Archives for: May 2008, 01

05/01/08

Dumb as We Wanna Be

In an Op-Ed appearing in the May 1st edition of the New York Times Thomas Friedman writes:

It is great to see that we finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead our nation, it takes your breath away. Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer’s travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks....
...
The ... gas holiday proposal is a perfect example of what energy expert Peter Schwartz of Global Business Network describes as the true American energy policy today: “Maximize demand, minimize supply and buy the rest from the people who hate us the most.”
...
For almost a year now, Congress has been bickering over whether and how to renew the investment tax credit to stimulate investment in solar energy and the production tax credit to encourage investment in wind energy. ... When Congress passed the 2007 energy bill last December, it failed to extend any stimulus for wind and solar energy production. Oil and gas kept all their credits, but those for wind and solar have been left to expire this December.
...
The McCain-Clinton proposal is a reminder to me that the biggest energy crisis we have in our country today is the energy to be serious....

By Thomas Friedman
FOR FULL OP-ED GO TO:
http://www.nytimes.com/2008/04/30/opinion/30friedman.html?em&ex=1209700800&en=5e50edff9f212b25&ei=5087%0A
The New York Times www.NYTimes.com
Op-Ed Published: April 30, 2008

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