Sunday, May 4, 2008

Candidates ask for holiday

Presidential candidates propose plans to alleviate ever-increasing gasoline prices.

Hillary Clinton and John McCain are offering a new idea for gas prices. They claim a holiday is needed.
The holiday will suspend the federal tax on gas from Memorial Day until Labor Day.
"The effect will be an immediate economic stimulus- taking a few dollars off the price of a tank of gas every time a family, a farmer, or trucker stops to fill up," McCain said.
It is hoped the holiday will save Americans money by mitigating the rising price of fuel.
Economists say cutting gas prices by a little over 18 cents per gallon will stimulate demand for more gas.

For more information, please visit the following:
1. Possible gain unlikely
http://www.newsweek.com/id/135323/page/2
2. Hillary has plan
http://www.hillaryclinton.com/issues/energy/
3. McCain calls for holiday
http://abcnews.go.com/Politics/wireStory?id=4654261
4. Clinton defends plan
http://firstread.msnbc.msn.com/archive/2008/04/29/958462.aspx

Saturday, May 3, 2008

Bush wants more money

President Bush is pushing for more money from Congress this week.

During an appearance at the White House, Bush asked Congress to give more than $700 million to lessen the impact of rising food prices worldwide.
Escalating costs are leading to widespread hunger and social unrest, claims Bush. His plan is part of a $70 billion war funding measure which was sent to Capitol Hill on Thursday.
Bush said America will spend $5 billion on food aid and related programs between this year and the next.
"In some of the world's poorest nations, rising prices can mean the difference between getting a daily meal and going without food," he said.

1. Bush makes another demand
http://www.foxnews.com/story/0,2933,353776,00.html
2. Presidents asks for more
http://www.msnbc.msn.com/id/24410358/
3. Possible shift in aid
http://www.congoo.com/news/2008May2/Bush-Pushes-Shift-Food-Aid
4. American crisis going global
http://wcbstv.com/national/President.Bush.food.2.713630.html