If you believe there’s a 50-50 chance that your take-home pay will be cut by almost one-fifth beginning in as little as five months from now, would that belief affect your current spending habits?
Of course it would. But that idea apparently never occurred to the Associated Press’s Mark Jewell.
In the course of a 950-word article Monday about how the rich are getting more stingy, he focused on how “the economic slump” and “downturn” are affecting their spending, while ignoring the massive tax hits high-income earners will likely be forced to absorb (illustrated in detail below the fold) if Barack Obama wins the presidency and Democrats retain control of Congress.
On Tuesday, Rush Limbaugh made the point (link will expire next Tuesday evening) that Jewell at least conceded that what the rich do with their money affects us all, and that we should care. That’s fine, as far as it goes. A much larger and more salient point is that t...
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Yellowcake Characters Are Recent MIAs in Daily Kos SearchesFrom: bizzyblog.com
Post Date: 2006-08-30 11:50:28
Search for yourself at Daily Kos and see (all searches are set up for 30 results per page and look back over the previous quarter; searches were done at roughly 2:45 PM):
“Bush” (to prove the search engine works) — 558 results, up to and including today
“Wilson” — latest entry is August 24, well before the [...]...
BizzyBlog Blast From the Past:“Waste Ted” Stevens Threatens to Resign. He Should.From: bizzyblog.com
Post Date: 2006-08-30 11:17:58
This past has been carried forward from Tuesday evening, and will stay at or near the top on Wednesday.
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UPDATE: This article in an Arkansas paper (HT TPM Muckraker; Hot Air is on it too) says matter-of-factly that Stevens “has a hold of his own on Coburn’s bill to make public the spending patterns of the [...]...
Americans More Optimistic Less Pessimistic About EconomyFrom: bizzyblog.com
Post Date: 2006-08-30 11:02:17
The headline from American Research Group (ARG) reads “More Optimistic,” but considering the negativity still present, the organization’s latest monthly wade into what can only be described as the pools of economic ignorance dated August 23 really tells us that people are “less pessimistic.”
The objective big-picture situation in the economy is this:
A sustained 4% growth [...]...
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