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Political Discussion
Reply to "S/O How Will Romney/Ryan Improve Economy, Debt, Jobs..etc"
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[quote=Anonymous]I'm the original OP in the other thread. Been away for a couple days, but wanted to respond to a couple of things. I can't find it now, but criticized Obama's stimulus package. here's where that money went. I'm wondering what the problem is here: 60% of the stimulus money went to tax cuts to individuals, small businesses, etc. $153 billion or so went to help states with Medicaid expenditures and to protect teachers and first responders from layoffs. $117 billion or so went to building and repairing roads, bridges, rail, and other crucial infrastructure. $100 billion to help people hurt by the Bush recession, $88 billion for Pell Grants, NIH, upgrading health care IT, special education, etc; $75 billion for energy efficiency, science and technology, R&D, broadband Someone also wonders what is wrong with Keystone and how could it possibly RAISE U.S. gas prices: The purpose of the pipeline is to give TransCanada greater access to the international market. It would divert oil from midwest refineries. These refineries produce more gasoline than those in any other US region, and is sold to US consumers. That oil will instead be diverted to gulf coast refineries which produce as much diesel as possible, and the majority would be exported. So, taking oil from the midwest refineries and diverting it to the Gulf Coast diesel refineries will decrease the amount of oil available to American consumers. Also, the midwest currently enjoys Canada crude at a deep, deep discount. The Keystone will increase the cost of a barrel of Canada crude by $20-$40. So, to recap: increased cost of production at US refineries, decreased supply of gasoline in the US, and the loss of our discount from Canada = higher gas prices TransCanada originally pitched the Keystone idea to Canadian regulators as a way to "increasing the price of crude in the US." transcanada did admit to congress that the pipeline would increase US gas prices and that it's main purpose is to export diesel from the gulf coast to the international market. [/quote]
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