Robert Reich on the Summer Gax Tax Holiday
Former Clinton Secretary of Labor Robert Reich weighs in on the odious Summer Gas Tax Holiday proposal supported by Hillary Clinton and John McCain:
The gas tax holiday is small potatoes relative to everything else. But it’s so economically stupid (it would increase demand for gas and cause prices to rise, eliminating any benefit to consumers while costing the Treasury more than $9 billion, and generate more pollution) and silly (even if she won, HRC [Hillary Clinton] won’t be president this summer) as to be worrisome. That HRC now says she doesn’t care that what economists think is even more troubling.
In case you’ve missed it, we now have a president who doesn’t care what most economists think. George W. Bush doesn’t even care what scientists think. He rejects all experts who disagree with his politics. This has led to some extraordinarily stupid policies.
…Even though the summer gas tax holiday is pure hokum, it polls well, which is why HRC and John McCain are pushing it. That Barack Obama is not in favor of it despite its positive polling numbers speaks volumes about the kind of president he’ll be – and the kind of president we’d otherwise get from McCain and HRC.
Haven’t we had enough of politicians who reject facts in favor of short-term poll-driven politics?
Read the full post on Robert Reich’s blog:
“Hillary Clinton Doesn’t Listen to Economists”
May 4, 2008
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