Hillary Clinton today took Barack Obama to task for his opposition to the silly idea of a "gas tax vacation."
Here’s what’s wrong with politicians like Clinton and McCain: they’ll say anything to pander to the voters (McCain’s ‘straight-talk" reputation, notwithstanding). [UPDATE: See Kevin Drum’s take on this demagoguery by Clinton and McCain. FURTHER UPDATE: HRC’s proposal is the object of scorn from economists, politicians with spines, and editorialists.]
Nobody is personally happy about the high price of gasoline. But suspending the gas tax for a while in order to reduce consumers’ cost at the pump temporarily is sheer idiocy. All it would do is encourage people to buy more gasoline and drive more miles, pumping more carbon emissions into the atmosphere, hastening the problem of global climate change — and increasing the demand for gasoline and, thus, the price of it.
Government policies ought to aim to get the incentives right: enlightened public policy would raise the gasoline tax dramatically in order to increase the price of a gallon at the pump, thus discouraging consumption, discouraging driving, reducing demand, and ultimately, bringing down prices. Our European counterparts do it. I guess their politicians are not as craven as ours. At least Barack Obama is not pandering to the voters on this issue.
The next thing you know, Hillary will be sitting at a bar in rural Indiana, wearing a John Deere cap, and throwing back a tumbler of gasoline to show what a tough guy she is. We can only hope.