Wednesday, April 30, 2008

Fuel Inefficiency

Posted By on Wed, Apr 30, 2008 at 9:17 AM

Here's Thomas Friedman from the NY Times on Sen. John McCain's pandering gas-tax holiday proposal, which would suspend the federal gas tax between Memorial Day and Labor Day.

The gist:

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.

When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.

Suspending the gas tax is such a bad idea that I'm astonished that no one in the Arizona Legislature has proposed doing it.

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