As both Senator McCain and Hilary Clinton push for their ‘gas tax holiday’ for the summer, leading Economists are coming out in opposition to it, which frankly, is about time they started to live in the real world. Neither Senator McCain nor Senator Clinton are concerned about finding real solutions to the ever increasing problem of High Fuel Costs.

Harvard professor N. Gregory Mankiw, who has written a best-selling textbook on economics, said what he teaches is different from what Clinton and McCain are saying about gas taxes. “What you learn in Economics 101 is that if producers can’t produce much more, when you cut the tax on that good the tax is kept . . . by the suppliers and is not passed on to consumers,” he said. (source)

It is simple logic, common sense, which it seems most politicians are devoid of these days. The issue is that the Oil Industry is not about to reduce it’s huge profits, simply because Hilary or John want to score some cheap political points. I suppose if WE THE PEOPLE, are that stupid, and continue to elect the likes of Clinton, and McCain and Bush, then we get what we deserve.

Really is simple, the solutions of yesterday, are NOT WORKING TODAY. Tax Cuts, Holidays, whatever you want to call them, does not address the real issue. Too much emphasis is being given to the price, and not WHAT IS CAUSING THE PRICES TO RISE. With consumer spending stagnate, with jobs declining, imports rising, it is perhaps time to address the real issues. Something neither John McCain nor Hilary Rodham Clinton are doing, when they use cheap political tricks, to garner support.

Sure it sounds nice, to have a drop in the cost of gas for the summer, but it would be a lot nicer to have that drop last a damn site longer. It would be great to go visit the relatives across the coast, without it costing an arm & leg, but it would be a lot nicer if the weekly food budget would buy as much today as it did just a few months ago. I mean those are the things that count, not whether or not some Politician can get elected on fake promises, fake concern for what effects the Middle Class.

Leonard Burman, director of the Tax Policy Center of the Urban Institute and the Brookings Institution, said the laws of the market argue against a tax suspension. “Every summer, the refiners are running full out. If the price fell, people would want to drive more and there would be shortages,” he said. “It’s a basic economic principle that if the supply is fixed, the price is going to be determined by demand.” (source)

Frankly, it is typical Clinton. To PRETEND TO CARE, but just like her photo op, she claims sympathy over the high cost, rides with a worker to get gas, while her SUV IDLES NEARBY. I mean come on, give me a break here. Her and Hubby earned over ONE HUNDRED MILLION DOLLARS since leaving the White House, now someone explain to me how that makes her AWARE OF PROBLEMS FACING THE MIDDLE CLASS? If she cares so much, if John McCain cares so much, why the hell aren’t they at least cutting down on the number of vehicles they use for their motorcades, or how about simply actually talking about alternative fuels?

Hell, if she really cared, why isn’t she and her good friend John McCain, aiming their sights on the Oil Industry, and talking about added taxes, or regulations, to insure that the price at the pump truly reflects the demand? Let’s be honest, oil workers in the North Sea go on strike, price of gas at the pump go up, a tanker is attacked by pirates in the gulf, gas prices at the pump go up, some airhead talks about the potential of closing the straights of Hormuz, prices go up at the pump, and yet when the talk has died down, the strikes have ended, DO THE PRICE AT THE PUMP GO DOWN?

Use your head, the price of gas will continue to rise, until some HONEST LEADER steps in and forces at least some ACCOUNTABILITY. With their political cheap trick of promising immediate help, Clinton & McCain show THEY AREN’T THAT LEADER.