Wednesday, May 14, 2008

Kansas GOP misleads yet again

Now that the Kansas GOP has started their own blog, it's become a lot easier for them to make stuff up (or at least so that people can read their lies).

These days, they're misinforming the public about Barack Obama's stance on gas prices -- specifically the gas tax holiday which economists EVERYWHERE argue is a horrible idea. Apparently the KS GOP isn't casting their lot with economists either.

Think about it, if the supply of oil remains constant, and the price rapidly decreases (nearly 19 cents a gallon if the federal gas tax is temporarily repealed) what do you think will happen?

Naturally, demand for gas, which has been going down lately, will increase. For those of you who haven't taken any economics courses, when supply remains constant and demand increases, price increases as well.

Economists believe that this spike in demand would at the very least negate the 19 cents per gallon saved by the repeal of the tax and maybe even surpass it. Meaning that instead of the 19 cents per gallon (approxmately $8 billion per year) going to build roads and bridges and highways, it would go to the pockets of big oil, who don't need it.

If you don't believe me, check out what Dartmouth and Oxford educated economist Robert Reich has to say in his May 4 blog. Reich served in the Clinton administration and is a personal friend of Bill and Hillary Clinton (who is also advoating for a gas tax holiday), so it's not as if he has an axe to grind.

If the KS GOP truly believed that Obama didn't have a chance to win Kansas, do you think they would waste their time spreading misinformation about him in mid-May? Me neither.

1 comment:

Anonymous said...

and, look, i can post a comment on this blog to complain if i want to!

(i don't want to...but i would, if i so wished)

silly republicans...what are you hiding from?