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Obama is wrong about the gas tax
Think Clinton's plan to suspend the gas tax temporarily is a bad idea? A similar measure in Illinois -- which Obama backed -- seems to have helped consumers.
By George Frost [2008-05-06]

  • Thanks for the great comedy piece

    Did anyone at Salon actually read the entire study? The state of Illinois lost a lot of funds and a 60% pass-through is really not great when you consider that the other 40% went to oil companies instead of the state. I do not think that Obama ever said that the price would not go down at all. It is in the best interests of the oil companies that the price go down a bit to encourage consumption so long as they can also increase their profit margin. That's economics 101.

    You quote all of a few sentences and then don't even mention the other fifty-three-and-three-quarters pages at all. This sad excuse for analysis really de-legitimizes this site. Have a nice day.

    -- Myshkin57
    [Read Myshkin57's other letters]
    Tuesday, May 6, 2008 11:59 AM
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