Donkey Punch

May 2, 2008

On Jumping the Shark (Now Updated with More Shark Jumpiness! X2!!)

Let’s talk economics.

The rules of supply and demand are pretty simple. Demand goes up, prices go up. Supply goes up, prices go down.

Conversely, if prices go down, demand tends to go up. If prices rise, demand falls.

Enter the John ‘YOU DAMN KIDS GET OFF OF MY LAWN!’ McCain. He and his team of brilliant advisers have come up with a great idea. Let’s have a holiday from the gas tax this summer. Sounds good, no? Not.

John McCain is proposing to eliminate the 18.9 cent federal gas tax as a way to ease the burden of rising gas prices on his friends, the regular Americans. But what does this mean?

If we lower the price of gas, demand will go up, which will in turn drive prices up. So we take $.20/gallon away from the Federal Treasury. More people feel inclined to drive this summer because gas is cheaper. The price rises to the cost with the tax, except now the oil companies are making the $.20/gallon instead of the Treasury. That is his brilliant plan.

So not only is it a bone headed idea, but it flies in the face of the fact that we need to be encouraging people to drive less, both to help stabilize the price of oil, but also because the last time I checked the consensus of the global scientific community is that we have a wee problem with carbon emissions.

So of course both Democratic nominees oppose this, because they are both smart people with wise economists on their side, right? Wrong.

Hill’s down. Granted, she wants to finance the cut with a windfall tax on the oil companies’ profits whereas McCain just wants to write Big Oil a blank check, but she’s still firmly in the Voodoo Economics Camp. When was the last time Shrub, Jr. let a bill go across his desk that cut into rich people’s profits? Never, that’s when. So her plan is both irresponsible and logistically impossible. So either she’s dense as old growth, or she’s trying to pander to the low information voters. Either way stinks.

This is not a responsible plan. This is not a plan a responsible leader would endorse. This is election year shenanigans at their most pitiful.

I’m calling it. Hillary has jumped the shark. Stick a fork in her, she’s done.

Update:

“I’m not going to put in my lot with economists,” Hillary told George Stephanopoulos this weekend, ““Elite opinion is always on the side of doing things that really disadvantages the vast majority of Americans.”

What other recent President doesn’t believe in the opinions of ‘experts’? I’m drawing a blank…

When will the Hillary model come out?

Updated Again:

Damn that shit is dumb.