That's a lie. An outright lie.
Posted on 07/11/2006 4:59:35 PM PDT by Mr. Brightside
Another Mission ‘Accomplished’
Published: July 11, 2006
There not much to crow about in the White House midsession budget review. But President Bush is likely to gloat, anyway.
/snip
The revenue surge is neither a sign that the tax cuts are working nor of sustainable economic growth.
A growing number of economists, most prominently from the Congressional Budget Office, point out that upsurges in revenue are also the result of growing income inequality in the United States, an observation that is consistent with mounting evidence of a rapidly widening gap between the rich and everyone else.
As corporations and high- income Americans claim ever more of the economic pie, revenues rise, even if there’s no increase in overall economic growth....
It would make sense to use some of the windfall revenue to enact policies and programs that tilt against growing inequality. Unfortunately, (George Bush is) flogging more tax cuts that will deepen the divide.
(Excerpt) Read more at nytimes.com ...
Do you (liberals) want more dollars or a "more equitable" tax rate?
The answer to that is an unequivocal "yes"!
The "Old Gray Wh*re" purposely skewed the numbers and included W[BJ]C's 2001 pit-of-recession and the post 9/11 hit to wildly knock down the performance numbers. Had they used the start date of the tax cuts & rebates, things look wildly better than any administration they can point to...
The New York Times will continue to lose credibility with reporting like this.
Let's see:
Buzzwords: check.
Sympathy generators: check.
Presumptive attitude: check.
Facts: none (check).
Clear to publish.
And the blue, cloudless sunny sky is not a sign that the weather's nice today.
The NYT is deathly sick and this article confirms it. What a load of manure.
They always forget that the tax cuts took ten million families off the tax paying rolls. 47 percent pay zero!
I think the minimum tax should be at least one dollar.
So is he claiming that there isn't any overall economic growth? Note that he implies it without saying it.
The truth is that there has been tremendous economic growth. And this kind of a writer will report it as a negative if his income went up, but yours went up more.
Who wrote this article, Karl Marx? If George Bush solved the global warming problem, the NY Times would write that he made things too cold and thus caused global freezing!
But, what do you expect from the NY socialist libs who could care less about income inequities as they dine in the fancy NY restaurants and party in the hamptons with all their rich millionaire friends.
I wouldn't be surprised if Krugman actually wrote it.
I remember NBC news during the Bush Dukakis race. The biggest news of the day was that inflation was the lowest in more than a decade. NBC's Irving R. Levine reported it like this: "Retirees are set to receive the smallest cost of living increase in more than a decade."
Here we go again. Class warfare.
Is there an election coming up?
From Nancy Pelosi's pen to the editorial pages of the NYT. Who knew?
If the poor make zero and everybody else's income goes up, the income gap widens. Duh. Since zero is zero, the only way to narrow the income gap is for everybody else to make less than before. And the Times thinks that would be a good thing?
bump
They couldn't possibly lose anymore with me.
The NY Times is missing the whole point of tax cuts, which are not intended to raise government revenue but are intended to increase the disposal income of Americans. Big growth in government tax revenue is bad, not good, because it inevitably leads to big growth in government programs, government spending, and government control of our lives. The Times also appears to be factually incorrect in this statement because they appear to be assuming that the current business cycle and per capita government revenues have peaked. There's no economic evidence to support that assumption.
"Much of the increase in tax receipts is from corporate profits, high-income investors and super high-earning executives, sources that are just as unpredictable as the financial markets to which they’re inevitably linked."
False statement implied here: corporate profits are not generated by events in the financial markets. The reverse is true: the financial markets are driven by the growth rate of corporate profits. Much of the revenue increase is also from the increased income of small businessmen, which is not linked to the financial markets.
Does anyone at the NY Times know anything about economics, or did they all go to journalism school and just learn how to write?
Seems like the NYT has done the bovine equivalent of grazing on fresh alfalfa. This ranks up there with Gore touting global on the record cold winter day awhile back.
First Teddy the Swimmer with an editorial about raising the minimum wage...
next.. the WAPO with a lame article about the wage gap between skilled and unskilled labor...
and now this from the NYT.
