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Clinton 'Not Going To Put My Lot In With Economists' on Gas Tax

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May 04, 2008 12:36 PM

ABC News' Mary Bruce reports: Sen. Hillary Clinton, D-N.Y.,  declined this morning to name a single economist who backs her call for a gas tax suspension.

"I'm not going to put my lot in with economists," Clinton said in an exclusive appearance on a special edition of "This Week" from Indianapolis.

In light of fierce criticism from economic experts, Clinton said, "We've been, for the last seven years, seeing a tremendous amount of government power and elite opinion basically behind policies that haven't worked well for the middle class and hard-working Americans. ... I know if we get it right, if we actually did it right, if we had a president who used all the tools of the presidency, we would design it in such a way that it would be implemented effectively."

The Democratic candidate also responded to claims that her proposal is not a "truthful response" to the soaring prices at the pump.

"This gas tax issue to me is very real, because I am meeting people across Indiana and North Carolina who drive for a living, who commute long distances, who would save money if the oil companies paid this $8 billion this summer, instead of it coming out of the pockets of consumers," Clinton said. "Now, look, I have long-term plans too.  I mean, it's a misnomer to say this is all that I'm doing.  It's not.  I have a comprehensive long-term energy plan that would go right at dependence on foreign oil."

Clinton also differentiated her plan from that of Sen. John McCain, R-Ariz., the likely Republican presidential nominee, who has also called for summer gas tax holiday.

"My proposal is very different from Sen. McCain," she said. "Sen. McCain has said take off the gas tax, don't pay for it, throw us further into deficit and debt.  That is not what I've proposed.  What I've proposed is that the oil companies pay the gas tax instead of consumers and drivers this summer."

Clinton has proposed using a windfall profits tax on oil companies to pay for the gas tax holiday. However, she also previously pledged to use windfall profits to create a strategic energy fund for renewable and alternative energies.

But when "This Week" host George Stephanopoulos asked if she had already spent the windfall profits tax, she said, "No ... the tax subsidies will go right into that [strategic energy fund].  I'm talking about something temporary this summer.  My longer-term plan is, yes, to put an excess profits tax on the oil companies above a certain level of profit that would go in to help us make the transition."

May 4, 2008 in Clinton, Hillary | Permalink | User Comments (237)

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Is Hillary too elitist not to listen to economists?

Posted by: Stacey | May 4, 2008 12:51:08 PM

She is in a corner and can't get out. Funny though that she is there with McCain

Posted by: Thinking | May 4, 2008 12:54:27 PM

It is something..At least she is against doing nothing..Maybe to some 18 cents isnt that much to you but when i have to pay close to $90 if it was reduced I will have more money to buy lunch or a couple more things for my kids that arent expensive..Plus her energy indepence plans..Besides where were the economists with the housing? Where were the economists with the deficit? Where were the economists with Bushes taxes? I think it is time to do something than just theorize!

Posted by: linchristi | May 4, 2008 12:57:09 PM

How is a Shell Oil lobbyist who supports Clinton's plan not an elitist?

Obama was right when he said Hillary's pandering. The thiry cents they think they're saving will be thirty cents more they're losing when the price goes up.

Posted by: kravitz | May 4, 2008 1:09:53 PM

Clinton gets things done. Obama says he will tell people the truth(explain things to people because they are too dumb to figure it out, is what he means), and then what. He has no solutions. He is full of hot air.

Posted by: John | May 4, 2008 1:10:03 PM

Hillary would make the gas tax issue work. Obama's got nothing as usual.

Posted by: Samy | May 4, 2008 1:12:59 PM

Linchrsti,

What part of "LOST JOBS" as a cost for the lost tax revenues don't you understand? The roughly $28 for the ENTIRE summer will NOT be balanced out for the road construction workers who will more than likely lose jobs because there is no money for road projects.

Stop blindly supporting a candidate and pay attention to the FACTS. The notion of refusing to even acknowledge that the people who are the experts in this area say that it CANNOT WORK is utterly stupid. It's not just Democrats saying it. It's Republicans, Independents, Clinton supporters, Obama supports, etc. Not one expert in this area says that it will work or that it will even save individuals any money in the end. Why? Because the oil companies may just choose to increase their costs even further. And even if they don't $.18 isn't even worth turning on your car, let alone going to the pump.

