‘Some economists don’t think much of my gas tax holiday’

Someday, John McCain will look back at his presidential campaign and wonder, “What on earth was I thinking? Why did I let those consultants and lobbyists convince me to repeat nonsense I know isn’t true?” Take yesterday, for example.

“Some economists don’t think much of my gas tax holiday,” he said of his plan to temporarily suspend the federal levy on motor fuels. “But the American people like it, and so do small business owners.”

Good lord, what an embarrassment. “Some economists don’t think much of my gas tax holiday”? Actually, the McCain campaign found 300 economists who’d endorsed his tax-cut plan, but literally none of them was willing to endorse McCain’s ridiculous gas-tax-holiday idea.

Bragging that “the American people like it” isn’t a selling point; it’s actually evidence of a scam that McCain should be ashamed of. Lying to families that are struggling to pay the bills, telling them that a proposal that would do nothing in reality might offer them some glimmer of hope, is politics at its worst. There’s just no excuse for it. The old John McCain, the one who said he valued “straight talk,” would be disgusted by this. But this John McCain is apparently without honor or shame.

Adding insult to injury, senior McCain advisor Carly Fiorina, who claims to be an expert on matters of economics, argued, “[T]he best stimulus package possible right now is the gas tax holiday, twenty-four and a half cents for every gallon of diesel fuel, eighteen and a half cents a gallon for regular fuel. McCain has consistently proposed that and Barack Obama has consistently said he does not support it.”

The “best stimulus package possible”? Seriously?

How do I know Fiorina’s lying? Because John McCain told me so, when he acknowledged that his gas-tax holiday wouldn’t be an economic stimulus.

“I think psychologically, a lot of our problems today are psychological — confidence, trust, uncertainty about our economic future, ability to keep our own home. [A gas-tax holiday] might give ’em a little psychological boost. Let’s have some straight talk: it’s not a huge amount of money…. A little psychological boost. That’s what I think [a gas-tax holiday] would help.”

Even the Bush White House, hardly a liberal bastion, has said rhetoric like Fiorina’s is “irresponsible.”

Look, we’re just dealing with common sense here. We have a fixed supply of gas, so even a little critical thinking shows that “the tax cut really goes to the oil companies.”

There’s no stimulus, and no reduction in the price of gas. All McCain’s idea does is boost oil-company profits (bad idea), encourage oil consumption (bad idea), devastate highway and transportation programs (bad idea), and cost thousands of jobs (bad idea). That’s it. That’s the whole debate. No serious person anywhere disagrees with any of this.

I can’t help but notice that McCain has not yet tried to defend the merit of his gas-tax holiday. Not even once. He’ll lash out angrily at critics, and question the utility of economists, but McCain can’t bring himself to say, “I think the gas-tax holiday would work and here’s why….”

What does that tell you about the merit of his ideas?

But, McCain says, the “American people like it.” The American people are desperate, and some of them, regrettably, believe a lie John McCain keeps repeating. For McCain to exploit their desperation this way is ugly and pathetic.

“Adding insult to injury, senior McCain advisor Carly Fiorina, who claims to be an expert on matters of economics”

Well, she IS an expert. She knew enough to receive both a huge signing bonus AND golden parachute after she ruined HP!

  • Someday, John McCain will look back at his presidential campaign and wonder, “What on earth was I thinking? Why did I let those consultants and lobbyists convince me to repeat nonsense I know isn’t true?”

    In 2000 and 20004, Democrats waited for the corporate-controlled media to act like journalists and debunk the lies the Republicans were telling. It never happened.

    So when are the Democrats going to take the gloves off and start hitting back on this bullshit in a way that the corporate-controlled media can’t ignore?

    Either McCain is:

    1) A Liar – he is saying things about his economic plan that he knows aren’t true.

    2) Completely Ignorant – he has no way of knowing whether what he’s saying is true or not.

    3) Senile – he doesn’t know what he’s saying and can’t remember what he said five minutes earlier.

  • “Some doctors don’t like my proposal for an all ice cream diet. But the American people like it!”

  • Can I politely put out a general request to politicians and others?

    Can we PLEASE stop using the phrase “some people”???

