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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (672132)	2/14/2005 6:56:43 AM
From: JDN	Read Replies (3) \| Respond to of 769670

Buddy, I am sorry, but I dont think you understand economics very well. By ripple through the economy, I mean that a $1 a gal gas tax increase would drive up the cost of EVERYTHING, cost MANY JOBS and vastly REDUCE Federal Revenues and PAYROLL TAX receipts. It would be IMPOSSIBLE to reduce the RATE, in fact the rate would have to GO UP to offsett the losses, this in turn would ripple again, and we would go SPIRALLING DOWN. Energy is the LIFE BLOOD of Industrialized nations. The answer is to OPEN UP drilling everywhere we can, and in the interim work hard to come up with attractively priced alternatives. Besides fuels, they could give tax rebates to people who buy hybrids, we could make it easier and cheaper to build nuclear power plants. Things like that are the proper way to become energy sufficient, not TAXES OR RATIONING. jdn