Posted by: Eyes Wide Open | May 4, 2008 1:13:28 PM

This article is definitely only a part of the entire hour. I watched it this morning. The meat of her message on economists is not reflected above. She pointed out that these are the very same economists that have been advising on our economy and are denying the current state of our recession. She is right to not put much stock in their opinions based on their own failed performance as economists. We should listen to the people who know how to make money because they know how the economy REALLY works like Clinton and Buffett - not the windbags in a think tank on the oil company and big business payroll.

Posted by: DCVoter | May 4, 2008 1:14:54 PM

How can people not see how patronizing Obama is in his speeches? He tells people that he will tell them the truth and then explains things that even the most simpleminded person could figure out. This guy thinks Americans have an IQ of 10.
He doesn’t look so happy on the campaign trail now that is phoniness is showing through.
NO elitists in 08'

Posted by: James | May 4, 2008 1:17:47 PM

Please....how will she get this done by Memorial Day...even the Democratic Congress has remained silent on her vote for support.

If she won't listen to experts, how will she make decisions...

Posted by: PANDER | May 4, 2008 1:18:26 PM

Hillary! If you won't listen to any of the economists now, then will you ever listen to them if they try to warn you about something? You say that the intent is relief, and you wonder why people are resisting it? Intent is one thing, what it would actually do is another - can't you think systematically? Give relief to long communters at what expense? What about the summer road maintainence jobs and those millions of us who don't commute?If you think that the oil companies will cover the 8$ billion or so lost because of it, you've got another thing coming. THAT'S just a theory. You can't see 18 cents on the gallon when the prices go up nearly double that in one month. This is just another carrot being dangled in the voters faces, hoping to pander a few more votes.

OBAMA '08

Posted by: Kenvick22 | May 4, 2008 1:25:50 PM

The only thing a windfall tax will do is give oil companies an incentive to hide their income in shelters. You don't think they have smart enough people to do that?
Worse than doing nothing, she will take money away from infrastructure.
Not to mention that she already promised to use the windfall tax for other things.
Get over her. Overpromise and underdeliver. Just ask Buffalo, NY and their shrinking population. (-4% since she promised to create jobs in 2000)

Posted by: A Sham | May 4, 2008 1:26:41 PM

Who will prevail in this war of Chinese made flag pins and a mythical gas savings? I hope it's not the uneducated and uninformed like in the last two presidential elections.

Posted by: ericmiami | May 4, 2008 1:27:23 PM

For pete's sake, is the gas tax holiday the ONLY thing George Stephanopolis questioned Hillary about? More "gotcha" reporting?

Just saw Meet the Press where Russert (respectfully) questioned Obama on a BROAD range of topics.

Unfortunately, our local ABC station (Seattle) moved the ABC Sunday show out of the Sunday morning line-up---and buried it in the late afternoon.

Posted by: Carmita | May 4, 2008 1:27:55 PM

Why should she listen to economists when it comes to economic policies!
She knows better!
Hillary Clinton is an expert in
economics, Not!
You would listen to economists for the
same reason that you go to an
accountant to do your taxes!

Posted by: reaganfan | May 4, 2008 1:33:02 PM

Funny how people will defend Hillary doing 'something' even though it is crystal clear that that 'something' is really nothing . . . but political pandering of the most elite kind.

Posted by: madeyemoody | May 4, 2008 1:33:56 PM

Hey, folks. Clinton has real and specific plan not just talk. I'm sick and tired of Obama's speech for speech's sake. Go Hillary!

Posted by: emily | May 4, 2008 1:35:00 PM

People take a breath. These are her proposals if she were President now. Remember? She and Obama are both talking about things that could be done, might be done, will be done once either one of them is the driver's seat. We should be doing this, we should be doing that. Goodness sakes people, take a breath and chill out. If she were president right now, she would immediately work with our supposed democrat controlled congress and get her policies up and running. Her total energy package is wonderful. Again, these are policy proposals both candidates are saying should happen "if we were in control now".

Posted by: Kim | May 4, 2008 1:35:04 PM

Hey, folks. Clinton has real and specific plan not just talk. I'm sick and tired of Obama's speech for speech's sake. Go Hillary!

Posted by: emily | May 4, 2008 1:35:12 PM

She says what will get her votes she is ot the person to run this country>>>>>>She can even manage her own and as far as gas she has not paid for a drop in 24+ years She is a freaken NUT Why would she listen to someone who knows as she states she knows it all just ask her>>>> HELP NC and IND send her home I read even New York don't want her

Posted by: older person | May 4, 2008 1:35:40 PM

Obama cannot give a tax credit to the people because he is beholden to the oil companies. If you want to see how if behind the media push for Obama you will see it goes as far down the rabbit hole as the Rockefellers...

