Great article from Thomas Friedman in the New York Times on why the McCain-Clinton gas tax holiday is a bad idea. Economists of all stripes have labeled this as political pandering at its worst; with no relief on gas prices in sight, the McCain-Clinton strategy is to increase demand by lowering the price, which will, in turn, raise the price because of increased demand.
Friedman's article suggests that we really ought to stop concentrating on short-term fixes and begin investing in renewable sources. Failure to do so will kill jobs and further drive much-needed investment money into other countries, like Germany, where renewable energy research and development is a major priority.
Article is here.