In the realm of energy policy, there are a great many bad ideas and a very few good ones. The usual practice of presidential candidates is to 1) sift through all these proposals, 2) separate the wheat from the chaff, and 3) keep the chaff.
This year, the two parties are competing to show who is most eager to discard sound economics and long-term prudence in favor of appeasing aggrieved motorists. Barack Obama and Hillary Clinton are pandering with a proposal to punish oil companies with a windfall profits tax. John McCain has targeted the same group by urging a federal gas tax holiday from Memorial Day to Labor Day.
17 April, 2008
Exhibit A, B & C
Allow me to push the metaphor a bit more. The three candidates' policies toward high oil prices amounts to sending flowers to her at work and buying her cheap jewelery. Ahhh. These politicians are soooo romantic.
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