Posted by: ken | May 4, 2008 1:39:11 PM

Anyone care that the Clinton v. Paul trial is starting soon? Anyone care that Hillary has been ordered to testify after the election?

Obama's pastor is nuts and I agree with the scrutiny. We are trying to learn about the character of the candidate.

Another candidate is involved in a campaign fraud trial during the same candidates senatorial run. Its public record. Are we allowed to question the candidates character yet...

How about this for a future headline.....'The President of the United States of American, Hillary Clinton, made history today by handing out the first pardon of the presidency to her husband Bill Clinton. No word yet on how much she charged him.'

Posted by: Very Concerned | May 4, 2008 1:40:11 PM

Why do I think the oil companies will just take 18 cents additional profit. They'll blame the price increase on supply and demand, but then announce a new round of record profits.

Posted by: Tony | May 4, 2008 1:41:13 PM

Who owns Obama? The big oil companies? General Electric? Obama has such a boatload of dirty friends……drip…drip if that boat springs a leak…watch out. Look at Rezko on trial right now. Rezko, as a real estate magnate in Chicago, was given a contract for 3 energy plants to be built in Iraq…. through our government. The plants were never built because Rezko got indicted, but NO DOUBT that Senator Obama helped Rezko GET that contract for Rezko. Not to mention that Axelrod was a lobbyist for Exelon (and the later nuclear legislation with no teeth), or that much of the $$$ loans came through General Electric Financial. Who have been large contributors to Obama’s campaigns, General Electric and Exelon! Who owns one of the largest loan insurance and credit card companies in America, General Electric. Who voted for unlimited credit limits and voted against a 30% cap on credit cards? Obama! Obama said he voted against the 30% cap because it was too high. Apparently NO cap is better than a cap that’s too high. Who owns NBC and MSNBC the home of anti-Hillary all the time? General Electric! Who owns Chris Matthews, Keith Olbermann and Andrea Mitchell? General Electric! Who owns Tim Russert? General Electric! Who is currently doing business in Iran? General Electric! Who owns Obama? All Obama can do is criticize and point his elitist finger at Hillary for being what he thinks is wrong for big business. Hillary cares about the small town Americans, the ones that struggle to pay bills and get to work, while all of Obama's friends go to swanky parties at fabulous mansions sipping $100 bottle wine, talking about us bitter small town Americans who don't understand the importance of making the rich richer!

Posted by: rs | May 4, 2008 1:41:14 PM

Give me a break. She does not get the economy. Neither does McCain. If she can't get the gas economics right do you really expect her to get the entire US economy right?

She messed up and she is not owning up. How typical of her. Remember Iraq vote? Go home Hillary. The time has come. You had your glory. We need fresh blood, fresh ideas, less partisan people in politics.

Posted by: fooled_once | May 4, 2008 1:42:39 PM

Wasn't this a 'conflict of interest' with George Stephanopoulus being an ex-Clinton employee. Didn't the disastrous debate teach ABC anything?

George, you have finally allowed the Clinton's to make you look again like one of their hired surrgates, not to mention loosing any creditabilty as a serious newsperson.

Posted by: Edward King, Omaha | May 4, 2008 1:43:25 PM

With this gas tax holiday issue, who is going to approved it? Has she discussed it with George Bush first? Is she talking about next year or the year 2012? what a lie!!! It is only way of getting votes.

Posted by: Peace | May 4, 2008 1:46:22 PM

The SuperDs are not amused. Most will see it a classic political pandering.

Posted by: Bob, DC | May 4, 2008 1:50:43 PM

Get a clue, people. It's not about the $30 people are saving. It's about costs and benefits. The price reduction likely will increase demand, leading to even higher costs when the holiday is over. And the loss in tac revenues will cripple the construction industry since COUNTY governments will not have money to support projects. This is hurting the little guy, not the federal government.

Posted by: Fred | May 4, 2008 1:52:39 PM

We do not need mother Pinocchio in DC.
We have them enough as family. Than sooner we dump here then better. We need educated people who know how to listen...

Posted by: lastname | May 4, 2008 1:53:41 PM

Classing someone as an 'expert' does not mean that they are neutral!

