The Jury Talks Back

2/27/2009

NY Times Tells God’s Honest Truth

Filed under: Uncategorized — Kevin M @ 12:13 am

The NY Times analyzes Obama’s budget and comes up with the inescapable conclusion:

The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.

No doubt they think this a good thing.

The TImes continues on, asserting that taxes will only be raised on “the rich”, but ignoring (as Reagan did not) that high marginal income tax rates also cripple upward mobility, making it very hard for the unrich to get rich.   But maybe that’s the point — hard to stimulate class warfare when people still hope to move up.


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