Obama picks up 5 new superdelegates
Sen. Barack Obama, hoping to put the controversy over his former pastor behind him, is getting some good news: five more superdelegates in just 24 hours. Richard Machacek, member of the Democratic National Committee, also a superdelegate, is supporting Obama.
Obama - Gas Tax Holiday
Obama does not support a suspension of the gas tax, which he described as a political scheme that would save the average driver $25 to $28.
"It's typical of how Washington works -- let's find some short-term, quick fix, even though we're not really doing anything," he said. Watch an analysis of how the candidates' plans differ »
Instead, Obama would use a windfall profits tax on oil companies to help low-income families pay their energy bills. He also insists he would put forth more effort than others to limit oil companies' influence in Washington.
Analysts and Obama said the proposal to suspend the tax temporarily would do little to stimulate the economy or lower gas prices and could leave roads in disrepair.
"It's a quick fix for people who believe cheap gas is their birthright," said Tom Kloza, chief oil analyst at the research firm Oil Price Information Service. "It's not a prudent thing to do."
Kloza said the amount of money motorists would save would do little to stimulate economic growth. The revenue from the gas tax is much needed for road repairs, he added.
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