Tax policy is fraught with political spin. Clinton is advocating a direct redirection of oil profits on a temporary basis.

Why is Obama really sneering at this practical solution? Is it that he actually wants to protect monopoly-driven oil company profits? That's the Univ. of Chicago school economics plan -- let the free market save us all!

Posted by: Kal | May 4, 2008 1:54:12 PM

Why listen to people who devote their lives to things and know stuff when you could be Queen Clinton? The gas tax holiday is disaster, whether you realize it or not.

The reason it matters is that it shows Clinton lacks a basic understanding of economics and the likely big-picture consequences of lowering the gas tax as an economic incentive during a time when our main goal is trying to reduce gas consumption, that or she knows and doesn't care. I'm not sure which is worse.

Obama is trying to point that out to everyone, but apparently only a select few have the brainpower to process it. It must be frustrating running for President, trying to explain basic concepts to people you need to vote for you.

Posted by: Chris | May 4, 2008 1:56:18 PM

The reason USA is leading the world is because of its scientific leadership is everything from going to moon, rockets, satellites, medicines, agriculture, manufacturing, etc.

We don't rely or trust our scientist, yes economists are scientists of economy, then something is wrong with that kind of leadership. Hope people vote with brains not their biases.

Arni, Austin

Posted by: Arni | May 4, 2008 1:57:15 PM

Hillary's arrogance and denial about this MAJOR ploy to get votes and then dismiss the economists opinions about the gas tax holiday as unimportant is rediculous. Let's concentrate on this error of judgement and question whether it has hurt her campaign. If it hasn't, then we are as dumb as she hopes we are in her pandering for votes. Come on press, media and Americans , let's call her on this one! The economists are pros and she is a deceiver. LaDonna in WV

Posted by: LaDonna Wilson | May 4, 2008 1:57:27 PM

This is one of her most blatant attempts to date of pure political pandering. I'd say it's the worst but the campaign isn't over so she has more time.

Just another example though of why it's time for America to say...

HILL No!

Posted by: Tom | May 4, 2008 2:00:06 PM

Okay. Help me here.

HC eliminates the gas tax.

To pay for the road work HC makes the oil companies pay the 18 cent gas tax.

So then the oil companies raise the price of oil enough to pay for the tax.

That price increase gets passed on the consumer, making up for elimination of the gas tax.

And the consumer gets what exactly?

Posted by: Adam | May 4, 2008 2:01:08 PM

How does she even come up with an economic policy without economic experts?? She thinks all this stuff up by herself? Right. That's why all this b.s. about Obama being inexperienced is just that. Once elected, they all surround themselves with 'experts'. HRC's 'experience' is in campaigning and backroom dealing. Obama has just as much experience in 'representing'. HRC remains -divisive-, Obama's change can get people together and pressure on those who won't come together to work on our problems. HRC is more of the same sh*tuff, different day... doesn't matter, she doesn't have the math to win anyway, an economist would have to explain it to her.

Posted by: RR | May 4, 2008 2:02:57 PM

You are correct Hillary.
Look at the economy and tell how the EXPERT econo mYstics have done so far!
We have gone under and who do you turn to... the same dopes that dug the hole.
Obama never has any solutions or plans.
If he does mumble some it has been said by others.
He inspires no one unless he has someone else to write a speech or he mimics someone else. He puts me to sleep when trying to get his tongue around a word! Never does he have any original ideas.

Posted by: HP Boston | May 4, 2008 2:04:28 PM

The problem I see with Hillary's plan is why just target the petroleum companies? A law like this would have to span all companies and corporations in order to be passed, and we all know this isn't going to happen. It's pandering plan and simple. She knows full well it'll never happen so she's safe in making this a standing point of her campaign.

Posted by: JustBuzz | May 4, 2008 2:04:34 PM

Gee. How very GWB of her. He didn't throw in his "lot" with the experts on WMD. He didn't throw in his "lot" with the experts on Iraq. He hasn't thrown in his "lot" with economists who warned about every facet of the credit and mortgage crisis we now face.

Couple all of that with her recent "with us or against us" comment, and I'd say the transformation is complete.

A vote for HRC is a vote for the third term of George W. Bush. Those of you who support Clinton - you wonder why Obama supporters can't stand her. THIS is why.

