Saturday, August 02, 2008

Tax-Factless Wall Street Journal-omics

By Alice Cherbonnier
August 2, 2008

On July 29, the Wall Street Journal forfeited a full half page of op-ed space to a specious article called "Obamanomics Is a Recipe for Recession," written by Michael J. Boskin, a Stanford University economics professor and "senior fellow" of the Hoover Institution. Boskin chaired the Council of Economic Advisors under President George H. W. Bush.

Read on.

5 comments:

(((Billy))) The Atheist said...

Has anyone pointed out to economists that every time we reduce the marginal tax rate for the wealthiest Americans, two things happen. First, the pay for CEOs and other executives skyrocketted while pay for the people actually doing work stalled, and second, more and more jobs are outsourced overseas.

I majored in history. I am not an economist. But this strikes me as something more than a coincidence. Has anyone ever done a study of this?

euthyfro said...

Well billy the Atheist, it's just another small part of the massive juggernaut. You & I can point out historical parallels, facts and apply logic, but we are dealing with an enemy that disregards what they call "the reality-based community" as they did to sell a war & now, as ever, are doing in furtherance of the extreme redistribution of wealth & resources.

I see your Atheist and raise you a Vegan Marxism. On the first point: yup, therein is the mysterious contradiction of the American electorate, it has yet to ever vote in it's own material interest against fallacious psychological trickery.
On the second: My perspective as an Internationalist is not that the jobs move from one country to another but that the workers in the country they move to are so completely exploited.

SirScud said...

INCOMING>>>>>

It seems probable that the "comments", allegedly made in response to this article, are an indication of the inability of the citizens to focus on the specific substance of what they read, even when it is presented to them in concise and simple terms.
In this piece by Alice Cherbonnier, the focus is on exposing the dissembling of Michael Boskin with regard to the proposed tax reforms of the two major party candidates for president, and the dissemination of his convoluted "explanations" as expert economic advise by a "respected" organ of the corporate MSM, under the "specious" title "Obamanomics Is a Recipe for Recession."
Ms. Cherbonnier did an excellent job debunking this piece of political propaganda, and ConsortiumNews did a service to us all by posting her work.
For the readers of this cite to careen off into digressions about income disparity and the exploitation of workers speaks volumes about the apparent inability of our people to focus on any specific issue comprehensively, even when it is in their own best interest to do so.
Simplistically parroting talking points IS NOT informed discussion!

Anonymous said...

I work in small accounting firm in Sydney (Cross Accountancy Services| http://www.castax.com.au/ ) and we believe that the slowdown in businesses activity is growing and our business is affected by it. Our Sydney Accountantscontinue to receive a tax reduction request from our small business clients which we find it very common in our area. We manly advise the client to reduce the cost of the operation by finding cheaper alternatives such rents, suppliers and other services.

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