Posted on 10/15/2012 10:20:13 AM PDT by John Semmens
All along the campaign trail President Obama has been asserting that Governor Romneys tax plan would boost levies on middle income earners. He has been citing a study by Harvard economist Martin Feldstein and Princeton economist Harvey Rosen that he claims validates his case.
The problem is, Professor Rosen has said the President is misconstruing his work. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and that an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral, Rosen explained.
I suppose it comes down to who youre going to believe, said Obama Campaign Press Secretary Ben LaBolt. On the one hand, you have the President of the United Statesa man everyone in America knows, LaBolt said. On the other hand, we have an obscure professor who Id bet not one voter in a thousand has ever heard of before. Would you take the word of a stranger over that of the President? Well, we feel pretty confident that the majority of Americans will choose the President as the person theyll want to trust on this issue.
if you missed any of this week's other semi-news posts you can find them at...
http://constitutionclub.org/2012/10/14/semi-news-a-satire-of-recent-news-39/
Okay, on the one hand Obama is citing the study as source authority on the issue. Then on the other hand, he is calling the author “obscure” and undermining his credibility. When the author himself says that the President has misconstrued the study and has used it to made erroneous conclusions about the Romney plan, the White House defaults to its own credibility over the guy they used originaly to establish expertise. This is ridiculous.
Bwahahahaha
Thanks for the chuckle John.
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