Bloomberg On Gas Tax Holiday: Dumber Than Dumb
He’s arguably THE most business savvy politician ever, and here’s his opinion on the Clinton/McCain proposal…
â€œItâ€™s the dumbest thing Iâ€™ve heard in an awful long time from an economic point of view. I donâ€™t understand why you think thereâ€™s any merit to it whatsoever. Weâ€™re trying to discourage people from driving and weâ€™re trying to end our energy dependence. We donâ€™t do that — oh, and incidentally, weâ€™re trying to have more money to build infrastructure. All three of those things go fly in the face of giving everybody $30 a year. The $30 bucks is not going to change anybodyâ€™s lifestyle. The billions of dollars that we would otherwise have in tax revenues can make a big difference as to what kind of a world we leave our children.â€
Bloomberg praised officials who opposed the â€œsummer break on gasoline taxes which would help Chavez, Qaddafi and other people like that. I donâ€™t know why anybody would want to do it.â€ He went on to say critics like Assembly Speaker Sheldon Silver were right. “And,” he added, “[Barack] Obama was right on this one, and that [John] McCain and [Hillary] Clinton were wrong. The last thing we need to do is encourage people to drive more and to take away the monies we need for infrastructure in this country.”
But hey, $30!!!