The Clinton/McCain Big Idea: a tax holiday for gas guzzlers

I’ve seen a lot of stupid ideas in my time, but the agreement between Hillary Clinton and John McCain on how to deal with high energy prices takes the biscuit. Here’s Thomas Friedman’s view

It is great to see that we Americans finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead the United States, it takes your breath away.

Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: We Americans borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build the country.

When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.


The McCain-Clinton gas holiday proposal is a perfect example of what energy expert Peter Schwartz of Global Business Network describes as the true American energy policy today: “Maximize demand, minimize supply and buy the rest from the people who hate us the most.”

Stand by for Boris ‘Bertie’ Johnson’s announcement that the proposed higher Congesion Charge for SUVs is to be reduced.

Fortunately, Obama is still rational about this.