From Robert Reich, Bill Clinton's former Secretary of Labor:
When asked this morning by ABC News' George Stephanopoulos if she could name a single economist who backs her call for a gas tax holiday this summer, HRC said "I'm not going to put my lot in with economists."
I know several economists who have been advising Senator Clinton, so I phoned them right after I heard this. I reached two of them. One hadn't heard her remark and said he couldn't believe she'd say it. The other had heard it and shrugged it off as "politics as usual."
Er, you can say that again. Discounting expert opinions and stubbornly sticking to bone-headed policy ideas: Sounds pretty familiar after 8 years of George Bush, no? More Reich:
The gas tax holiday is small potatoes relative to everything else. But it's so economically stupid (it would increase demand for gas and cause prices to rise, eliminating any benefit to consumers while costing the Treasury more than $9 billion, and generate more pollution) and silly (even if she won, HRC won't be president this summer) as to be worrisome. That HRC now says she doesn't care what economists think is even more troubling.
Following the bizarre logic of discounting the advice of those who are the most learned about a given subject, one can recall an eerily familiar pattern. Global warming? Why should we put our lot in with those meddling climatologists? Force levels in Iraq? Why listen to dissenting voices at the Pentagon? All those informed opinions are really just so elitist, right? Isn't that what the average voter wants to hear? It's all a bit like a Stephen Colbert sketch come to life. Video after the jump.
She doesn't consider them the end-all and be-all when it comes to complex issues. Where were all the expert economists when the housing market was getting ready to implode? Where was Greenspan for that matter. Economists don't necessarily agree on what constitutes the best solution to a financial down-turn.
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Roger Burstrem
6:32PM May 4th 2008
I do beleive that she did not intend for it to be as it came out. I believe that what she was saying is that the economist that where critizing the concept were not looking at the full ramifications of the concept. She has spoken about the affect that this will have on everything, from the every day driving to the movement of goods around the country. Think about it, it would do more than just lower our own cost of travel, but those of the big rigs, and farmers' usage, which could lead to some small relief in our shopping, at restaurants or on our tables. If the savings are not passed on by the middle men, than it may allow them to keep moving our supplies or allow a small business to survive. Just think about it, if a trucker goes out of business, less transporation is available to move goods, demand goes up for the remaining haulers; and they will raise prices (supply & demand theory). It may not seem like a lot, but I would like to have and extra $75 the end of the 3 month period. Just because someone saves on gas does not mean they will drive more. More money to spend ends up creating jobs or deposits in the bank, which allows more money to be spent or loaned out by the banks. Basic econ 101 theory. guess what, there is a multiplier affec. This is not being explained by the media, or they don't care to be fair in thier evaluation of what a small savings means to the average individual. This has been the problem for the last 7+ yrs, think big and ignore the little guy's plight to survive.
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david knowles
6:37PM May 4th 2008
Roger,
Thanks for your comment. I appreciate the sentiment behind it. Unfortunately, every economist out there will tell you that the consumer won't feel any relief from a gas tax holiday. Oil companies will simply tack on the amount to the existing price. Moreover, it will hurt people by robbing the Treasury and the Highway Trust Fund, so that roads will become that much more dangerous than they already are. It's just a bad idea, and she should have the smarts to realize it.
