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Clive Crook

Clive Crook - Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View. He was the Washington columnist for the Financial Times, and before that worked at The Economist for more than 20 years, including 11 years as deputy editor. Crook writes about the intersection of politics and economics. More

Crook writes about the intersection of politics and economics.

Another shock

By Clive Crook
May 2 2008, 7:20 PM ET Comment

The New York Times reports that high gas prices are causing people to buy smaller cars.
Soaring gas prices have turned the steady migration by Americans to smaller cars into a stampede.

In what industry analysts are calling a first, about one in five vehicles sold in the United States was a compact or subcompact car during April, based on monthly sales data released Thursday. Almost a decade ago, when sport utility vehicles were at their peak of popularity, only one in every eight vehicles sold was a small car.

Colour me amazed. But it's not too late to interrupt this alarming trend. Let's try a gas-tax holiday. (One question about that proposal, by the way, I wish somebody would put to Hillary Clinton and John McCain: if it's such a good idea, why do it just for the summer?)

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