10 May 2008

Just occasionally I find that I agree with the omnipotent, omnipresent, omniscient yet invisible "hand of the market"

Finally, with gasoline prices continuing to rise, the American commuter is rediscovering public transit. Of course they are driving to the station but it's a start!

This is another reason why the McCain-Clinton idea of a "gas tax holiday" is such a bad idea. As I have suggested before if anything the tax rate should be raised progressively over time to perhaps a dollar a gallon or more and the additional funds ring fenced for mass transit projects and alternative, renewable energy research.

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