Comments on: In Praise Of Obama’s Economics http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/ Fri, 08 Aug 2008 20:44:13 +0000 http://wordpress.org/?v=2.3.2 By: Why The Gas Tax Matters at Hispanic Pundit http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178400 Why The Gas Tax Matters at Hispanic Pundit Mon, 12 May 2008 07:26:05 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178400 [...] this test in mind, Obama comes out ahead. Share and Enjoy: These icons link to social bookmarking sites where readers can share and [...] […] this test in mind, Obama comes out ahead. Share and Enjoy: These icons link to social bookmarking sites where readers can share and […]

]]> By: HispanicPundit http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178072 HispanicPundit Mon, 05 May 2008 17:14:59 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178072 Gerardo, I'm curious - are you arguing that tax cuts, yes even Bush's tax cuts, don't stimulate an economy? And/or, are you arguing that somehow those tax cuts helped get us in the 'current mess'? If so, please elaborate on how you come to those conclusions...how do you connect the dots? Gerardo,

I’m curious - are you arguing that tax cuts, yes even Bush’s tax cuts, don’t stimulate an economy? And/or, are you arguing that somehow those tax cuts helped get us in the ‘current mess’? If so, please elaborate on how you come to those conclusions…how do you connect the dots?

]]> By: Karlo http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178062 Karlo Mon, 05 May 2008 10:57:23 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178062 Looking up the figures, it appears that the US consumes 25% of the world's oil and has about 2% of the world's reserves. This being the case, the McCain/Clinton taxcut on gas is probably one of the most effective policies they could dream up if our goal is to send (even more) US dollars overseas. Looking up the figures, it appears that the US consumes 25% of the world’s oil and has about 2% of the world’s reserves. This being the case, the McCain/Clinton taxcut on gas is probably one of the most effective policies they could dream up if our goal is to send (even more) US dollars overseas.

]]> By: Karlo http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178061 Karlo Mon, 05 May 2008 10:51:14 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178061 Regarding Foobarista's remark, doesn't the US account for about half of world consumption? At any rate, this idea that we'll reduce the price bubble (if it is indeed a bubble) by stimulating consumption during the season of highest demand is ludicrous. Of course, this won't happen (to my knowledge, neither McCain or Clinton have introduced bills and if they did, they wouldn't pass anyway) but this pandering to populist sentiment gives us a taste of what we can expect from a McCain or Clinton presidency. This seems especially problematic for McCain who has gotten to where he is based on the perception that he's some sort of "maverick" who is deeply principled. Regarding Foobarista’s remark, doesn’t the US account for about half of world consumption? At any rate, this idea that we’ll reduce the price bubble (if it is indeed a bubble) by stimulating consumption during the season of highest demand is ludicrous. Of course, this won’t happen (to my knowledge, neither McCain or Clinton have introduced bills and if they did, they wouldn’t pass anyway) but this pandering to populist sentiment gives us a taste of what we can expect from a McCain or Clinton presidency. This seems especially problematic for McCain who has gotten to where he is based on the perception that he’s some sort of “maverick” who is deeply principled.

]]> By: Gerardo http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178057 Gerardo Mon, 05 May 2008 04:30:22 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178057 LAURENCE B Maybe we should have Bush for another 8 years, as Im sure the MBA president with his superb economic team would get us out of the current mess HIS ECONOMIC POLICIES CREATED... I see a grab for votes telling the American people that there tax cut plans would dissproportionately go to the poorest Americans, when the opposite was in fact what happened...Cutting taxes by the Bush team rally reallly stimulated growth these last 8 years LAURENCE B

Maybe we should have Bush for another 8 years, as Im sure the MBA president with his superb economic team would get us out of the current mess HIS ECONOMIC POLICIES CREATED…

I see a grab for votes telling the American people that there tax cut plans would dissproportionately go to the poorest Americans, when the opposite was in fact what happened…Cutting taxes by the Bush team rally reallly stimulated growth these last 8 years

]]> By: Foobarista http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178031 Foobarista Sun, 04 May 2008 10:21:40 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-178031 In such a short term, I doubt demand would be affected much; American car consumption is a small fraction of world oil consumption, and even with the tax holiday gas will still be quite expensive. But in the longer term, we should probably _raise_ gas taxes and drill domestically. This would reduce gas consumption and reduce oil imports, strengthening the dollar. If we raised taxes, we should offset the tax by a revenue-neutral, front-loaded payroll tax reduction to take the stress off the poor, where the gas tax will hurt most. (That said, no way I'm voting for Obama: he's a hardcore leftist and the second coming of Jimmy Carter...) In such a short term, I doubt demand would be affected much; American car consumption is a small fraction of world oil consumption, and even with the tax holiday gas will still be quite expensive.

But in the longer term, we should probably _raise_ gas taxes and drill domestically. This would reduce gas consumption and reduce oil imports, strengthening the dollar. If we raised taxes, we should offset the tax by a revenue-neutral, front-loaded payroll tax reduction to take the stress off the poor, where the gas tax will hurt most.

(That said, no way I’m voting for Obama: he’s a hardcore leftist and the second coming of Jimmy Carter…)

]]> By: LaurenceB http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-177982 LaurenceB Fri, 02 May 2008 13:54:43 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-177982 I suspect Obama has no greater understanding of economics than do McCain and Clinton, he is just less likely to play politics than they are. In other words, it would truly surprise me to learn that either McCain or Clinton actually believe in what they are proposing - it's a cynical grab for votes by them, nothing more. That says something for Obama. I suspect Obama has no greater understanding of economics than do McCain and Clinton, he is just less likely to play politics than they are. In other words, it would truly surprise me to learn that either McCain or Clinton actually believe in what they are proposing - it’s a cynical grab for votes by them, nothing more. That says something for Obama.

]]> By: Tax » In Praise Of Obama’s Economics http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-177980 Tax » In Praise Of Obama’s Economics Fri, 02 May 2008 10:28:42 +0000 http://hispanicpundit.com/2008/05/02/in-praise-of-obamas-economics/#comment-177980 [...] Economist’s View wrote an interesting post today on In Praise Of Obama’s EconomicsHere’s a quick excerptJohn McCain, the presumptive Republican nominee for president, in endorsing a plan to suspend the federal excise tax on gasoline, 18.4 cents a… [...] […] Economist’s View wrote an interesting post today on In Praise Of Obama’s EconomicsHere’s a quick excerptJohn McCain, the presumptive Republican nominee for president, in endorsing a plan to suspend the federal excise tax on gasoline, 18.4 cents a… […]

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