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zzep
6:39PM May 4th 2008
I HAVE A QUESTION,,,,,,,,WHY DO OUR ENEMYS ALWAYS WANT A DEMOCRAT TO WIN THE WHITEHOUSE...........OBAMA ENDORSED BY HAMMAS........THE LAST ELECTION OSAMA SENT US A TAPE TELLING ALL AMERICANS TO VOTE FOR JOHN KERRY.........LETS GO BACK A FEW YEARS TO THAT BUMBLING FOOL JIMMY CARTER..IRAN AT THAT TIME WAS AN ALLY OF THE U.S. AND THA SHA ASKED HIM FOR HELP AGAINST THE IATOLLA AND CARTER REFUSED..THAT GAVE US THE PRESENT DAY IRAN THE LARGEST STATE SPONSER OF TERROR AND NUMBER ONE ENEMY OF THE U.S.......THE LIST OF HIS STUPIDITY WOULD TAKE ALL NIGHT SO LETS FAST FORWARD TO A RECENT TRIP WHERE HE LAYS A WREATH ON THE GRAVE OF YASSIR ARAFAT ONE OF THE BIBBEST TERRORIST OF THE 20TH CENTURY...THEN HE DISRESPECTS OUR ALLY ISREAL AND MEETS WITH HAMMAS...WITCH ACCOMPLISHED NOTHING........ NOW LETS TALK ABOUT BILLY B.J. CLINTON HE ALOWED BIN LADEN TO ATTACK US SEVERAL TIMES AND DID NOTHING...BIN LADEN WAS OFFERED TO US 3 TIMES AND CLINTON REFUSED..THIS ACT ALONE COULD HAVE PREVENTED 9-11 AND SAVED 3000 AMERICAN LIVES..THEN BEFORE THE 9-11 HEARINGS HE SENT SANDY BURGER TO STEAL CLASSIFIED DOCUMENTS THAT WOULD HAVE PROOVED HIS ROLE IN LETTING BIN LADEN GO..... THEN HE GIVES N.KOREA OUR NUMGER 2 ENEMY NUKE MATERIAL [FOR PEACEFUL PURPOSES] WHEN THEY STARTED MAKING BOMBS HIS EXCUSE...THEY LIED TO US..DUHHHH.........WHEN CLINTON WANTED TO DISTACT THE PUBLIC DURING THE LEWINSKI AFFAIR..HE DECIDED TO GET TOUGH ON BIN LADEN AND BOMB AN ASPRIN FACTORY I HOPE BEN LADEN DIN`T HAVE A HEADACH THAT DAY AND NEEDED ONE...WAY TO GO TUFF GUY.......AND HOW ABOUT 4.00 GAS PRICES YOU ARE TRYING TO BLAME BUSH FOR...LETS SET THE RECORD STRAIGHT...CLINTON VETOED A BILL THAT WOULD HAVE LET US DRILL IN ANWAR ALASKA....IT WOULD WAVE BEEN PUMPING AN ESTIMATED 5 MILLION BARRELS A DAY THAT AMERICAN OIL WE DON`T HAVE TO BY FROM ARABS........HEY WAIT A MINUTE I THINK I JUST ANSWERED MY OWN QUESTION................NEVER..MIND.....I THINK YOU GET IT
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Where have the economist been the last 8 years???:?
6:56PM May 4th 2008
Where have these economist been the last 8 years???
If they have been giving advise to Bush, I do not need to say any more..
Give the gas tax break. It will help the Truck Drivers who delivery our bread, milk, eggs and everything else that has gone up because of transportation cost.. (it will also help keep these products from going up by lowering the gas)
Make the Oil Companys pay the tax, their Corporate Leaders can do without a few of those billion dollars bonuses..
Considering that more People are having to travel farther to find work, a savings of around 80 to $100 (it can help buy groceries )dollars is alot.
And while this is being done, congress and senate need to actively pursue the Energy companies and stop this gas insanity.
Do not punish all drivers for the selfish ones that want to drive hummers and super extended cab trucks that are not used for work or livestock.
There may need to be some sort of rationing, if they can ration rice they can ration gas.
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craig11thomas
7:03PM May 4th 2008
What kind of diplomacy class did Hillary go to when she threatens to nuke another country. And the gas tax thing is a 30 dollar version of Bush’s rebate. We shouldn’t want more of the same.
Found a new politcal site ... "The Political Kicker" ... http://politicalkicker.com ... be great to see the obama supporters hit this site early with some sound comments before its corrupted by Billary supporters.
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The Elitist Hillary Clinton
7:08PM May 4th 2008
That's rich coming from a woman who "survives" on $109 million. When was the last time she hung out with the small town voters she is courting so badly? Certainly not at Wesleyan or Yale. Oh, maybe her cleaning lady who tends to her house in Georgetown or in NY.
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Dave
2:54PM May 5th 2008
Hi Hillary lovers, It seems to me that Hillary is riding along with McCain's idea of a tax holiday in order to get some quick easy votes. They all know that it will do nothing but make a few uninformed Americans feel good until the oil companies raise the price of gas so that the tax relief ends up in their pockets. I wish Hillary could be honest, does she think in this time of technology and access to information she can bend the truth or spin these ideas where it either won't work or she promises to do all these wonderful things but we all know she will not be able to pay for them without taxing us like the Queen of England. Wake up America, she will say anything to get into the White House and not listen to experts in the field, great another pig headed President.
