Wednesday, April 30, 2008

Clinton, Schumer, McCain Pandering On Gas Taxes

Reuters - Clinton-McCain gas tax holiday slammed as bad idea
Newsweek - Political Pandering
Matt Yglesias - "real harm is done to people's lives by this sort of gimmickry"
Streetsblog - Chuck Schumer and Hillary Clinton: Where Is the Leadership?
TIME - Clinton joins McCain in the race for panderer in chief
Paul Krugman/New York Times - Gas tax follies

Again, this is the sort of bull$hit pandering I expect from the GOP . . . I expect this steaming pile from McCain. But Clinton and Schumer are out there shilling for a "Gas Tax Holiday" which would do NOTHING to help ordinary Americans while exacerbating our underlying problems of oil dependence and runaway deficits.

Ask any economist worth his salt: the Gas Tax Holiday is the worst kind of economic policy. Pandering to the public, yet shortchanging us of any actual benefit.

Barack Obama (video)is the one candidate in this race has called it for what it is.

My question: where is Congressman and Mayoral candidate Anthony Weiner on this? Weiner very vocally opposed Congestion Pricing on the promise of increasing the Federal gas tax to pay for transit improvements. Yet he is also backing Senator Clinton for President . . . the same Senator Clinton calling for a gas tax holiday. I've called Rep. Weiner for comment, and his staff was polite. I'll post here when I get a substantive response.

Just in case I wasn't clear above: it might sound good in a vacuum, but this gas tax holiday is HORRIBLY IRRESPONSIBLE ECONOMIC POLICY. If you only have time to click one of the above links, click on TIME for Justin Fox's succinct explanation of why this is bogus pandering of the worst sort.

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