The Petrol Pander.

“I don’t think it’s brilliant economics; unfortunately, it may be good politics. The smart people say ‘It’s stupid,’ and the people who aren’t as schooled say ‘At least it will do something for me,’…I don’t know that anyone connects the dots: that there have been a series of politically expedient decisions…that have added up to an economic picture that is not at all rosy and in fact fairly disastrous.” In an A-1 story this morning, the WP joins the recent general calumny against the Clinton-McCain gas tax cut (which Clinton is now campaigning heavily on in IN and NC — Obama is now pushing back on TV.) “‘You are just going to push up the price of gas by almost the size of the tax cut,’ said Eric Toder, a senior fellow at the Urban-Brookings Tax Policy Center in Washington.” Indeed, it’s apparently such a dumb idea that even diehard Clinton cheerleader Paul Krugman is forced to concede thus. Of course, the reality of the situation hasn’t stopped Bill Clinton from entering full-Pander Bear mode on the issue.

Update: Clinton doubles down, and introduces legislation promoting McCain’s lousy idea in the Senate. Responded Obama: “It’s a Shell game, literally.”