Posted by: RenaRF | May 4, 2008 2:05:28 PM

The reason its pandering is she has no way to get the gax tax relief passed for this summer, she's not the president yet and she won't be able to get anything passed in time from the Congress. So she can go around saying she's for it, knowing it can never happen but since she is saying she's for it, she wins votes. That's what people need to realize. The summer will pass without the removal of this tax and she knows it but she can say well I was for it. This way since it really doesn't make sense as the economists say, she gets to say she wants this, but it won't really happen and cause worse problems she knows will probably happen such as road workers losing their jobs. As people say she will do anything to win. Right now there will be people in North Carolina and Indiana who will vote for her just because they want this gas tax relief and she has no power to deliver that to them and it won't happen yet she got their vote. Mission accomplished for her.

Posted by: Donna | May 4, 2008 2:06:19 PM

She's not going to listen to economist because she know she got it right?? Does that mean as President she won't listen to the Federal Reserve, the cabinet or Congress? She's already planning on ignoring the military commanders and pull out of Iraq. She also said we would olbiterate Iran [..which produces a lot of oil]. Hillary is like Willy Coyote, super genius, just before he goes off the cliff.

Posted by: Chris336 | May 4, 2008 2:06:33 PM

What? Hillary won't listen to people with, say, 35 years of experience on these issues?

Posted by: krashing | May 4, 2008 2:09:48 PM

So she's going to abolish the tax on buyers and impose the same tax on oil producers... who will then raise their prices, essentially forcing the consumers to pay that tax. You don't need an economist to tell you this. You just need common sense.

In the end, nothing would change, apart from the millions of dollars spent to implement this idiotic policy.

Posted by: fjfjdvdv | May 4, 2008 2:11:42 PM

What would Obama do. Certainly not pander to the people. Seems like Obama is pandering to the big oil companies right about now. Next up, Obama will trot out his expert on Hamas and Middle East Policy, Jimmy Carter, who likens Israel to an apartheid state. Wright said that Obama is anti-Israel. Wright is telling the truth. Obama is not for the middle class people. Obama does not care what Americans have to say to him. Obama cares what the executives at the big business tell him to do and the heads of the hate groups he associates with tell him to do.

Posted by: calli | May 4, 2008 2:12:08 PM

Toa all those who thionk Hillary is pandering ... what solution has Saint Obama put forward.... none... no specifics ever! it is no accident that Hillary is on a solutions tour... Obama will be impotent just as George W Bush believe me!!

Posted by: staniam | May 4, 2008 2:12:29 PM

I'm a little sick of people saying "at least she has a plan." The truth of the matter is that there is no real quick fix for sky high gas prices. We would have to drill deep into Alaska, build more refineries, or strengthen the dollar. So, it really shouldn't bother people that Obama doesn't have a plan to immediately fix our gas woes. It's better than having a plan that is counterproductive. George Bush had a plan and look at where we are now!

Posted by: prn2oblivion | May 4, 2008 2:12:47 PM

If you take away this tax . .U cost people their jobs . .There is no argument there from all 3 Candidates . . Hillary is proposing to tax the oil company's . .Great idea but u have to get it thru congress . .which will not happen . .so she knows this is just a ploy . .Think about it with no emotion . .

Posted by: RabbitEnigma | May 4, 2008 2:12:49 PM

Shifting the gas tax to oil companies will not put that price back on at the pump.

Economists who specialize in tax incidence long ago found that increased costs like that generally get shifted to corporations' factors of production -- to shareholders, suppliers, and employees. In other words, the tax will not end up on top of market-driven pump prices.

Of course, anyone who is determined to support Obama no matter what the facts are and no matter what is going on for ordinary Americans won't care about this either! So rant away, guys, your candidate is so elitist!

Posted by: Kal | May 4, 2008 2:13:40 PM

To paraphrase Steven Colbert, economic facts have a well-known bias toward reality. Fortunately, Clinton's plan avoids that bias. Like our president, Hillary can see through the fog of facts. She, too, values "truthiness" over reality.

Onward to 4-8 more years of truthiness ! The climate can stand it, our economy can stand it, America's reputation in the world can stand it.

More important, by avoiding gas taxes, I'll have an extra 30 cents a day to spend. Unless the local gas station juices prices to compensate, that means more gas for my 11 mpg petrol hawg.

Life good. Belly belly good for me ! Thank you Hillary for seeing the public interest over your own self interest.

WHEEEEEEeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee !!

Posted by: Ron Riley, Evergreen, CO | May 4, 2008 2:14:37 PM

Hillary's not going to put her lot with economists. But Congress will. People who buy into this grotesque pandering will, unfortunately, be sorely disappointed.

