Barack Obama has lost any credibility (with me) that he had gained by opposing the gimmicky gas tax holiday proposals by Clinton and McCain with his new incoherent economic proposals.
He claims to feel the pain of consumers who have been hit with higher gas prices and wants to respond by:
a) Subsidizing demand by sending additional $500/$1000 rebate checks
b) Inhibiting supply by punishing oil companies with a new windfall profits tax
c) Co-sponsoring a greenhouse gas bill that would add even more gas taxes
d) Opposing new domestic oil production virtually everywhere (he may be softening on this after seeing polls indicating popular support for more drilling)
Anybody who thinks these policies will lower gas prices or help the economy is an idiot.
Obama is not an idiot.
He likes high gas prices but isn’t honest enough to admit it.