Reader Posts

« previous | TPM CAFÉ READER POSTS HOME | next »

Obama's dream - the McCain nightmare

avatar

Obama’s dream?  To restore the American dream: that if you work hard, you too can get there.
McCain’s dream:  if you’re well educated and affluent, you can become even more so - and the devil take the hindmost. 
McCain doesn’t understand the social contract: that to comply with it, most citizens have to believe that there’s something in it for them in order for them to continue to  abide by it.
What all Americans must understand by the end of the presidential  campaign is that McCain’s dream is going to turn the USA into something resembling NDC’s: a classic niche economy where you have pockets of real affluence and growth with a vast hinterland of the lost, hungry, undereducated, sick  and homeless.
Think India now:  where a million subsistence farmers committed suicide last year because they were chucked off their pathetic little lots so that huge office blocks could be built for the new high tech industry.
McCain’s dream is an American nightmare.
You think I’m exaggerating?
Well if you don’t read anything else on the net for an entire week, this one on Huffington is a must:  Jared Bernstein’s article on  the reality of what McCain intends to do with his (non) taxation policy:
`The numbers in the table show the revenue loss to the Federal government from McCain's proposed tax cuts. In the far right corner is the 10-year total: -$5.7 trillion.
People deride the Republican candidate as "McSame," implying a continuation of Bushonomics as well as the president's foreign policy. But from the perspective of domestic policy, it's much worse. Sure, McCain extends the Bush tax cuts but that's the least of it. At $1.7 trillion they amount to less than a third of the damage.
Note also that the big ticket tax cuts-eliminating the alternative minimum tax and lowering the corporate tax-both follow on another Bush tradition of exacerbating market-driven (i.e., pre-tax) inequalities by cutting high-end taxes the most.
As I stress here , McCain's plans to pay for these tax cuts amount to filling a crater with a teaspoon of sand. Earmarks won't get you there, so he'll have to go after discretionary spending. In fact, he's already suggesting a freeze in such spending, excluding defense, of course. Sound inoffensive until you consider that we're talking about kids' health care, education, child care, training for displaced workers, environmental and labor protections, and dozens more programs that lots of people actually need and care about.
Plus, he can't fill the hole he's dug with cuts in these programs either, which leads you to the inevitable punch line of all this: his target is the entitlements, Social Security and Medicare. Those programs have always been the big enchiladas for the Norquist shock troops and they've never recovered from their Social Security privatization defeat. Well, they're back, incognito.
For the entire article,  http://www.huffingtonpost.com/jared-bernstein/the-most-important-piece_b_101237.html

 

 

 


Comments (1)

avatar

That is too funny...

Post a Comment

Inside Cafe



Cafe Features


October 6-10

Book Cover

October 13-17

Book Cover

October 20-24

Book Cover

November 17-21>

Book Cover

December 1-5

Book Cover





Book Club Archive



Masthead

Editor-in-Chief
Josh Marshall

Site Editor
Lila Shapiro

Intern
Claire Wilcox



Subscribe to TPMCafe's feed.
Subscribe to TPMCafe's reader blog feed.

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address