Clinton raised questions about Obama's ability to connect with working-class Americans while dismissing economists who have said her plan to suspend gas taxes over the summer would do little good.Back in 2006, economists at the New York and Philadelphia Federal Reserve banks started sounding the alarms about where the economy was headed. I was scoffed at when I'd bring this up during presentations. I would argue they were pretty much on the money.
"I'm not going to put my lot in with economists," Clinton said when asked to name an economist who backed her proposal.
Now, we seem to have two candidates who want us to eliminate the gas tax for the summer. Economists have panned the idea as having little impact for the consumer, because there's no guarantee any of the drop in price would be passed on to the consumer.
Then, you have to add in the fact we as taxpayers would have to borrow money to replace the transportation funds to repair bridges so they don't collapse like the one in Minnesota. So not only is there no guarantee we wouldn't be hosed at the pump, we'd be paying the money back with interest.
I know I don't comment much on the Presidential race, but this comment is absolutely too ridiculous to ignore.