McCain yesterday on This Week:
STEPHANOPOULOS: Not a single economist in the country said it’d work.
MCCAIN: Yes. And there’s no economist in the country that knows very well the low-income American who drives the furthest, in the oldest automobile, that sometimes can’t even afford to go to work.STEPHANOPOULOS: But they all say that . . . the oil companies, the gas companies are going to absorb … any reduction.
MCCAIN: … they say that. But one, it didn’t happen before, and two, we wouldn’t let it happen. We wouldn’t let it — Americans wouldn’t let them absorb that.
STEPHANOPOULOS: How would you prevent that?
MCCAIN: We would make them shamed into it. We, of course, know how to — American public opinion. And we would penalize them, if necessary. But they wouldn’t. They would pass it on.
So McCain's plan is to
shame the oil companies into lowering prices. At some point doesn't incompetence have to be called as such?
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