McWAR: "DON'T KNOW MUCH ABOUT ECON"

I wasn't sure about the wisdom of McWAR's suggestion that Federal excise taxes on gasoline and diesel be eliminated over the summer because that money is used for work on the transportation infrastructure. John Aravosis of AmericaBlog found that economists also have doubts:

McCain’s Gas-Tax Plan May Be a Clunker
Stephen Power reports on energy.
Wall Street Journal
April 15, 2008, 10:39 am

Relief — or fewer jobs? According to a white paper circulated on Capitol Hill last week by the U.S. Transportation Department, every $1 billion of federal highway investment supports 34,779 jobs.

Many economists have also questioned the wisdom of suspending or cutting gas taxes; doing so, they say, simply stimulates more consumption of gasoline.