas@xeb.net> wrote in message news:g04eek$4sn$1@news.datemas.de...
> Fair enough, but I didn't say he created it or started it. I said he was
> part of it and supported it. Easy enough to misunderstand, perhaps.
> Here's a link to the column. Although people may not like this
> "right-wing" site, if anyone can dispute it, I'm always happy to listen to
> other opinions.
>
> http://tinyurl.com/57rfe4
>
> Marsha
>
the subprime crisis, this was the only article I found that twisted the
issue around to blame Obama. It really took a pretty convoluted path.
Others placed the blame on the lenders, prospective homeowners who expected
the appreciation of property values to continue forever and were caught out
when it didn't, fluctuations in the stock market, even the Fed, but not
Obama. I don't have time right this minute to hunt down sites that I
consider reputable enough to post links to, but I definitely don't see the
site you gave as one with any objectivity. I'll come back to this later
when I have more time.
Anne
"Marsha" <mas@xeb.net> wrote in message news:g04eek$4sn$1@news.datemas.de...
> Fair enough, but I didn't say he created it or started it. I said he was
> part of it and supported it. Easy enough to misunderstand, perhaps.
> Here's a link to the column. Although people may not like this
> "right-wing" site, if anyone can dispute it, I'm always happy to listen to
> other opinions.
>
> http://tinyurl.com/57rfe4
>
> Marsha
>
Anne V. wrote:
> I have to agree, I dislike the right-wing site. In my search for causes for
> the subprime crisis, this was the only article I found that twisted the
> issue around to blame Obama. It really took a pretty convoluted path.
> Others placed the blame on the lenders, prospective homeowners who expected
> the appreciation of property values to continue forever and were caught out
> when it didn't, fluctuations in the stock market, even the Fed, but not
> Obama. I don't have time right this minute to hunt down sites that I
> consider reputable enough to post links to, but I definitely don't see the
> site you gave as one with any objectivity. I'll come back to this later
> when I have more time.
>
> Anne
>
Actually, the article doesn't blame Obama solely. It blames Obama and
those like him who worked for the Public Interest Research Group, who
lobbied for a stronger CRA. That was very short-sighted, IMO, although
maybe good intentioned. If you were owned a bank, would you like it if
the government told you that you had to loan money to people who were
bad credit risks? I don't think this is a good trait for a future
president.
Marsha/Ohio
> I have to agree, I dislike the right-wing site. In my search for causes for
> the subprime crisis, this was the only article I found that twisted the
> issue around to blame Obama. It really took a pretty convoluted path.
> Others placed the blame on the lenders, prospective homeowners who expected
> the appreciation of property values to continue forever and were caught out
> when it didn't, fluctuations in the stock market, even the Fed, but not
> Obama. I don't have time right this minute to hunt down sites that I
> consider reputable enough to post links to, but I definitely don't see the
> site you gave as one with any objectivity. I'll come back to this later
> when I have more time.
>
> Anne
>
Actually, the article doesn't blame Obama solely. It blames Obama and
those like him who worked for the Public Interest Research Group, who
lobbied for a stronger CRA. That was very short-sighted, IMO, although
maybe good intentioned. If you were owned a bank, would you like it if
the government told you that you had to loan money to people who were
bad credit risks? I don't think this is a good trait for a future
president.
Marsha/Ohio
