(CNN) – A day after Sen. John McCain, the Republican Party’s presumptive presidential nominee, unveiled his major economic proposals, CNN Chief National Correspondent John King sat down with McCain to discuss the proposals in more detail.
“Americans need some relief,” McCain said of his proposal to temporarily suspend the federal tax on gasoline and diesel fuel. “I just think it’s kind of a good thing to do so people can have a little more enjoyable summer during tough times,” he added.
McCain, long an advocate of cutting wasteful federal spending, also explained why he was pushing certain measures that would likely delay achieving a balanced federal budget if he wins the White House. “The best way to have a balanced budget is to have a recovering economy,” said McCain.
Because there is something known as gestation period. Easier said than done – in the time gap between obtaining a viable alternative and foolishly abandoning our stronghold on regions with rich oil deposits, the energy prices will rise high enough to butcher the economy. What's happening now would be nothing in comparison.
Let's be honest, oil was one of the reasons US went into Iraq for, and it backfired – something this administration didn't expect. Otherwise US would be sitting over two largest oil deposits in the world right now.
because we have to win. but what do we win?
How would investing in alt. energy lower gas prices? Maybe in the long run, but he's talking short-term. Remember how this war was a supposed "blood for oil" cause?... where's the oil? We need to drain the middle east or drill Alaska
MEDICINE AFTER DEATH
AGREE WITH READER. THE FEDERAL TAX ON GASOLINE WILL DO LITTLE TO HELP BRING THE GAS PRICES DOWN APPRECIABLY.
GAS PRICES WILL STILL KEEP GOING UP TO 4 OR 5 DOLLARS BY THE TIME SUMMER ROLLS AROUND. BEST CASE SCENARIO WOULD BE SUBSTITUTING GASOLINE WITH NATURAL GAS, ETHANOL AND BIODIESEL.. WE NEED MORE OIL REFINERIES
AND ETHANOL PRODUCERS. CONVERT MOTOR VEHICLES TO ETHANOL. OUR COUNTRY IS THE MOST ADVANCED TECHNOLOGICALLY AND WE ARE WONDERING WHY WE HAVE NOT DONE WHAT BRAZIL HAS DONE....USING ETHANOL TO POWER THEIR VEHICLES. RECENT NEWS REVEAL HUGE
OIL RESERVES OFF THE COAST OF BRAZIL. U.S. COMPANIES
SHOULD FORTHWITH TALK TO THE BRAZILIAN GOVERNMENT
ON CONTRACTS TO DRILL FOR THE OIL AND BUILD REFINERIES
ON A LONG TERM (99YEAR CIONTRACTS).BEFORE cHINA, INDIA
AND OTHER COUNTRIES GET INTO THE ACT. fURTHER, HUGO CHAVEZ OF VENEZUELA IS VERY SUBTLY ENCROACHING AND
REACHING FOR A BROADENING HIS POWER GRIP AND SEEMS HEADED FOR A DICTATORSHIP AND BEYOND THAT DOMINATING HIS NEIGHBORS . LET US MAKE NO MISTAKE ABOUT IT. CHAVEZ
IS A COMMUNIST AND A THREAT TO OUR NATIONAL SECURITY.
HE IS USING HIS OIL REVENUES TO ARM VENEZUELA , BUYING MODERN WEAPONS FROM OUR ENEMIES.. BECASUE WE ARE DISTRACTED BY THE WAR IN IRAQ, CHAVEZ IS TAKING ADVANTAGE OF IT. PERHAPS THINKING THAT WE NOT AWARE OF WHAT HE IS DOING.