The Fallacy Of It All

In case you were getting all excited about John McCain’s proposed gas tax holiday, simmer down.  Really. Critics were quick to do what they do best, criticize.  But now, the more you read about the idea, the worse it sounds on so many levels.

McCain’s Gas-Tax “Holiday” Hurts US, Helps Oil Producers

As the nation sinks into what may become the worst recession in decades and Americans are worried about their own economic security, John McCain is struggling to prove he’s not clueless about economics. But his proposal this week for a “gas-tax holiday” from Memorial Day to Labor Day would, according to experts, “do only one thing: send more money to oil producers.” It’s a “clunker.” Now he’s backing off. [...]

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