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When Obama gets into office, there will be massive inflation.
Let's say the company brings home a net of 10% of the cost of gas.
If gas is $4.89/gal, that's $0.49 profit.
Now, Obama wants about 45% of that profit, so that leaves the business with $0.27.
So the gas business would need to raise the price in order to break even.
Possibly a 50% inflation.
Gas would now cost about $9/gal in order to support the business and keep it going PLUS be able for the business to give those handouts to OBAMAs people.
the insanity in this post is going to be preserved for a few weeks...
For those that will get all crazy over this thread.. Don't take things so serious.
I disagree strongly....gas prices will stay about the same as today or even go down. Obama's tax plan is going to cause millions of people who work for small businesses to be out of work, and will also cause a lot of small businesses to shut down. This is going to create a heavily weakened demand for oil, because people just won't be traveling, taking vacations, etc. when they are unemployed.
So I guess on the upside, an Obama Presidency will bring the price of gas down...but man what a downside.
Obama's tax plan, which is raise taxes on everyone even after promising he wouldn't, is going to hurt small business owners.
As for gas, the new environment tax he is going to put on it to push consumers to go towards alternative fuel sources will be pretty high, so it will go up.
No, the dollar will rise against other currencies upon election of Obama. Have you seen the how much he is favored around the world? Higher dollar means lower gas prices for us (oil is a commodity mostly sold in US dollars), higher gas prices in other countries... again, kinda like the 1990s under Clinton.
Nice selective reality you provide for yourself. Of course we'll all be out of work because no one outside of America will be able to afford American products. How about we make fuel affordable by producing our own. That way we don't have to fight wars to protect the supply.
It depends on a lot of different things doesn't it? If the windfall profits tax is imposed or any other significant tax for that matter then you may not see the price raise but you very well could see the return of the Jimmy Carter gas lines since they'll just cut production. Of course I guess whoever's in office could do a Chavez and just take 'em over and force them to sell it at what the government says is "fair".
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,080,865 times
Reputation: 3937
Quote:
Originally Posted by kungfulou
the insanity in this post is going to be preserved for a few weeks...
LOL....SCL's posts are ALWAYS that insane.Just babbling and ramblings.Sad really.
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