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Born at the Crest of the Empire

Thursday, April 27, 2006

Cheap stunts

What happened to the Republican party?

Sens. Charles Grassley of Iowa, Ted Stevens of Alaska, Pete Domenici of New Mexico and Rick Santorum of Pennsylvania, have proposed sending $100 "rebate checks" to taxpayers as their plan to combat high gasoline costs.

Mr. Pandering Republican Politician, unlike you, my vote is not for sale.

First, the amendment is being attached to the Iraq emergency supplemental. That's just wrong. Second, it's conditional that the ANWR reserve be opened. Third, at a a time of skyrocketing deficits it is utterly insane.

And, fourth, how much does it cost to cut these checks? In my old "business days," there was a substantial process and handling charge associated with cutting checks, meaning that these checks probably cost far more than $100 to issue. It's a cheap stunt and bad economics.

But, if you're gonna be stupid enough to send out these checks, why don't you send mine to one of these guys.

3 Comments:

  • Price of gas today in the Czech Republic is $4.89 per gallon. Average gross pay for 2005: $870 per month. 65% of all people here make less than that. GDP is growing at nearly 7% a year.

    Go figure.

    You make a great point about giving the money to the soldiers instead. I don't mean to sound insensitive to those on a budget, but $3.50 a gallon is not the end of the world. It sucks, but hey, it could be worse. You could be "one of those guys."

    By Blogger Praguetwin, at 11:40 AM  

  • I'm not really that stressed over the absolute price of gas here presonally, I drive a 30mpg diesel and fill up every two or three weeks, but it's how the price pie is sliced up that makes me nuts.

    I assume that a fair part of your 4.89 is a gas tax/carbon tax of some sort which over the long term serves to push consumers towards efficiency and conservation.

    Here, almost the total price goes to the oil company. Figure about $.30 gas tax and less than half the oil cost to the origin country.

    And now, these bozos in congress want to cut US taxpayers a check out of the federal treasury to cover the profits of the oil companies.

    That's messed up. At a time of record oil profits, to be using the federal treasury to reimburse consumers is just nuts.

    Mike

    By Blogger mikevotes, at 1:23 PM  

  • You are right on all counts. You don't see alot of SUVs around here.

    What the French are doing is reducing the percentage so they get the same return and it stabilizes the price somewhat.

    The oil companies should be doing the same. In every other business in the world, when the cost of your materials go up, you have to absorb that for a while, and eventually pass it on to the consumer. In the oil business, when futures go up, they raise the price of gasoline immediatley.

    What other business can you expect to make more profit the moment the cost of your raw material goes up?

    What is happening in the states is price fixing, but they can't seem to catch them.

    By Blogger Praguetwin, at 3:57 AM  

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