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Obama's dream - the McCain nightmare
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)
That is too funny...
May 12, 2008 9:44 PM | Reply | Permalink
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