Saturday, April 19, 2008

The Washington Independent's Mike Lillis:

OK -- so the price of gas is at an all-time high, and everyone agrees that much of the reason is that demand for gas is at an all-time high. So what's the solution to this dilemma?

Well, if you're Sen. John McCain (R-Ariz.) it's easy: You propose legislation, as he did yesterday, to scrap the federal gas tax for the entire summer. (The idea did well on cable news.) That would encourage greater consumption, leading to even greater demand, leading to higher pri -- Wait a minute! Wouldn't that have precisely the opposite effect to that we want?
In McCain's defense, the economy is not really his strong point.

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