A Fair Trade for Lower Gas Prices

A wonderful thing happened in Washington last week. Both political parties tried to bribe the American people past their anger over high gasoline prices, and the public response was a collective guffaw. The Republicans' $100- rebate bribe—yet another indication that Senate majority leader Bill Frist has become the central clearinghouse for cheesy political ideas—received most of the ridicule. But the Democrats were equally craven, proposing a two-month "holiday" from the 18(cent)-per-gal. federal gasoline tax. This is not to suggest that we have suddenly become a...