Posted by: Ramona1 | May 4, 2008 2:16:44 PM

Hillary Clinton has primary election debt - yes she does. However, she also maintains $32+ million in reserves, which will become available to her campaign at the end of the primary season. Part of that amount is what she will use to liquidate any "debt' left over from the primaries. She will exit well in the black. If she wins the nomination, then her debt will simply go away as a result of new donations. In either case, she has planned well in advance. I call that responsible and very intelligent.

Posted by: Barbara | May 4, 2008 2:18:02 PM

PRN

THats exactly what it would be George Bushes plan if Obama gets in there is nothing about him thatr says hes for normal people if you all want to go out and create an elitist national party go ahead and do so the Democrats dont want you... leave!

Posted by: staniam | May 4, 2008 2:18:06 PM

This woman is incredible. To hell with facts, full speed ahead. Just what we have had for nearly eight years.
Clintush??

Posted by: Richard McDonough | May 4, 2008 2:19:43 PM

Clinton and McCain both have it wrong, truth be told. Clinton, however, has it even more wrong! It's one thing to eliminate taxes on oil, deprive the government of infrastructural funding, and increase the gas prices by creating greater demand. When you tell oil companies to pay taxes meant for their customers, they will certainly pass that price onto consumers. Her plan is the most insane.

Posted by: prn2oblivion | May 4, 2008 2:21:35 PM

Do people realize that the gas tax is .18 per GALLON, not per dollar?

It's NOT $90 X .18 = $16.20 savings

It's 22 gallons x .18 = $3.96 savings

Posted by: belly | May 4, 2008 2:22:08 PM

Right. Just what we need. A president that thinks they are an expert on everything. So she thinks that, as a senator, she can freeze gasoline prices for the summer, drop the tax, and pass a new tax on oil company profits, with two oil men in the WH? Yeah, that will happen.

Posted by: Louis | May 4, 2008 2:24:56 PM

Ted

Nobody wants to be in his administration .. that bs about how everyone is going to flock to his administration regardless of Party or race etc will never be like what Pres Clinton had he was able to work with an opposition party please dont waste the Obama campaigns money by trying to influence people that cant be influenced we will take you down!

Posted by: staniam | May 4, 2008 2:28:17 PM

Hillary has run an absolutely incompetent, bungling campaign, given the advantages she had a year ago.
Maybe it's because she always pokes her finger in the eyes of experts, just like she's doing with this gas tax fiasco.

Posted by: FilmMD | May 4, 2008 2:28:45 PM

Do you think gas prices are going to keep going up over the summer? Do you think the oil companies are going to willingly stop gouging middle class Americans at the pump if politicians sit back and DO NOTHING? Which is what the old Washington has been doing about gas prices - NOTHING! Moms have to worry about paying for milk and gas now, that's crazy! And you want to criticize Hillary with coming up with a PLAN - which is better than doing nothing - to save middle class people some money over the summer. You Obama supporters probably don't know what it feels like to have to choose between paying for day care, gas and milk. Life is sure tough in Obama mansion, wine drinking, designer clothes and finger nails land. Obama says who cares about saving you money? Do you think Hillary has gotten the attention of the big oil companies? Yes. If the big oil companies know the hammer is going to fall on runaway profits, they will have to stop the gouging.

Posted by: frisco girl | May 4, 2008 2:30:48 PM

Ted

I remember the 70s the point is that the Oil Companies make too much abnd thats a fact and Obama will not do anything about it you cannot debate me about Obama he is wrong period and you will find that out we will not back down!

Posted by: staniam | May 4, 2008 2:31:24 PM

The gas tax holiday is bad economics, of course. No debate there. But the much larger problem is the candidate's contempt for economic expertise. Any president's presidency flies or dies on the backs of experts. If she disdains sound economic judgment now, why should voters think that she will do a 180 if she becomes president? Pass this one by.