    Either define your target population, or don’t mention it at all. The unattributable “some” is either a) a flagrant lie, or b) the result of being too lazy to properly research your point to find counterpoints.

    I know it’s attractive to use the phrase, since it doesn’t require any work/ fact-checking… but, really, folks… (Oh, yeah, and both sides have been using this phrase, so this is an equal-opportunity critique)

  • Castor Troy has it exactly right. Either tell us who the “some” are or don’t make the statement at all. “Some say” has been a favorite phrase for Faux News, and others, and of late I’ve noticed the Dems using it too. It raises my blood pressure everytime I hear it.

  • Castor Troy said:
    Can I politely put out a general request to politicians and others?

    Can we PLEASE stop using the phrase “some people”???

    But Castor, many Americans like to hear about how particular policies affect “some people”. {G}

    If you take away vague, unattributed generalities, Fox News will have an awful lot of dead air.

  • From Jobs for America

    John McCain believes we should institute a summer gas tax holiday. Hard-working American families are suffering from higher gasoline prices. John McCain called on Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day.

    Reuters: Gas Tax Holiday “Of Most Immediate Effect To Consumers.” “Of most immediate effect to consumers was his appeal to the U.S. Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day at the end of May to Labor Day in early September.” (Steve Holland, “McCain Proposes Tax Cuts And Lashes Democrats,” Reuters, 4/15/08)USA Today: “A USA TODAY Analysis Showed That McCain’s Gas-Tax Proposal Could Save Motorists $6.8 Billion In Taxes During The Summer.” (Kathy Kiely, “Gas-Tax Holiday Among McCain’s Plans For Economy,” USA Today, 4/16/08)

  • Nice to see the McCain campaign clip off what comes right before and right after that line in the USAToday article:

    One concern: the possible impact of a tax moratorium on the federal highway trust fund, which is supported by the 18.4-cent-a-gallon tax on gasoline. The American Road & Transportation Builders Association estimates that the gas-tax holiday could blow a $9 billion hole in the highway construction budget and threaten 310,000 jobs.

    A USA TODAY analysis showed that McCain’s gas-tax proposal could save motorists $6.8 billion in taxes during the summer. Len Burman of the non-partisan Urban Institute said the money won’t necessarily go back to consumers. Refineries already are running high to meet summertime gasoline needs, Burman said, so if demand for gas increases, so will prices. He said that means “a huge windfall for refiners,” not consumers.

  • Two points:

    1. Carly Fiorina took HP stock from the mid $60 a share range to about $20 a share in her tenure at the company. Then after destroying 70% of shareholder value, she took a golden parachute.

    2. John McCain is a member of the US senate, if he thinks the gas tax holiday is such a good idea he should propose on the floor it instead of talking about it on the stump.

  • Would some “journalist” please ask Senator McCain why — if he thinks this is such a good idea — he has not sponsored legislation to get it enacted. He is, after all, a sitting senator. He has the power to initiate this sort of thing. Yet he doesn’t and no one asks him about it.

  • “Some economists don’t think much of my gas tax holiday,” he said of his plan to temporarily suspend the federal levy on motor fuels. “But the American people like it,”

    Accompanied by his creepy grin, that was one cringe-worthy moment.

    Of course, for years and years we’ve been told he’s a “maverick.” but really, he’s just stupid. It becomes clearer by the day the man just isn’t very bright. He’s in way over his head. Its almost painfull to watch.

  • McCain’s Gas tax is Gimmick, why don’t talk about the ENRON loophole, did anybody seing yesterday’s story in the WashPost how CA employees funds riggs big profit from the Oil contracts, yes they are ripping us off, the person who enabled that is Mccain’s adviser Phil Gramm at the request of his wife wendy gramm in 2001.
    There is no energy Crisis, there is robbery enabled by the Bush and GOP and they have the gall to talk about gas tax.

  • SteveT– Actually, usage of “many” or “most” isn’t nearly as offensive as “some”. After all, each of those can (and normally is) linked to a direct statistic somewhere. “Most”, under general statistical rules, can be used any time you have more than 50% of a given population. “Many”, while not being tied to a specific percentage, would similarly be tied to a significant plurality of a given population (e.g. it would be hard to say that “many” Americans support, say, mandatory smoking, when anyone could come up with a reasonable statistical figure to dispute that).

