Economists Slam Clinton-McCain gas tax holiday plan
WASHINGTON (Reuters) - A gas tax holiday proposed by U.S. presidential hopefuls John McCain and Hillary Clinton is viewed as a bad idea by many economists and has drawn unexpected support for Clinton rival Barack Obama, who also is opposed. . . .Economists said that since refineries cannot increase their supply of gasoline in the space of a few summer months, lower prices will just boost demand and the benefits will flow to oil companies, not consumers.
Link. According to Obama, the tax holiday "would last for three months and it would save you on average half a tank of gas, $25 to $30. That's what Senator Clinton and Senator McCain are proposing to deal with the gas crisis. This isn't an idea designed to get you through the summer, it's an idea designed to get them through an election."
It's only April. How crazy is the pandering going to get by November?