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mrbline
7:16PM May 4th 2008
Is Hillary throwing the race?
C'mon, she's typically smarter than this.
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Bye Obama
7:21PM May 4th 2008
People who really don't weight the issues and listen to what is really going on ..nit pick ..Hillary is trying to give America a break with the gas...nothing more nothing less...Obama alway criticizing Hillary who said he would not run a negative campaign does NOTHING but ....The "uniter" has come to be the great divider..He has divided the Democratic party and now he has divided his own race...His speeches are absent of facts, substance and solutions..When Hillary can answer just about any question any time..Obama won't debate...FOR THE REASONS HE KNOWS LITTLE AND HAS A TON OF BAD BAGGAGE THAT HE HIDES and many bad associations..The only rise he get out of the crowd on top of the same old rhetoric..is trying to tear down..Hillary..He looks pathetic and hyprocritical...The Elitist Obama doesn't know that any help financially now is a help to the very poor...He doesn't care..he is just going to find any excuse he can to try to make Hillary look bad..but the public is seeing through it more and more..they are learning his background and his associations are bad news..and he has no accomplishments under his belt for the American public only one for Africa..those that are uninvolved and inexperienced and few starbuck drinkers..are his support..but the real involved..the hard working..are bothering to know the facts and that is why Hillary is winning in the end!! No not god da-- America with B.O. in the Wright house..BUT GOD BLESS AMERICA FOR THE RIGHT CANDIDATE HILLARY CLINTON IN THE WHITE HOUSE!! The Clintons hold the record for the biggest economic growth of any presidency and the longest peace keeping time of any presidency in the history of USA...Those are the two biggest issues today..GOD BLESS AMERICA WITH HILLARY CLINTON 2008!! The smart candidate!
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Bye Obama
7:21PM May 4th 2008
craig11thomas..common sense is you want a strong candidate.This country is as weak as it has ever been and we need some strong in the White House....Not a wuss that does not want to debate because he has so much shady baggage he doesn't want it exposed..and his speeches are rhetoric absent of real facts and solutions..Obama won't debate Hillary because he doesn't know l/l00 of what Hillary does and he knows it..and doesn't want to look foolish once again..but the Obama bus is uninvolved and mindless as they clap away for what they don't know ...as the bus is just about to crash...Hillary 2008
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Bye Obama
7:36PM May 4th 2008
"THe Elitist Hillary Clinton"..... what an ignorant statement you made ..shows you know little facts ..Hillary has proposed more taxes that include herself to help the working class. Hillary never had to work as she was well off but she has spent years in the government helping people..People like you suck up the benefits and have big ignorant mouths. It is a fact Obama acted in a Elitist way in San Francisco..not Hillary..She has had nothing but a bias group and media taunt her ..and yet she survives..WHY because not everyone is as ignorant as you..and people know the facts.that is why her polls are ahead and rising!!.Many people have short term memory as they enjoyed peace and prosperity when the CLintons were in office...as .The Clintons hold the record for the longest peace keeping time of any presidency and the big economic gain of any presidency...ThESE ARE THE TWO BIGGEST CONCERNS OF AMERICA...Obama is shady and full of lies..See Political Forum.com Elections and Campaigns by Latisha..and nobody from his camp has yet to come up with ONE accomplishment for Obama that warrants him to be president..the only thing he passed was for Africa..where his father belong to the most corrupt organization the Kenyatta where they killed, raped and were arsonist..See U.S.Veteran Dispatch December 2006..GOD BLESS AMERICA WITH HILLARY CLINTON 2008!
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Geneva Hill
7:46PM May 4th 2008
Hillary does not listen to anyone that is what she is not a good candidate you can NOT do anything by yourself.
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John
7:45PM May 4th 2008
Hillary was caught in a misstep and in typical fashion refuses to acknowledge that she spoke first and thought later. She's been doing this the whole campaign, whether it was her ill-thought-out knee-jerk choice of campaign manager, her misspeaking about her Bosnia trip, her slow-to-distance-herself from Geraldine Ferraro's outrageously racist comments, or now this ill-advised pander-move to appeal to the lowest common denominator at the risk of harming our infrastructure. She absolutely maddens me. I really do like her as a senator. But she has to start to learn some humility and acknowledge when she's been an idiot. Although I support Obama, if she wins the nomination she will get my vote, but she has to get rid of her staff and start over--they are ruining her.