    “Some”, if considered under the same rules as “Most”, can be entirely valid. Unfortunately, under current usage, the “some” is rarely, if ever, actually tied to anything of a factual basis (Case in point: Dubya saying a ways back that “Some people think we shouldn’t confront terrorists”… oh, really? like who?).

    Therefore, until such time as politicians actually start thinking about the import of their word choice, I would suggest that “some” needs to be stricken from available words entirely.

  • SaintZak @ 11, that might be as profund as it gets: “Sometimes a maverick is just a guy too stupid to follow directions.”

    Of course, bear in mind, I’m not a true progressive so I don’t know what I’m talknig about.

  • I always take my economic advice from former CEOs who successfully rammed productive companies into the ground, instituted massive layoffs, and ended their tenure by being forced out of their office by torch-and-pitchfork wielding shareholders. It’s a bonus if they managed to screw the company out of a few EXTRA million dollars in “golden parachute” money on their way out the door.

    And we ask why pundits who are “always wrong” keep getting prime editorial space in our nation’s papers. They’re just following the lead of their corporate masters who somehow always manage to find work despite their lack of success.

  • Of course, bear in mind, I’m not a true progressive so I don’t know what I’m talknig about. -slappy magoo

    I’m missing the meaning behind this now oft repeated tag line. Care to point me to the relevant thread?

  • Wow.

    I’m almost hoping the rumors are true,
    and McC does pick Carly as his veep.

    As much as he annoys me, McC has in his tenure, earned a fair bit of my respect.
    He’s helped to create good progress at times, and has frequently shown signs of
    decent if not always wonderful management and leadership.
    That he’s too old, too corrupted and too personally weak (beholden to deep-right interests) to be a great president, doesn’t substantially detract from that he might be an “ok” president. I think he means well, or has, on occasion actually meant well-
    if he stays on strong medication and listens to more moderate advisors.

    Carly, on the other hand, shown shown ZERO signs of co-operative interest,
    makes horrible mistakes repeatedly, and consistently fails to learn from them.
    Doesn’t know a damn thing about diplomacy, and evidently doesn’t care much.
    I don’t know her “politics” on a left-vs-right scale (left of McC probably?)
    but she’s an absolute monster on the ground.

    I *like* Obama. I think he means well, and he has some chance of actually
    doing good. I think he’d probably be a much better president than McC-
    but if Carly shows up on either side, my vote is probably going to be
    “Anti-Carly” more than pro-anyone-else.

    I am glad, at least, that she turned up Republican. It’d be really depressing if she came out in support of the “good guys”.

  • On the one hand, 18 cents a gallon doesn’t amount to a whole lot when we’re talking about filling a gas tank at $4.25/gal, but it does a whole lot for EXXON when you let them raise their prices a bit (say 9 cents) more now that the psychological hit of cheaper gasoline translates into more driving. When you sell several hundred thousand gallons extra, 9 cents comes out to a nice piece of change.

    On the other hand, remember that one of the main problems we face is that our infrastructure is going and has gone to hell. That extra 18 cents a gallon that is no longer available means more bridges will collapse and more tires will get eaten by potholes. In Texas the good Gov. Goodhair (that’s “Perry” to the unwashed) has solved that problem by turning Texas highways over to private European groups that is turning them into tollroads. Also, there is no cap on how much they can charge. Which do you prefer to pay, 18 cents a gallon that goes to repair our roads or a nickle a mile that ends up in some Spaniard’s Swiss bank account?

  • Which do you prefer to pay, 18 cents a gallon that goes to repair our roads or a nickle a mile that ends up in some Spaniard’s Swiss bank account?

    If the Spainiard is engaging the right lobbyists, that question kind of answers itself.

  • I hope McCain keeps on about his gas tax holiday well into the summer. I hope he’s talking about it at the convention in Minneapolis, a symbolic reminder of what happens when roads and bridges aren’t adequately maintained.

    Maybe the Democrats should do weekly segments about what taxes actually pay for.

  • doubtful #21

    You mean we use tax revenues pay for government programs and services?! I thought we just borrowed or printed up more money!

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