It’s The Economy, Stupid!

Neither McCain or Obama have the faintest idea on how to fix the economy. They “hope” for a miracle and the fact that the US electorate is stupid and will fall again for the usual platitudes and false promises.

Congress of which both gentlemen are members of, sat on its behind for 35 years from the first oil embargo and did nothing. They are too busy either getting sweetheart deals like Senator Dodd from the Country-Wide crooks that ruined the lives of millions of Americans, or making passes in airport bathrooms, and getting away with it.

Here’s a sensible plan to fix the economy that works:

1. Remove the Ethanol subsidy of 51 cents/gallon that you , the taxpayer is paying to enrich the Ethanol lobby (Mr Daschle & Co.) which shamelessly provide financial support to Mr. Obama’s campaign. This would instantly lower the gas prices by 5 to 10 cents/gallon at the pump.

2. Remove the 52 cents/gallon import duty on the Ethanol from Brazil; this would immediately lower the gas prices by another 5 to 10 cents at the pump.

3. Release 1 million barrels a day from the Strategic Petroleum Reserve; this would instantly lower the price of crude by $5 to $10/barrel or more

4. Remove the ban on the use of the additive MTBE for gasoline blending until 2025, and provide immunity to manufacturers from liability litigation. This increases instantly the US gasoline supply by another 5 to 10 volume %, resulting in another 10 to 20 cents/gallon price drop.

5. Give every family a $5000 tax credit to buy a hybrid car manufactured in the US – not with imported parts. This puts to work immediately – Manhattan project like - tens of thousands of US workers to build them.

6. Give every family a $10,000 tax credit to buy an all electric car manufactured in the US – not with imported parts. This puts to work immediately other tens of thousands of US workers to build them, and as a bonus, no greenhouse gas emissions!.

7. Start nuclear power plant construction to feed the all electric cars. Again, this puts to work immediately other tens of thousands of US workers to build them.

8. Invest a billion in R&D to build cheap, affordable, reliable and simple electric solar panels; again as a bonus, no greenhouse gas emissions!

This requires a person of vision in the White House; unfortunately, the “change you can believe in” will not come from these two politicians.