I had no idea that the economic interests of oil companies were identical with those of the vast majority of Americans. Good thing we’ve got Hillary Clinton, Populist Extraordinaire around to tell us otherwise:
She did not. “I’m not going to put in my lot with economists,” she said on ABC’s “This Week” program. A few moments later, she added, “Elite opinion is always on the side of doing things that really disadvantages the vast majority of Americans.”
Economists, environmentalists, everyone who’s thought about the issue for ten minutes, etc. I’m not going to say that our public policy should blindly conform to the consensus among the economics profession, but the gas tax holiday is an illiteracy on a much deeper level — there’s simply no support for this idea among people who’ve looked at it in a serious way. That’s not elitism, that’s reality, and what Clinton’s selling is Bush-style misgovernment.