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More than 200 economists reject Clinton/McCain gas-tax plans
One thing we do NOT want in the next President is someone who panders bullshit ideas like this to the public.
From Bloomberg:
"More than 200 economists, including four Nobel prize winners, signed a letter rejecting proposals by presidential candidates Hillary Clinton and John McCain to offer a summertime gas-tax holiday.
Columbia University economist Joseph Stiglitz, former Congressional Budget Office Director Alice Rivlin and 2007 Nobel winner Roger Myerson are among those who signed the letter calling proposals to temporarily lift the tax a bad idea. Another is Richard Schmalensee of the Massachusetts Institute of Technology, who was member of President George H.W. Bush's Council of Economic Advisers.
The moratorium would mostly benefit oil companies while increasing the federal budget deficit and reducing funding for the government highway maintenance trust fund, the economists said. "
Terry McAuliffe, Hillary's campaign chairman, says "Economists don't matter." Watch: http://bravenewfilms.org/blog/37834-mcauliffe-economist... One thing we do NOT want in the next President is someone who panders bullshit ideas like this to the public. From Bloomberg: ... more -
Obama reacts to Clinton's "obliteration" of Iran
INDIANAPOLIS - Barack Obama likened Hillary Rodham Clinton to President Bush for threatening to "totally obliterate" Iran if it attacks Israel and called her gas-tax holiday a gimmick as he tried to fend off her challenge ahead of two pivotal Democratic primaries INDIANAPOLIS - Barack Obama likened Hillary Rodham Clinton to President Bush for threatening to "totally obliterate" Iran if it attack... more
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Gas Tax Holiday by the Numbers
Senator John McCain's once famous "Straight Talk Express" has taken a detour down Senator Hillary Clinton's Deception Highway.
Americans like to believe "every little bit" helps, but the "gas tax holiday" that has been proposed by McCain and endorse by Clinton is a bogus political pandering stunt that doesn't hold up to basic math or common sense.
Senator Clinton demanded a vote on the gas tax relief to which Senator McCain said "She's got my vote." Too bad he isn't a democratic superdelegate.
Senator John McCain's once famous "Straight Talk Express" has taken a detour down Senator Hillary Clinton's Deception Highway. ... more -
Economists and Experts Agree Obama Correct on Gas Tax
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... 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 ... more -
Using $30 as a Wedge
Hillary and McCain are lining up behind a temporary break in the gas tax, saying that they 'feel the pain' of drivers in America. Barack Obama does not support the break, because in the end it amounts to $30 in savings over the summer. Thirty Bucks! (While at the same time taking money away from repaving roads and maintaining bridges.)
This gas tax issue is what will be used by the spinsters in Washington to call Obama out of touch. Hillary and McCain are lining up behind a temporary break in the gas tax, saying that they 'feel the pain' of drivers in America. Bara... more
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