Once again, the Confused Old Man™ demonstrates that he doesn’t know jack shit about the economy:
To help people weather the downturn immediately, McCain was calling for Congress to institute a “gas-tax holiday” by suspending the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. He also renewed his call for the United States to stop adding to the Strategic Petroleum Reserve and thus lessen to some extent the worldwide demand for oil.
Combined, he said, the two proposals would reduce gas prices, which would have a trickle-down effect and “help to spread relief across the American economy.”
Does McCain really think that the Exxon/Mobils of the world won’t just raise prices to pretty much where they were? Does McCain really think that retailers, already hurt by the economic crisis, won’t try to make some money?
And if it actually works? It encourages more driving and more consumption … and the price will go up! Way to go fuckwit.