AUSTIN, Texas -- As a general rule about Bush & Co., the more closely a policy is associated with Dick Cheney, the worse it is. Which brings us to energy policy -- remember his secret task force? In the long history of monumentally bad ideas, the Cheney policy is a standout for reasons of both omission and commission. Dumb, dumber and dumbest.
Ponder this: Next year, the administration will phase out the $2,000 tax credit for buying a hybrid vehicle, which gets over 50 miles per gallon, but will leave in place the $25,000 tax write-off for a Hummer, which gets 10-12 mpg. That's truly crazy, and that's truly what the whole Cheney energy policy is.
According to the Energy Information Administration in the Department of Energy, last year's energy bill (same as this one) would cost taxpayers at least $31 billion, do nothing about the projected over-80 percent increase in America's imports of foreign oil by 2025 and increase gasoline prices. (Since every bureaucrat who tells the truth in this administration -- about the cost of the drug bill or the safety of Vioxx -- seems to get the ax, I'm probably getting those folks in trouble.)
The bill is loaded with corporate giveaways and tax breaks for big oil. Meanwhile, Bush's budget cuts funding for renewable energy research and programs, and anyone who tells you different is lying.
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