More elites voice their opinions:
More than 200 economists, including four Nobel prize winners, signed a letter rejecting proposals by presidential candidates Hillary Clinton and John McCain to offer a summertime gas-tax holiday.
Columbia University economist Joseph Stiglitz, former Congressional Budget Office Director Alice Rivlin and 2007 Nobel winner Roger Myerson are among those who signed the letter calling proposals to temporarily lift the tax a bad idea. Another is Richard Schmalensee of the Massachusetts Institute of Technology, who was member of President George H.W. Bush’s Council of Economic Advisers.
Since oil is apparently the only thing we talk about anymore, I have a great idea for the 2008 Presidential election. We should elect two people with extensive ties to oil. Real oil industry insiders, who have experience and know how these things work. I bet we could get oil prices down in no time if we do that.
Oh. Wait. Nevermind.