Posted by: Marvin McConoughey | May 4, 2008 2:31:34 PM

About Hillary's health plan. As anyone with a small amount of knowledge in capitalism knows "competition is good". I order to have a mandated health insurance plan, you'd need to have multiple vendors. They'd all have to agree on the same amount of coverage for the same cost. Where is the competition? There isn't any! Do we see auto insurance, which is mandated, do this? No! Does everyone driving a car have insurance? No! So just how does she plan to accomplish this? Choose one provider over another and drive all that money to one company? I think not! Her health plan is just as bad of pandering to the public as her gas tax holiday. Hillary's closed door venture with health insurers, during her husbands terms in office, failed because she couldn't get them all to agree with her. It's just not capitalistic, and that's what our society and way of life are built on. Bottomline is her plan can't work without creating a socialist health insurance system. At least Barack isn't pandering and saying that his health plan is going to cover everyone, but he's going to make the insurance companies be competitive. Also, why does Hillary like her closed door meetings? Shouldn't the public be aware of issues that are going to affect their wallets? I don't know about you but I believe that government should be more transparent

Posted by: JustBuzz | May 4, 2008 2:31:55 PM

Even high school kids are taught some basic economics these days, and the most important is the rules of supply and demand. If prices go down demand is greater. If demand goes up prices go higher. This doesn't even have to include the fact that since she wants to tax the oil companies that the oil companies will pass that cost on to the consumer. What I really want in the White House is someone that will not listen to the experts! NOT!

Posted by: Ann, MO | May 4, 2008 2:32:50 PM

Can someone please tell me how Hillary gets away with calling Obama an elitist when she went to an Ivy League school as well and her and her husband are cashing in on Bill's presidency to the tune of $100 million dollars over the last seven years? I keep hearing Obama who graduated from Harvard, well Hillary graduated from Yale, what's the difference? And she didn't know how to pump gas or use a coffee machine when she stopped at a local convenience store in North Carolina. But yet the elitist label is passed off on Obama and doesn't stick to her. Why do white blue collar workers see her as one of them when she is far far from it? Doesn't it make you guys mad that they have so blatantly cashed in on their public service? And last but not least, will someone please tell me why white blue collar workers who want universal health care think that she will be successful this time when she so horribly failed to this when she was first lady and Bill put her in charge of healthcare. We have with her actually already seen her in action in the role of trying to bring us healthcare and it was a complete failure. Why hasn't anyone brought this up? We have already given her one chance, doesn't anyone remember anything? And yet people are voting for her to give her another chance to try again. Wake up people, why repeat the same mistake again? I can't understand why no one questions her on this, asking her why does she think she would be successful this time when she was totally ineffective last time? We've already tested her one time, but everyone has such short memories. Let's give someone else a chance or else its going to end up the same way. She couldn't get healthcare passed last time, and she probably knows she can't again. She just wants power for power's sake. Please hold her accountable for her past failures instead of giving her a free ride.

Posted by: Rick | May 4, 2008 2:34:28 PM

Rick

Obama made 40 million in less time fool me once shame on you fool me twice shame on me you all will be put in your place on this make my words

Posted by: staniam | May 4, 2008 2:40:39 PM

Stanium ...

There is no sane, practical plan to decrease the price of oil in the near future.

Insane plan: threaten Iran with MAD if they don't give us their oil dirt cheap =)

Posted by: prn2oblivion | May 4, 2008 2:40:47 PM

Exactly...why is Hillary's pandering worse than Obama's pandering????

All politicians pander. All politicians mislead. Why do you think Obama is trying to learn how to communicate with with blue collar workers? Talking about arrugula probably doesn't help his case, however.

Obama appears "weak", and I thought this even before I read a statement by a former colleague in the Il. Senate who said Obama earned the reputation of "gutless" and "absent" when it came time to make the tough votes. Sen. Ted Stevens said Obama "folded like a cheap suit" when time came to take a stand.

Given Obama's rep for weakness, maybe Obama's supporters can explain how he's going to transform Washington, especially since he's indebted to special interests as we speak. Have you all actually thought about this to any degree? I know many of you are young folks who haven't followed the political process for very long, and you're a bit naive, but maybe you should give it a bit of soul searching thought. He's not known to be very adept at working across party lines as Hillary has done, so again, how's he going to make this earth shattering transformation happen??

His ambition shows above all else, and his colleague's in the Il.Senate said this is one trait Sen. Obama has that all could agree upon.

hrc'08

Posted by: kmb08 | May 4, 2008 2:40:53 PM

What a great plan - the more you drive the more you save.

One fellow says he'll save $90 this summer. To get that kind of 'savings' he'll have to buy 500 gallons of gas - at 20 mpg that's about 3300 miles a month. Perhaps taking the long way home will help him save $100.

I don't care who's plan it is. It is pure and simple nonsense.

Posted by: Kees | May 4, 2008 2:42:01 PM

It has long been stated that no two economists ever agree on anything.

