by Ace
He’s calling for suspending the federal gas tax, and demanding that states cut the gas tax too, or “find some other ways to deliver some relief.”
Um, if they cut the gas tax, they’ll just have to raise other taxes. States cannot run deficits. So what you mean, Joe, is that you want states to hide the true price of gas by cutting the gas tax while increasing taxes on things other than gas.
He doesn’t explain how we can both cut the federal gas tax and also pay for the road and bridge construction and repair that the federal gas tax pays for. He just insists, senilely, “we can do both.”
His call for a cut in the federal gas tax is being mocked even on CNN, where even the egregiously partisan propagandist John Harwood admits it will do nothing to “fix supply.” He notes that Obama called the call for a federal gas tax suspension a “gimmick” in 2008. When Lyin’ Biden was his vice presidential running mate, of course, under Jibracky.
Another analyst on CNN says Moody’s calls a suspension of the gas tax inflationary,” and would of course reduces money for infrastructure, which the federal gas tax funds. Which would be strange given that we’re supposedly all about fixing roads and bridges right now.
He also notes that sellers of gasoline would not necessarily pass the full savings of the cut in the gas tax to consumers. They could just pocket some of the windfall themselves, therefore blunting the hoped-for relief for consumers.
The same analyst notes that this artificially, gimmicky reduction in price will boosts demand, which is the last thing we want when supply is low and demand is high. By slightly reducing prices, it will actually increase demand, which will then drive prices right back up to where they were before the gas tax suspension gimmick.
What Biden needs to do, of course, is increase supply. This is so obvious that even CNN sees it.
But he won’t do that, because he considers his work in stunting US oil production an achievement he wants to make permanent. He’s willing to dick around with releases from the Strategic Petroleum Reserve and suspending the gas tax to provide the illusion of short term price relief, but he wants to keep the cap on US production permanent.
Because it’s part of the “incredible transition” to solar and wind power the Democrats continue fantasizing about:
Biden: "My mother had an expression: out of everything lousy, something good will happen. We have a chance to make a fundamental turn toward renewable energy, electric vehicles, and across the board." pic.twitter.com/Si4oJ7ROFg
— Greg Price (@greg_price11) June 20, 2022
He claims the US is producing more oil now, “on average,” than it did under Trump.
Note he says “on average,” not “at peak.”
That’s because the worldwide covid shutdown and attendant crash in demand for oil caused, naturally, a sharp fall in the production of oil. So Trump’s oil production, which had hit all-time records, then slowed down starting in December 2019 — lowering his “average” oil production.The claim from Democrats that domestic production is higher now than during the Trump administration is based on a comparison of four-year averages that includes the tremendous drop in economic activity at the start of the COVID-19 pandemic. Domestic oil production under Biden has yet to come close to the pre-pandemic levels reached under the prior administration, a more detailed Free Beacon analysis found.
The Free Beacon analysis of domestic crude oil production data shows that prior to the COVID-19 pandemic, the United States produced just under 13 million barrels of oil per day at the end of 2019 and beginning of 2020. For comparison, that figure is more than 20 percent higher than the amount of oil the United States produced per day in September 2021. Energy industry expert James Wilson, who runs an oil and gas economics consulting firm, says the White House is abusing statistics to fit a narrative.Biden has essentially capped energy production at the levels they were at during the lockdown — and he’s surprised that post-lockdown, demand has increased and prices have necessarily soared.
As MRCTV asks: Where are the leftwing propaganda media fact-checkers?
Biden: "For all Republicans criticizing me for high gas prices in America, are you now saying we were wrong to support Ukraine and stand up to Putin? Are you saying that we'd rather have lower gas prices in America than Putin's iron fist in Europe?" pic.twitter.com/Z7U8YIFgnM
— Greg Price (@greg_price11) June 22, 2022
Even the leftwing propagandist Jonathan Karl is forced to confess that that isn’t quite accurate:
ABC's Jonathan Karl: "The fact is gas prices were on the rise BEFORE Russia invaded Ukraine." pic.twitter.com/TYve3uhNVx
— RNC Research (@RNCResearch) June 22, 2022
And the head of the Federal Reserve Bank just contradicted Biden on this claim:
Biden needs second term In Prison with Obama,Holder and Bill Clinton,Hillary in another Women’s prison
Just two days ago joe wanted to give all drivers (that he likes) a card to give them a big discount on their gas purchase.
