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Friday, June 13, 2008

McCain Versus Economists (and Common Sense)

McCain is continuing to dig himself deeper into a hole over this whole "gas tax holiday" stupidity.

Here's the latest from The Carpetbagger Report:

At an event in New Hampshire, asked about his gas-tax holiday proposal, McCain lashed out, angrily saying, “If you want to call it a gimmick, fine. You know the economists? They’re the same ones that didn’t predict this housing crisis we’re in.”

First, I don’t know what McCain has against economists. He’s hired a whole team of them to try to rationalize his ridiculous economic policy.

Second, it’s not just economists who realize McCain’s gas-tax idea is absurd, it’s common sense. We have a fixed supply of gas, so even a little critical thinking shows that “the tax cut really goes to the oil companies.”

And third, blaming economists for failing to predict the housing crisis is especially inane, since the opposite is true.

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