Meanwhile, condemnation of the plan is virtually universal from every economist or policy wonk on either side of the aisle. Here's Mayor Mike:
Mayor Bloomberg is criticizing a proposal to suspend the federal gas tax during the summer months, a plan backed by senators Clinton and McCain, as "about the dumbest thing I've heard in an awful long time, from an economic point of view." . . . . Mr. Bloomberg said yesterday he thought, "In this case, Obama had it right."
Asked about a proposal by the state Senate majority leader, Joseph Bruno, to apply a similar policy to New York state's gas tax — about 33 cents a gallon — over the summer, Mr. Bloomberg repeated his objections.
"I just do not think that it is intelligent policy and it's not a good energy policy," he said.
This is literally among the worst policy ideas I've ever heard. What disgusts me is that I am certain that Clinton is smart enough to know this . . . but is pandering anyway, going for the low-information voters.
Congressman Weiner, a few short months ago, was absolutely correct to say that we need an increased Federal gas tax dedicated to transportation and especially transit improvements. That is still correct today, and I hope that Rep. Weiner will reiterate his call for a responsible gas tax policy.