But, guess what?
There’s a chip shortage.
We don’t have enough computer chips for such cards.
So, now he’s going with Plan B.
And he hadn’t thought it thru, either.
He’s not fooling anyone.
He hasn’t got a clue what to do.
Neither do his puppet masters.
Read: “Lying their f**king asses off.”
Democrats have no idea how work, business and living on a budget is done. They believe businesses, if they run out of money, they can just print more money or take it from someone else, like THEY do when they are running the government. So, when he pulls the rug out from under the energy industry, they are just supposed to spend more billions of dollars to pull his fat out of the fire when they strongly suspect Democrats will cut their throats at the first opportunity, probably just after the coming elections.
Oh, and the proposed tax holiday? Ends right before the 2022 elections.
Idiot Biden blames the energy industry and gas station owners for the disaster he created, then he mocked the industry leaders for trying to reason with him. Isn’t that being a bully? Besides, they can’t reason with him; he’s an idiot moron and is not allowed to make decisions unless Obama, Soros and AOC give prior approval.
US Field Production of Crude Oil Per Day in thousands of barrels, by month and year.
The graph is above, and the monthly data below. Note the month and year when the huge drop occurred.
Because they’re not just idiots, son. They’re vindictive idiots.
07/07/22 – North Carolina Looks to Remove Public EV Chargers, Probably to the Trash -A bill currently in the works in the North Carolina legislature would allocate $50,000 to get rid of free public EV chargers unless free gas pumps are built alongside.
That sound’s reasonable.
In America, the Market decides much of our infrastructure: not unelected bureaucrats like Joe Biden.
The forcing of EV on our population, while excluding the man who has built the market (Musk) because he’s not part of their totalitarian club, is very, very suspicious.
The WEF and the governments they’ve installed (America, Canada, and others) are quite Malthusian in their aims.
The hoaxes of “climate change” and LGBT are subtle, indirect methods to do what they want: reduce the population.
Sri Lanka is finding this out the hard way.
Reject the WEF, reject any leaders/regimes they install, and reject the ESG.
If the market were deciding, corporate America’s republican tools wouldn’t be trying to kill the competition.
Democrats are the clear offenders when it comes to crony capitalism.
Biden with the Medicare scam and big pharma.
Obama when United Healthcare was his biggest donor…guess who got the lion’s share of the contracts when they rammed through the ACA?
Democrats bypass the market and try to kill off the competition.
Republicans do too, but to a lesser degree. They are all part of the same swamp that needs to be filled in.
Just the usual “say they are doing what we do publicly” rhetoric.
Biden and those who installed him are bypassing the market in both oil and EVs.
Total b.s. Trump installed corporate lobbyists, CEOs, and owners directly into the agencies that regulate them.
Update: We Found a “Staggering” 281 Lobbyists Who’ve Worked in the Trump Administration
“That’s one lobbyist for every 14 political appointees, and four times more than Obama had appointed six years into office.”
No. Trump was against lobbyists. He opposed the usual “pay to play” in D.C.
It’s a large part of why the system cheated to get him out. They were losing money because the party was over.
That’s cute you fools are trying to invert reality on this one.
From Biden lining the pockets of Big Pharma, to the Clinton Foundation, to Pelosi’s stock portfolio…
The Democrats became the cash cow of the global elite. We voted in Trump to break this.
Then they released Covid.
Obama pledged to use NO lobbyists, but did anyway. Just like his “transparency” and “honest” pledges, it was just a lie.
Trump picked whomever was capable to do the job. Idiot Biden just checks boxes.
How’s that Great Reset going, by the way?
We all notice how you can’t comment on what’s really happening, and are being paid to simply keep the “Democrats vs GOP” farce going.
There IS no competition.
The goal of the WEF and friends is to engineer this crisis, then swoop in with a “solution”…one that will definitely cost you your freedom.