Tom Friedman of the New York Times on the gasoline tax holiday, in Dumb as We Wanna Be:

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.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.

Please read the whole article. It gets worse.


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