Who has best plan for facing gas at $7 a gallon?
The demand for fuel globally is outpacing the supply, which is one of the reasons oil prices have nearly doubled in just the last year. (PHOTO CREDIT: AP PHOTO)
FROM CNN's Jack Cafferty:
If the cost of gasoline is hurting Americans now at about $3.61 a gallon, imagine what would happen if it reaches $7 or $8 a gallon in the next couple of years.
While Hillary Clinton and John McCain pander to voters with a proposed gas tax holiday that will never see the light of day, Goldman Sachs is out with a report that oil prices could reach $200 a barrel within two years.
The demand for fuel globally is outpacing the supply, which is one of the reasons oil prices have nearly doubled in just the last year. This prediction from Goldman Sachs, along with a weaker dollar and concerns about declining production, helped push oil to a record of more than $123 a barrel today.
Meanwhile, the Energy Department says strong demand from places like China, India, Russia, Brazil and the Middle East will support high prices and keep global oil demand growing by about 1.2 million barrels a day this year.
The government says it expects gasoline prices to peak at about $3.73 a gallon in June, but some private analysts think gas will go even higher – topping $4 a gallon this summer.
So what's our next president going to do about all this? Clinton and McCain want to cut 18 cents off the price of a gallon of gas for a period of three months, which would save you a total of between $30 and $70. It's the same old story from the Washington politicians… slap a bandage on an open wound and hope the public doesn't notice it's still bleeding.
Here’s my question to you: Which candidate has a plan for dealing with gas at $7 or $8 a gallon within two years?
Interested to know which ones made it on air?
GOP voting against McCain?
(PHOTO CREDIT: AP PHOTO)
FROM CNN's Jack Cafferty:
Nearly all of the focus in yesterday's primaries was on the Democrats, and rightly so. But, here's an interesting little nugget about how the Republicans voted:
Despite the fact that John McCain has been his party's presumptive nominee for almost three months now, about a quarter of Republicans in North Carolina and Indiana voted against the Arizona senator.
That's right. In North Carolina, McCain received just 74% of the vote, while Mike Huckabee got 12% and Ron Paul received 7%. 4% said they had no preference. And in Indiana, 77% of Republicans voted for McCain, while Huckabee got 10%, Paul received 8%, and Mitt Romney 5%.
McCain faced similar results in the Pennsylvania primary two weeks ago. Also, quite a few Republicans crossed over to vote in the Democratic primary... with one in 10 Indiana voters in the Democratic primary identifying themselves as Republicans.
McCain's campaign says it's pleased with the way the Republican Party has united around his candidacy. They also point to polls that show them doing as well – if not better – with Republicans as President Bush did at similar points in his first campaign in 2000. The difference is President Bush wasn't running against the record of President Bush in 2000.
Here’s my question to you: What does it say when about a quarter of Republicans voted against John McCain yesterday?
Interested to know which ones made it on air?
What will Clinton do now?
Sen. Hillary Clinton at her Indiana Primary rally last night. Click the Play Button to see what Jack and our viewers had to say. (PHOTO CREDIT: AP PHOTO)
FROM CNN's Jack Cafferty:
"The campaign may go on but the contest is now over: Barack Obama is the Democratic nominee for president."
Democratic strategist Bob Shrum tells The New York Times that now the only decision left for Hillary Clinton is how she wants to end this.
New York Daily News columnist Michael Goodwin puts it this way: "Unless Obama falls off a cliff, or the Reverend Jeremiah Wright pushes him," he will be the nominee. Another paper calls Clinton "toast."
All this points to a pretty grim scenario for Hillary Clinton. Her 14-point loss to Obama in North Carolina coupled with one of the narrowest wins of the primary season in Indiana mean Obama woke up this morning with a larger lead in both pledged delegates and the popular vote.
Plus she's out of money. In the past month, Clinton was forced to loan her campaign $6.4 million out of her own pocket.
Then there are the superdelegates, who could now start to move in larger numbers to Obama. Or even superdelegates who currently support Clinton and could switch to Obama. Finally, The New York Times suggests that senior Democrats who support Clinton – like Pennsylvania Governor Ed Rendell or New Jersey Governor Jon Corzine – could now ask her to consider quitting.
On all of this, Hillary Clinton is absolutely tone deaf. Last night she told supporters, "it's full-speed on to the White House." This is denial in full bloom.
Here’s my question to you: What will Hillary Clinton do now?
Interested to know which ones made it on air?
@jackcafferty on Twitter
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