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July 27, 2008

John McCain on the Gas Tax
Posted by Michael Cohen

Check out John McCain's argument on ABC today about on how we can make the gas tax work. Offered without comment:

STEPHANOPOULOS: Not a single economist in the country said it’d work.

MCCAIN: Yes. And there’s no economist in the country that knows very well the low-income American who drives the furthest, in the oldest automobile, that sometimes can’t even afford to go to work.

STEPHANOPOULOS: But they all say that . . . the oil companies, the gas companies are going to absorb … any reduction.

MCCAIN: … they say that. But one, it didn’t happen before, and two, we wouldn’t let it happen. We wouldn’t let it — Americans wouldn’t let them absorb that.

STEPHANOPOULOS: How would you prevent that?

MCCAIN: We would make them shamed into it. We, of course, know how to — American public opinion. And we would penalize them, if necessary. But they wouldn’t. They would pass it on.

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Comments

I think he is really on to something here; we should just abolish the EPA entirely and use embarrassment to fight climate change and dumping toxic waste... Beware the awesome power of John McCain's wagging finger.!

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