Folks, Senator Clinton has proposed a temporary fix AND a long-term fix. The former (dropping the oil tax for the summer) may be ineffective as a "policy", but it can provide some temporary, short-term, needed assistance to the small businesses and independent truckers whose livelihood is currently on the line. The risk is minimal if the monies are recouped through a windfall profit tax. Clinton proposes such a tax to inform the oil companies of her intention for her long-term policies which is to say to the oil companies -- "get used to it, you will not continue to enjoy outrageous profits while the rest of our society suffers under my administration."

I am surprised at the scoffing by the Obama supporters. Isn't this exactly the kind of bold leadership for "change" Senator Obama keeps touting? He keeps telling us all how he intends to "take on the lobbyists" -- ok, now is his chance. Who do you think most professional economists work for in this culture -- the working poor or middle class? Get real.

Posted by: Barbara | May 4, 2008 2:46:22 PM

Ted

Obama will not become President period you can wish all you want but I know you are getting scared!

Posted by: staniam | May 4, 2008 2:46:35 PM

Barbara

Thanks, you said it better than I did but the point was taken by sensible people anyway!

Posted by: staniam | May 4, 2008 2:48:24 PM

Ted

Exactly if you dont vote for her its your propblem because Obama will not win and may not be nominated!

Posted by: staniam | May 4, 2008 2:49:56 PM

Barbara: Obama and his minions WOULD think that the gas tax idea was a good one, if he came up with it first.

Posted by: Fred | May 4, 2008 2:50:55 PM

TedDaddy: I guess I don't have the benefit of hanging with the fabulously wealthy billionaires at their San Francisco mansions, drinking $100 bottle wine, and talking about my sweet new ferrari or bentley that I'm driving on the weekends for fun - and my work week car is an escalade. No, don't have your perspective on things. Just like you and Obama do not have any perspective on what it's like to be working class. Obama wouldn't be able to survive. It would be a very bitter pill for him to swallow. Maybe MSNBC could start a new Obama reality show! Michelle and Barack doing the Paris Hilton and Nicole Richie thing - yeah, simple life of the Obama's! That would be fun to watch.

Posted by: frisco girl | May 4, 2008 2:52:51 PM

I'd like to see these magical "tools of the presidency" that will miraculously change our status without the help of the people who study the economy day-in and day-out.

And who's to say they just won't raise the price of gasoline to make up for what they have to pay for in taxes? They can do what they want. She's acting like 18.4 cents off each gallon is going to make gas FREE or something. >.<

Posted by: Jessica. | May 4, 2008 2:53:18 PM

Clinton is about as bold and hungry for change (the bad kind of change) as George Bush. It wouldn't surprise me one bit if she puts more than half her stock revenue comes from oil this summer. It also wouldn't surprise me if she doesn't cherry pick an economist to sell her great idea to the people.

Posted by: prn2oblivion | May 4, 2008 2:55:50 PM

I don't care about pandering. What I care about is the Democratic party is about to nominate a man who no experience, who is ahead in deligates ONLY because people voted for him knowing nothing about him. NOW they know the bitter remarked and about Rev. Wright and many regret their votes. Obama WILL loose in November now what we know more about him and somehow the Democrats have to fix this.

Posted by: Ryan Healey | May 4, 2008 2:56:47 PM

OK you Hillary know it all's, just where is Barack misleading you? And please stick to the issues that plague Americans. No going off the issues with Wright's comments or Ayers or bittergate. Try to stick to the issues that matter. Make an agrument.

Posted by: JustBuzz | May 4, 2008 2:56:48 PM

I'm proud for the Clinton's making so much money after they left the WH. They're super smart, work their hearts out, and they do tremendous work through the Clinton Foundation, e.g., help fight aids in Africa, give relief to Katrina victims, give relief to tsunami victims, help impoverished countries receive foods and medicines, so do a little research before blasting the Clintons' wealth.

The Clintons were the financially poorest couple to enter the WH in a very long while. They left the WH only earning a little over $300,000. The Obama's made over $4 million last year. I'm sure if Obama happens to become Pres., and after he leaves the WH, he'll make speeches, write books, and earn even more than the Clintons. Are you Obama supporters opposed to him doing this? The Clintons gave more in charitable donations and paid more in taxes than most in their tax bracket. The Obama's paid a measley 3% in charities.

To help a few Obama's supporters out: Elitism isn't a financial position...it