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Clinton 'Not Going To Put My Lot In With Economists' on Gas Tax
May 04, 2008 12:36 PM
ABC News' Mary Bruce reports: Sen. Hillary Clinton, D-N.Y., declined this morning to name a single economist who backs her call for a gas tax suspension.
"I'm not going to put my lot in with economists," Clinton said in an exclusive appearance on a special edition of "This Week" from Indianapolis.
In light of fierce criticism from economic experts, Clinton said, "We've been, for the last seven years, seeing a tremendous amount of government power and elite opinion basically behind policies that haven't worked well for the middle class and hard-working Americans. ... I know if we get it right, if we actually did it right, if we had a president who used all the tools of the presidency, we would design it in such a way that it would be implemented effectively."
The Democratic candidate also responded to claims that her proposal is not a "truthful response" to the soaring prices at the pump.
"This gas tax issue to me is very real, because I am meeting people across Indiana and North Carolina who drive for a living, who commute long distances, who would save money if the oil companies paid this $8 billion this summer, instead of it coming out of the pockets of consumers," Clinton said. "Now, look, I have long-term plans too. I mean, it's a misnomer to say this is all that I'm doing. It's not. I have a comprehensive long-term energy plan that would go right at dependence on foreign oil."
Clinton also differentiated her plan from that of Sen. John McCain, R-Ariz., the likely Republican presidential nominee, who has also called for summer gas tax holiday.
"My proposal is very different from Sen. McCain," she said. "Sen. McCain has said take off the gas tax, don't pay for it, throw us further into deficit and debt. That is not what I've proposed. What I've proposed is that the oil companies pay the gas tax instead of consumers and drivers this summer."
Clinton has proposed using a windfall profits tax on oil companies to pay for the gas tax holiday. However, she also previously pledged to use windfall profits to create a strategic energy fund for renewable and alternative energies.
But when "This Week" host George Stephanopoulos asked if she had already spent the windfall profits tax, she said, "No ... the tax subsidies will go right into that [strategic energy fund]. I'm talking about something temporary this summer. My longer-term plan is, yes, to put an excess profits tax on the oil companies above a certain level of profit that would go in to help us make the transition."
May 4, 2008 in Bush, George W. | Permalink | User Comments (237)
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Is Hillary too elitist not to listen to economists?
Posted by: Stacey | May 4, 2008 12:51:08 PM
She is in a corner and can't get out. Funny though that she is there with McCain
Posted by: Thinking | May 4, 2008 12:54:27 PM
It is something..At least she is against doing nothing..Maybe to some 18 cents isnt that much to you but when i have to pay close to $90 if it was reduced I will have more money to buy lunch or a couple more things for my kids that arent expensive..Plus her energy indepence plans..Besides where were the economists with the housing? Where were the economists with the deficit? Where were the economists with Bushes taxes? I think it is time to do something than just theorize!
Posted by: linchristi | May 4, 2008 12:57:09 PM
How is a Shell Oil lobbyist who supports Clinton's plan not an elitist?
Obama was right when he said Hillary's pandering. The thiry cents they think they're saving will be thirty cents more they're losing when the price goes up.
Posted by: kravitz | May 4, 2008 1:09:53 PM
Clinton gets things done. Obama says he will tell people the truth(explain things to people because they are too dumb to figure it out, is what he means), and then what. He has no solutions. He is full of hot air.
Posted by: John | May 4, 2008 1:10:03 PM
Hillary would make the gas tax issue work. Obama's got nothing as usual.
Posted by: Samy | May 4, 2008 1:12:59 PM
Linchrsti,
What part of "LOST JOBS" as a cost for the lost tax revenues don't you understand? The roughly $28 for the ENTIRE summer will NOT be balanced out for the road construction workers who will more than likely lose jobs because there is no money for road projects.
Stop blindly supporting a candidate and pay attention to the FACTS. The notion of refusing to even acknowledge that the people who are the experts in this area say that it CANNOT WORK is utterly stupid. It's not just Democrats saying it. It's Republicans, Independents, Clinton supporters, Obama supports, etc. Not one expert in this area says that it will work or that it will even save individuals any money in the end. Why? Because the oil companies may just choose to increase their costs even further. And even if they don't $.18 isn't even worth turning on your car, let alone going to the pump.
