sstro

Stock Picks for Under-a-Buck a Gallon Gas

I'm going to use my traffic indicator as to why gas prices will not stay this low very long. When gas got to almost 5 bucks a gallon here in Southern California folks were scrambling to use public transportation or other means to get around so it took me 1/2 hour to get to work. Now I'm back to my almost 1 1/2 hour commute of 26 miles. I will bet that this has taken place across the country in bigger metro areas. So I will say we'll see a national avg. of 3 bucks before we see less then a dollar. But who really knows my crystal ball has a fog problem that I can't control.

Greg Mankiw: Swap the Payroll Tax for a Gas Tax

For this to work The US would have to put a cap on the amount we are willing to pay for a barrel of oil. I don't see this working. How about we eliminate payroll tax for 2008 and 09 and slowly raise that tax over a 5 year period to get back to current levels. Lowering corp. tax along with this would help. Keep capital gains tax at same level. I do know we need to stop the presses and the bailouts or forget any plan till that happens.