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June 22, 2022
Lyin' Biden Proposes Suspending the Federal Gas Tax, and Urges States to Cut State Gas Taxes, But Proposes Nothing to Increase Supply; Claims He's Producing More Oil Than Trump, and Claims Only the War in Ukraine Has Caused Increase in Gas PricesHe'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:
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. 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?
Even the leftwing propagandist Jonathan Karl is forced to confess that that isn't quite accurate:
And the head of the Federal Reserve Bank just contradicted Biden on this claim: RNC Research @RNCResearch
Men who shower with their young daughters have a lot of practice lying. | Recent Comments
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The Morning Report — 5/ 8 /25
Daily Tech News 8 May 2025 Wednesday Overnight Open Thread - May 7, 2025 [TRex] Gird Your Loins Cafe Quick Hits Dozens of Masked Terror Supporters Storm Columbia "University's" Library as Actual Students Attempt to Study for Exams More Than 60 US Servicemembers Were Injured Building Biden's Grotesque Hamas-Appeasing Gaza Pier -- A Figure That Was Covered Up Until Now Conclave to Elect Next Pope Begins A "Foreign Aid" Official Who Blocked DOGE from Seeing Agency Records Had a Personal Reason to Stop the Audit AG Pam Bondi Reviewing Tens of Thousands of Jeffrey Epstein's Child Porn Videos Search
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