Tom Friedman nails both Clinton and McCain for their pander bear move on eliminating gas taxes for the summer.
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.
The amount of stupid political posturing over this issue is truly mind-boggling. Here we are moving towards oil at $5/gallon and say anything for a vote politicians are trying to raise our consumption of gas. As Peter Schwartz of GBN says, “Maximize demand, minimize supply and buy the rest from the people who hate us the most.” What a way to run a country.