Jay Stewart (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} bbwoof) wrote,@ 2008-09-18 20:38:00 |
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What They Are NOT Saying
I was just listening to an interview with one Professor Taylor, a Republican economist, advocating the McCain budget plan. He made a very telling point: that in a time of troubled economy, it is a good idea to make tax cuts for the people who create jobs. He stated repeatedly that Senator Obama's plan to raise taxes on those very people was a recipe for even greater economic disaster.
What did he NOT say?
Based on only a little memory of what has been happening to the economy in the past decade, it's easy to see that those people who create jobs have been creating jobs in Mexico, China, India, and Guatemala. Making those job-creating people richer has resulted in America's working class suffering, with unemployment exceeding 6% nationwide (over 20% in the hardest-hit counties) and the safety nets for all those unemployed being slashed or eliminated altogether.
Professor Taylor also made a telling point that Senator McCain plans to implement a $5000 tax credit for every American family, for the purpose of offsetting healthcare insurance costs.
What did he NOT say?
He somehow failed to mention that McCain also wants to dismantle employer-provided healthcare insurance, thereby making yet another windfall for all of those large employers who will suddenly find their employee compensation costs reduced by an average of 40-45%. Every American family would suddenly be called upon to spend, on average, approximately $9000 per year out-of-pocket for healthcare insurance. That $5000 benefit looks pretty anemic... and it functionally transfers $4000 per year from the family's pocket to the employer's.
If this is the kind of honest, open, aboveboard rhetoric that accompanies John Sidney McCain III's campaign, what kind of accountability would mark his Presidency? We could expect to see more rich-get-richer policies, at the expense of the people who actually work to produce the wealth in the first place. I'd like to take this opportunity to say, "Thanks, but no thanks. That's a bridge to nowhere."
I was just listening to an interview with one Professor Taylor, a Republican economist, advocating the McCain budget plan. He made a very telling point: that in a time of troubled economy, it is a good idea to make tax cuts for the people who create jobs. He stated repeatedly that Senator Obama's plan to raise taxes on those very people was a recipe for even greater economic disaster.
What did he NOT say?
Based on only a little memory of what has been happening to the economy in the past decade, it's easy to see that those people who create jobs have been creating jobs in Mexico, China, India, and Guatemala. Making those job-creating people richer has resulted in America's working class suffering, with unemployment exceeding 6% nationwide (over 20% in the hardest-hit counties) and the safety nets for all those unemployed being slashed or eliminated altogether.
Professor Taylor also made a telling point that Senator McCain plans to implement a $5000 tax credit for every American family, for the purpose of offsetting healthcare insurance costs.
What did he NOT say?
He somehow failed to mention that McCain also wants to dismantle employer-provided healthcare insurance, thereby making yet another windfall for all of those large employers who will suddenly find their employee compensation costs reduced by an average of 40-45%. Every American family would suddenly be called upon to spend, on average, approximately $9000 per year out-of-pocket for healthcare insurance. That $5000 benefit looks pretty anemic... and it functionally transfers $4000 per year from the family's pocket to the employer's.
If this is the kind of honest, open, aboveboard rhetoric that accompanies John Sidney McCain III's campaign, what kind of accountability would mark his Presidency? We could expect to see more rich-get-richer policies, at the expense of the people who actually work to produce the wealth in the first place. I'd like to take this opportunity to say, "Thanks, but no thanks. That's a bridge to nowhere."
