Wednesday, February 13, 2008

Bush's Economic Scamulous Package

Let's do some basic math.

Americans consume approx 400 million gallons of gasoline every day.

At $3 a gallon that is $1.2 billion a day.

Gas prices are up at least 30% compared to last year. Which means that this $1.2 billion a day we're spending now was only about $900 million per day one year ago. I dont have the exact figures and we dont really need them to see that there's a serious problem here!

We are spending somewhere around a quarter billion more per day, conservatively, on gasoline than we were a year ago.

That's about $100 billion a year!! If/when the price of gasoline hits $3.50 a gallon, it will mean that the rising cost of gasoline will consume ALL of this economic stimulus money in one year. IF gas hits $4 a gallon, it will consume all of the stimulus money within 6 months.

And that says nothing about the increased cost of natural gas, electricity, food, medical care, tuition, and just about everything else that's not made in china.

This is simple math, and it says this stimulus is an insulting joke. It's an election year ploy. If gas goes to $4 it is going to blow up in their faces come november. IF gas stays where it is, or drops, it will mean there is severe demand destruction indicating severe recession. Either way, this stimulus is a joke. They know its not going to work, and once again they think people are too damn stupid to figure it out.

We need energy independence, NOT silly handouts. Especially handouts that are tacked onto the country's national credit card.


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