Subtle the left. Does hitting someone over the head with a cast iron frying pan equate to Dean's scream or the size of Teddy Kennedy's jockey shorts? (What's that? Size 60xxx?)
What next? Rubber chickens, vaudville acts, and Bible revivals preached by Jimmah Carter?
Lord have mercy. I can't imagine what type of diplomacy they would do. Oh, yes I can. Mad Maddie Albright and her lousy hat come to mind.
Anyone catch Marvin Kalb's comments on BOR tonight? Apparently, he thinks we should all be bowing down and thanking our lucky stars for the NYT.
I caught them. Kalb is a real jerk!
Thanks, but you're late. I'm over here.
That's a lie. An outright lie.
If Bill Keller feels guilty about the gap between rich and poor he's welcome to lop off 50% of his salary and add it to mine. While he's at it, how bout a 4-bedroom on the Upper East Side and a place in the Hamptons.
Paul Krugman, turn in your degrees. You are a dumba$$.
...but it isn't.
5.56mm
Well...now, this is a good thread to be on.
BUT, I am listening to some blogger chick on John Gibson's radio show...telling him how AWFUL our economy is ...LOL
Why do they bore us? They should just write:
We want to take your money and re-distribute it to the "poor" because we feel guilty about going to cocktail parties in the Hamptons.
That sums up every NY Times editorial for the last 40 years.
Yes, I did...and he thanks GOD for the NYTimes...well, that is because, like Laura Ingraham just said, it is because the NYTimes' POV is the same as Kalb's.
IOW...Kalb is a lefty MSM type.
: )
Relax, it's just an editorial by some nameless clueless angry DUmmy.
And let's not forget:
Vacuous analysis: check
Innumeracy: check
I am relaxed. It's just fun to beat up on the Times.
Seriously, the Al Qaeda Times has been thoroughly outed as a Liberal propaganda rag, as relevant as Air America.
National Enquirer is more credible.
Talk about an all-purpose and humiliating qualification "Yeah, but I read it in the AQTimes - who actually believes those old Socialist whores?".
They won't ever take this any further, because those at the bottom of the barrel are the ones living on government support.
Wow! Who wrote this tripe? Does anyone at the NYT know something about anything?
It's called socialism.
I think the NYT is jealous that IT is not making higher profits, and thus, paying higher taxes.
Your analysis is right on...but you're wasting bandwidth. For the NYT and the left....an increase in disposable income means more power for individuals, and less Federal dependency. In otherwords, good for you and me ...bad for them. Quite seriously, the Democrats see their opportunity only in our misery...and hence their stand on the war on terror.
Interesting
Intresting if you like lies. Overall economic growth is now working on like its 18th quater of greater then 3% growth. What the time says here is an out right lie. You cannot even claim it as a distorition, it is just a lie. Real Wage growth, Ecnomic growth, Consumer Confidence, etc etc etc. It all growing and the NY Treason Times simply lies here. No misstatement, not partial truth, just an utter and complete lie.
Well everyone else just not them. Marxists always thing that best thing in life is for everyone else to be equally miserable, then it is "Fair". Notice none of the Junk Media Editors types ever give ANY of their ill gotten over inflated salaries back.
Despite Tax Cuts for the Rich, an Increase in Revenue
Lies or wrong reasoning? If the stratification increases the progressive system of taxation should lead to the higher revenue or not?
"As corporations and high- income Americans claim ever more of the economic pie, revenues rise, even if there’s no increase in overall economic growth...."
*****Snip******
That statement is an our right lie. It is what is know in Ecnonmics as a Zero Sum Fallacy. The LIE is that the pie is one size. It is not, it grows. EVERYONE can get richer (what is going on now) or everyone can get pooer (the 1930 Depression) or some gain and some lose.
But the rich do NOT get rich on the back of the poor. It a stupid Marxist lie that anyone with even 1 class in basic Economics knows is a fraud. They know they are lying but do not care since it serves their "Holy Mission" of getting Bush. It a LIE, not a difference of opinion, A LIE.
Here read about it yourself. This is not a "difference of opinion" it is a knowing lie told by the NY Treason Times.
http://www.promethea.org/Misc_Compositions/PrometheanCapitalism/Zero-Sum.html
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