Bill O'Reilly (commentator) - Should Congress suspend the gas and diesel tax from Memorial Day through Labor Day 2008?

Candidates’ gas plans are pure snake oil
By Bill O’Reilly

Sen. John McCain proposes a gas tax “holiday” this summer. True, that would save the folks a few bucks, but it would also add to the massive spending deficit. The government better start balancing the budget soon, before Haagen-Dazs becomes more valuable than the U.S. currency.

The sad truth is that both political parties have sold out the folks. For decades, economists knew China and India were industrializing, and that those countries would demand ever greater amounts of oil. Everybody knew that OPEC would slow down production and gouge the world if it could and, of course, now it can.

But if Americans would get angry and begin punishing the oil bandits, prices would drop. However, we are often a selfish people. We want those gas-guzzling Hummers and SUVs, and we’re paying a big price for that, above and beyond the sticker.

Back home, oil prices are hurting most Americans. Senators Clinton and McCain want to suspend the federal gas tax this summer. Fine with me, but the truth is that both parties have sold out the folks on oil. Senator Clinton voted against drilling in Anwar and the expansion of nuclear energy.