ELECTORAL FOOLISHNESS

Bloomberg calls gas tax holiday a dumb idea

1 hour ago

http://ap.google.com/article/ALeqM5heT2FH76BMm7KrBdyWrHAEUNGLMQD90D0ABG0

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Artificially lower the price of gasoline for a few months. Encourage people to drive more and use more gasoline.This will require the use of more crude oil to make the gasoline, therefore driving up the price of crude, therefore driving up the price of gasoline, putting the cost per gallon back to where it was before the tax holiday, and when the tax is restored, we are worse off than ever.

Come on folks, GET SMART!

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Gasoline-tax reprieve: an idea running on empty Minimal cost savings, increased dependence on foreign oil, and high administrative costs are among reasons why this idea ran out of gas. By David R. Francis

from the May 5, 2008 edition

http://www.csmonitor.com/2008/0502/p25s01-wmgn.html

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You don't need a Phd in economics to spot a dumb idea coming down the road, running on empty.