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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (622794)	8/4/2011 12:20:01 PM
From: TimF	Respond to of 1579999

With Treasury not collecting taxes, ticket prices should fall. It depends on the price elasticity of demand for airline ticket purchases, and the elasticity of supply for airline seats. If the lack of this tax is considered a short run thing (and it likely is only for the short run, it likely is perceived as being such, and for now it has only operated for the short run) Then 1 - The long run elasticity of demand for the purchase of tickets is not relevant. In the short run you are likely to have less elastic demand. People don't change the way they operate as much for modest price changes in the short run. 2 - The supply is unlikely to increase based on the short run lack of tax. So with no significant decrease in demand, and no increase in supply, there isn't much reason for the price charged to go down. If rather than just not collecting the tax, the feds repealed the tax, then over time its likely that the airlines could collect only a portion of the benefit, rather than all or nearly all like they are now in the short run.

To: Alighieri who wrote (622794)	8/4/2011 12:48:30 PM
From: tejek	Respond to of 1579999

RNC Chair: Pay No Attention To The Wisconsin Recalls, National Reporters RNC chair Reince Priebus, a former chair of the Wisconsin Republican Party, says there's no need for national political reporters to try and glean anything about the 2012 elections from the state Senate recall fight underway in his home state, where Democrats seem to have the momentum. TPM SLIDESHOW: Mad In Madison: Wisconsin Workers Protest Against Governor's Budget Proposals "I don't think its a test run," Preibus said on a conference call with reporters this morning. He added that even though some of the key issues on the ballot in the coming weeks in his home state are "a similar debate to what we're having in the country," the "the localized nature of it doesn't allow it to be analogous to the 2012 election." If the polls are to be believed, that's good news for the GOP. In one of the first ballot tests of the race last month, Democrats won big. Democrats and their allies have been running hard on a message of Republican overreach in Wisconsin, following the epic standoff between Democrats and GOP Governor Soctt Walker (R) over labor rights earlier this year. That message has extended into the nationalized fight over health care and other spending priorities, with Democrats raising big money and racking up polling successes off ads like this one: Watch video tpmdc.talkingpointsmemo.com