If at First You Don't Succeed

As the average price of gasoline nationwide topped $4 a gallon this week, Sen. John McCain said he would renew his call for a summer gas tax holiday.

The idea was roundly panned by economists (including the ones on this blog) when McCain and Sen. Hillary Clinton first raised it in May.

This time around, McCain says he won’t “pretend that it’s an answer to our energy problems,” but that lower-income Americans will nevertheless appreciate the relief.

The jury is still out, however, on whether the plan would provide much relief to struggling families — or any relief at all.

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  1. john thyron says:

    John McCain doesn’t read this blog.

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  2. n/a says:

    So now America should burden itself with making people feel better for not earning more in one of the richest countries on earth?

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  3. nsk says:

    Its like bribing a kid with candy: the kid is happy now, but the kid is not mature enough to realize that he is losing in the long term; the parent gets rid of the symptom (whining or tantrum) without doing anything for the root cause. I expect the parent, as the adult and seemingly more mature entity in this relationship to help the kid make the tough choice now for benefits that will sustain today and tomorrow.

    McCain is being the wealthy Republican parent who think he can wish the problem away if he can divert the kids’ attention until past November.

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  4. me says:

    Why not a public transportation fare holiday? That would encourage less gas use, and help the people that need it the most.

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  5. blockhead says:

    let the pandering resume. intrade has mccain way down from obama. he is trying to buy his way back up to even odds – or at least out of 2:1.

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  6. Josh says:

    How about John McCain and Obama work on making the dollar stronger and not put us further in debt with a “tax holiday”?

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  7. Peter says:

    Does McCain read at all?

    (It’s a valid question.. though it really shouldn’t be..)

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  8. oddTodd says:

    Why not just send people another stimulus check? Everybody wins. Except the future taxpayers of America who we are taking the money from.

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