Economists and Experts Agree Obama Correct on Gas Tax
- added May 1, 2008
- 0 responses
-
-
-
- slowdive
- added this
-
-
- related topics
-
- Barack Obama (3619)
- John McCain (2552)
- Hillary Clinton (1512)
- Gas Tax (5)
- gas tax holiday (3)
As much as McCain and Clinton might want to rally behind the "gas tax holiday," the experts and facts say clearly: it's a dangerously bad idea. Not only that, it's a gimmick.
The stupidity of the idea was summed up aptly by Thomas Friedman yesterday in the New York Times:
"It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.
No, no, no, we’ll just get the money by taxing Big Oil, says Mrs. Clinton. Even if you could do that, what a terrible way to spend precious tax dollars — burning it up on the way to the beach rather than on innovation?"
Read the full article: http://www.nytimes.com/2008/04/30/opinion/30friedman.ht...
The stupidity of the idea was summed up aptly by Thomas Friedman yesterday in the New York Times:
"It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.
No, no, no, we’ll just get the money by taxing Big Oil, says Mrs. Clinton. Even if you could do that, what a terrible way to spend precious tax dollars — burning it up on the way to the beach rather than on innovation?"
Read the full article: http://www.nytimes.com/2008/04/30/opinion/30friedman.ht...
Login/Registration is required to add a response.
