You could purchase fuel for $1.16 per gallon in 2001? Wow, that's absolutely amazing. :roll: You know what else is amazing? How easily people forget the skyrocketing fuel costs under the Clinton administration.

The other scary thing is that Candidate Clinton is advocating a freeze on the trouble spots of the economy, like a freeze on interest rates to prevent the poor helpless borrowers from having to pay any higher payments. Does anyone know what happened when President Carter froze the gasoline price? :roll:

This tax rebate plan is actually a shell game, but it does in fact work. An economy is not made up of a fixed amount of money, but in fact made up of how many times that money is used, the activity so to speak. An economy comes from the fact that each week people earn money, then they spend the money, allowing someone else to earn it the next week. When people get scared and hold onto that money for an extra day or two before spending it the economy slows down, and because that slows down the next people in the chain don't have as much to spend the next week. Think of it like this: In the ancient civilizations all the gold and valuables were kept in the palace, so the king was rich but the peasants lived in squallor, but allow the peasants to have a chance at owning that gold and you have an economy. The tax rebate will net the government more money in the end, because that $100 that people get will be spent at Walmart, where the clerk will be employed and taxes deducted from their paycheck, The clerk will spend that money at the grocery store, and the clerk there will have taxes deducted, and so on, Eventually the money returns in a circle. It works because people think it will work, so it actually does.

Rev I talking about before 9-11 and Dubba Bush went on his Rampage. In 2001 living in MN I could fill up my tank living in MN in the Twin Cities for right around 1.10-1.20 a gallon with out a problem. Now a celebrate when I can get gas for anything under 3.00 a gallon. Lets see here under Clinton I was getting gas normally for around 99 cents or so after buying it under Bushes dad for 1.40 a gallon now tell me Rev who raised prices.

It is not a liberal vs. conservative thing now, it is as said, total mismanagement of public funds by our government, both parties and every single member of Congress, and extremely imaginative banking and accounting rules invented by Wall Street investment firms. (which own the mortgage companies.) Initially allowed by Congress, with the urging of special interest groups, to protect the “people” but left unregulated with the urging of Wall Street. Look up in Wikopedia the definitions of Credit Default Swaps (CDS), and Credit Default Obligations (CDO) See if you can figure that one out. (Don’t feel bad if you cannot, apparently the new Fed Chairman, Berneke, couldn’t either, and had to go have a “refresher course”) The highly leveraged debt obligation instruments are held off the books. Neither a asset or liability. But if credit worthiness or default occurs a very real liability to someone.
The recent infusion of BILLIONS in capital into our banks and investment firms from China, Saudi Arabia, Dubai, etc., is a attempt to “shore up” the “off book” exposure of the banks and brokerage firms. All for a bigger share in our financial institutions. In effect the selling off of more USA assets to ISLAMIC foreign governments or COMMUNIST state backed companies.
Will the 150 BILLION money back deal help the economy? Slightly, for a very short period of time. Much depends on how much will go to the people, and how much is another example of “Corporate welfare.“ This money will be spent, and then spent again over and over , until it is TAXED out of existence. The money is then returned to the Gov’t via taxation, but the gov’t fails to calculate the possibility of savings. If people, fearing tough economic times, actually save any of the money, then the gov’t calculations of the economic benefits are incorrect and will fall far short of the expectations. Also, the fact that corporate America seeing the upcoming bad times, will raise their prices to grab more of the 150 BILLION giveaway. This will fuel INFLATION. Needing more cash infusions into the economy. But with less money coming into the gov’t coffers due to recesssionary pressures, and now inflation, the gov’t must raise taxes to make up the short fall to infuse back into the economy. So say “goodbye” to the Bush tax cut. Say “hello” to higher tax rates from the federal gov’t., state and local municipalities.

Your memory is failing you. According to this report, the average gas price in 2000, a full year earlier than 9/11 (and while Clinton was still in office, I might add), was $1.67 per gallon.

Really? Then why did Clinton dump the strategic oil reserves into the market while he was still in office? Just for the hell of it? Or was it due to the outcry over increased gas prices?

The oil companies and the refineries did. The president doesn't raise the cost of fuel. :roll:

Selective memory, I tell you. :roll:

As usual ironeagle2006 is again clueless....

Not a chance. I'm siding with Rev on this one. In '01 when the planes hit the towers, gas was over $2 a gallon and the big outcry was on how much gas would spike and price gouging would go on. I saw it on a few stations pushing $5 a gallon and Casey's actually had a government lawsuit filed against them because of it.

Gas was relatively cheap when Clinton took office, but it got more expensive the longer he was in office. I don't blame him for the rising gasoline prices any more than I blame Bush. It's a combination of refinery issues and the growing violence and unrest in the Middle East. That violence has been escalating for years...far longer than Bush has been in office. :roll:

Twilight were I lived at we got gas right up to the attacks for right at 1.10-1.20 a gallon in fact the customers screamed if it hit over 1.25-1.30 a gallon.

Big Diesel you call me clueless yet you are the one that all you do is attack people refuse to post anything constructive can you say TROLL anyone.

Rev the reason CLinton did what he did was simple called he was not in the Oil Companies Back Pockets and was actually looking out for the middle class instead of the Super Rich. Tell me this who got 99% of Bush and Regans tax cuts the Upper 1% and Big Businesses so they could ship the good paying jobs overseas and gut the middle class.

In Central Wisconsin, I was paying between $1.15 and $1.36 a gallon twenty years ago. It would go up, and then a month later it would go back down. I was driving 24 miles to work everyday, and another 24 miles back home again. But, each time it went up, it went higher than the time before, and when it came back down, it didn't come back down to it's previous level. It was doing that way back under Reagan and Ford.

Prior to OPEC, I was paying $0.17 to $0.24 a gallon. Ever since OPEC, it has started to climb, until recently when it has spiked in geometric proportions. It's been going on well before either Bush or Clinton, or Bush.

This month, Bush signed a law that will require auto makers to have an overall MPG average on all their vehicles of 35 miles per gallon, and I believe it is by the year 2020. If I'm right, by that time, at the present rate, the price at the pumps will be about $21 a gallon. Where is it coming from?

I would suggest that you go to a site called: WILLYOUJOINUS.COM (WILL YOU JOIN US) Read what the game plan is for reducing consumption. And, look at who is sponsoring the site. SHELL OIL. And, I wonder who is smiling all the way to the bank.

By the year 2020, Americans will become very inventive with horses, donkeys, and goats pulling their bicycles. But the folks on WILLYOUJOINUS almost sound like they are being brainwashed. They are having a severe time trying to envision that.

Ya know, I always hear about the Middle Class being gutted and tax cuts are always for the rich. However, I'm solidly middle class. My wife and I don't splurge, we do save, and we do OK. We aren't rich, by any means, but we are not hurting.

That said, I've done well under Bush I and Bush II and found things more difficult under Clinton, not just in taxes, but in everyday survival. Tax time, though, is a whole lot easier under Bush I and Bush II with substancial refunds every year. However, under Clinton, I received no refund and ended up paying on 6 out of his 8 years in office. THe two years I did get a refund, it wasn't enough to take my family out to dinner.

So tell me again how the tax cuts benefit the wealthy and gut the middle class. Tax cuts, when they are across the board, are going to benefit everybody the same...by percentage. A wealthy person making $10 million a year is obviously going to get a larger $$$ tax cut than someone making $50K a year, but the percentage is still going to be the same.