S11 EP112: Hour 2 - The Gas Tax Holiday
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 22 June 2022
⏱️ 39 minutes
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Transcript
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| 0:00.0 | Hello there. It's Eric Eurkson here. I hope you're doing well. The full number 8779773-745 should you wish to be on this here program. I've got to play you some audio. I got to find it all of a sudden. I had it and then I closed the window. |
| 0:23.0 | And now I've got to get it back. |
| 0:24.1 | This is a campaign commercial that Barack Obama ran against Hillary Clinton in 2016 in the Democratic primary. |
| 0:45.8 | Listen to this. |
| 0:47.9 | More low-road attacks from Hillary Clinton. |
| 0:50.7 | Now she's pushing a bogus gas tax gimmick. |
| 0:53.5 | Even Governor Easley called such plans a subsidy for oil companies. |
| 0:57.0 | They'll simply raise prices and pocket the difference. Clinton aides admit it won't too much for you, but would help her politically. |
| 1:04.0 | So here's the choice. Clinton gimmicks that help big oil or Barack Obama, a real energy plan and a thousand dollar middle class tax cut |
| 1:12.8 | to help families truly pay the bills. I'm Barack Obama and I approve this message. |
| 1:18.2 | That was Barack Obama. That was run in North Carolina in the Democratic primary there, |
| 1:23.8 | the North Carolina primary, was what pushed Barack Obama over the line, if I remember right, |
| 1:29.8 | in 2000, not 2016, I said, 2008 in the Democratic primary. In 2008, Barack Obama attacking Hillary Clinton |
| 1:39.6 | for proposing a gas tax holiday. Now here is Alston Golsby, one of Barack Obama's chief economic |
| 1:50.5 | advisors during his time in the White House. Yeah, I think the money that would go to the Federal Highway |
| 1:59.9 | Trust Fund, they would just have to borrow it. |
| 2:02.6 | I think the bigger problem that people should think about is in an environment where the supply is |
| 2:10.6 | constrained, when you get rid of the tax, if you got rid of the tax, it might very well be that the refineries simply |
| 2:20.8 | raise the price and they say, hey, thank you very much. |
| 2:25.0 | You basically, rather than cutting the tax and getting it passed through to the consumers, |
| 2:30.6 | did a thing that got passed through to the refineries. |
| 2:33.1 | So the consumer's actual benefit might be even smaller than what it first looks like. |
... |
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