John in Philadelphia OBAMA '08
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Katherine
7:55PM May 4th 2008
Does Obama listen to economists?
$845 BILLION to AFRICA, et al.
We have to borrow the money to give the money...running into what? 1.7 TRILLION?
Screw economists:
Obama DOESN'T want to listen to economists OR AMERICANS. He wants us to go into trillions of dollars in debt because he wants to break down American Capitalism to make our country a COMMUNIST NATION.
Oh, and he wants to buddy up with the AXIS OF EVIL!! Be best friends with IRAN. GREAT!!
Yes, I say, who cares about economists or Obama. I want a tax break on gas!! Make the oil companies who make a BILLION DOLLARS A WEEK---EACH, pay a lil somethin'.
Something or Nothing? I'll take Something.
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NO-BAMA
8:22AM May 5th 2008
DID THE COCK CROW THREE TIMES BEFORE OBAMA'S 3RD DENIAL OF HIS MASTER, REV. WRIGHT?
I THINK OBAMA'S "CHICKENS" HAVE COME HOME TO ROOST!
DON'T FORGET 9/11 --- OR WRIGHT, BOMBER AYERS, REZKO, FARRAKHAN, SINCLAIR AND ALL THE OTHER ANTI-AMERICANS AND TERRORISTS OBAMA IS CLOSE TO.
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suzanne
7:58PM May 4th 2008
Obama went on a show today he" KNEW "would be his ticket to ride, it was Obamas last ditch effort before the vote and Tim Russert gave him the stage . Tim Russert has kissed his ass since day one. Obama knew which show he could appear on & which ones he can not and he also knew all the questions that were going to be asked of him. What a joke!!!! Obama is a coward, put Obama in the same forum that Hillary Clinton spoke in today with George Stephanopolous and lets see how he does!!! (Oh I forgot we have already seen that haven't we!!)
There is no way in hell he would even show up ..
I can't hear a damn word Obama is saying over the screams of his racist spiritual advisor the one he wrote about in his books, the one he praised so highly, the same Pastor that married him, that baptized his children, and until just last week thought he could do no wrong after "20" years & just now he doesn't agree with him??? WHY NOW???? For the same reason he dismissed his pastor.... Obama said what he had to say!! The one & ONLY reason!
The Rev Wright "The Minister Of Hate" God Damn America USA Gave Aids To Black America America-KKK 9/11 ... Your Chickens Have Come Home To Roost !!!! America got what they deserved on 9/11 ????
ALL OF THIS WAS OK TO OBAMA UNTILL LAST WEEK?????
Now SMALL TOWN gun totting, religious, America is gong to VOTE !!
Suzanne
Clinton 08'
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vlg
8:12PM May 4th 2008
I'll still go with Hillary - a candidate who trusts her own knowledge and experience - rather than Obama, who needs "somebody who knows about a bunch of stuff that I'm not as expert on."
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Hill Yeah
8:13PM May 4th 2008
Less cost for truckers = less cost for goods. Yeah, individuals only save around $30.00 for the summer, but, the savings on other products will be good for individuals. Also, if oil is paying the taxes on it's own product, don't you think they're going to try to keep the prices as low as they can? Again, that will be good for the working man.
Economist in general argue that it's not good for big business. Well, DUH. I haven't seen any big businesses losing their homes lately, have you? Nor do I hear Obama providing ANY sort of solution short or long term.
Barack the Messiah? Give us a solution Snobama!!!! We're waiting.
Clinton's plan makes the oil companies pay the taxes for us, McCain's does not have anyone paying the taxes. With the taxes being paid by big oil, our transportation structure doesn't suffer.
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Crystal
8:32PM May 4th 2008
The Social Security Administration receives a flood of W-2 earnings reports with incorrect - sometimes simply fictitious - Social Security numbers. These are taxes paid by the illegal immigrants. SSA stashes them in what it calls the "earnings suspense file" in the hope that someday it would figure out to whom they belong. While they're waiting for this information let's put some of that money to use. It's not as if any illegal is going to come forward and confess!!