Posted by: Eyes Wide Open | May 4, 2008 1:13:28 PM
This article is definitely only a part of the entire hour. I watched it this morning. The meat of her message on economists is not reflected above. She pointed out that these are the very same economists that have been advising on our economy and are denying the current state of our recession. She is right to not put much stock in their opinions based on their own failed performance as economists. We should listen to the people who know how to make money because they know how the economy REALLY works like Clinton and Buffett - not the windbags in a think tank on the oil company and big business payroll.
Posted by: DCVoter | May 4, 2008 1:14:54 PM
How can people not see how patronizing Obama is in his speeches? He tells people that he will tell them the truth and then explains things that even the most simpleminded person could figure out. This guy thinks Americans have an IQ of 10.
He doesn’t look so happy on the campaign trail now that is phoniness is showing through.
NO elitists in 08'
Posted by: James | May 4, 2008 1:17:47 PM
Please....how will she get this done by Memorial Day...even the Democratic Congress has remained silent on her vote for support.
If she won't listen to experts, how will she make decisions...
Posted by: PANDER | May 4, 2008 1:18:26 PM
Hillary! If you won't listen to any of the economists now, then will you ever listen to them if they try to warn you about something? You say that the intent is relief, and you wonder why people are resisting it? Intent is one thing, what it would actually do is another - can't you think systematically? Give relief to long communters at what expense? What about the summer road maintainence jobs and those millions of us who don't commute?If you think that the oil companies will cover the 8$ billion or so lost because of it, you've got another thing coming. THAT'S just a theory. You can't see 18 cents on the gallon when the prices go up nearly double that in one month. This is just another carrot being dangled in the voters faces, hoping to pander a few more votes.
OBAMA '08
Posted by: Kenvick22 | May 4, 2008 1:25:50 PM
The only thing a windfall tax will do is give oil companies an incentive to hide their income in shelters. You don't think they have smart enough people to do that?
Worse than doing nothing, she will take money away from infrastructure.
Not to mention that she already promised to use the windfall tax for other things.
Get over her. Overpromise and underdeliver. Just ask Buffalo, NY and their shrinking population. (-4% since she promised to create jobs in 2000)
Posted by: A Sham | May 4, 2008 1:26:41 PM
Who will prevail in this war of Chinese made flag pins and a mythical gas savings? I hope it's not the uneducated and uninformed like in the last two presidential elections.
Posted by: ericmiami | May 4, 2008 1:27:23 PM
For pete's sake, is the gas tax holiday the ONLY thing George Stephanopolis questioned Hillary about? More "gotcha" reporting?
Just saw Meet the Press where Russert (respectfully) questioned Obama on a BROAD range of topics.
Unfortunately, our local ABC station (Seattle) moved the ABC Sunday show out of the Sunday morning line-up---and buried it in the late afternoon.
Posted by: Carmita | May 4, 2008 1:27:55 PM
Why should she listen to economists when it comes to economic policies!
She knows better!
Hillary Clinton is an expert in
economics, Not!
You would listen to economists for the
same reason that you go to an
accountant to do your taxes!
Posted by: reaganfan | May 4, 2008 1:33:02 PM
Funny how people will defend Hillary doing 'something' even though it is crystal clear that that 'something' is really nothing . . . but political pandering of the most elite kind.
Posted by: madeyemoody | May 4, 2008 1:33:56 PM
Hey, folks. Clinton has real and specific plan not just talk. I'm sick and tired of Obama's speech for speech's sake. Go Hillary!
Posted by: emily | May 4, 2008 1:35:00 PM
People take a breath. These are her proposals if she were President now. Remember? She and Obama are both talking about things that could be done, might be done, will be done once either one of them is the driver's seat. We should be doing this, we should be doing that. Goodness sakes people, take a breath and chill out. If she were president right now, she would immediately work with our supposed democrat controlled congress and get her policies up and running. Her total energy package is wonderful. Again, these are policy proposals both candidates are saying should happen "if we were in control now".
Posted by: Kim | May 4, 2008 1:35:04 PM
Hey, folks. Clinton has real and specific plan not just talk. I'm sick and tired of Obama's speech for speech's sake. Go Hillary!
Posted by: emily | May 4, 2008 1:35:12 PM
She says what will get her votes she is ot the person to run this country>>>>>>She can even manage her own and as far as gas she has not paid for a drop in 24+ years She is a freaken NUT Why would she listen to someone who knows as she states she knows it all just ask her>>>> HELP NC and IND send her home I read even New York don't want her
Posted by: older person | May 4, 2008 1:35:40 PM
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