Showing posts with label forbes. Show all posts
Showing posts with label forbes. Show all posts

Friday, March 19, 2010

Are Tea Party Members Protesting Out of Ignorance? Yes -- According to Forbes Article

Bruce Bartlett's latest column in Forbes analyzes the views of Tea Party members regarding taxes -- a primary source of their movement's anxiety. It turns out that most of the Tea Party members who responded to a recent survey regarding federal tax policy have highly distorted views about the magnitude and direction of taxation in the country.

Here is a clip from Bartlett's article:
Tuesday's Tea Party crowd, however, thought that federal taxes were almost three times as high as they actually are. The average response was 42% of GDP and the median 40%. The highest figure recorded in all of American history was half those figures: 20.9% at the peak of World War II in 1944. . . .

Tea Partyers also seem to have a very distorted view of the direction of federal taxes. They were asked whether they are higher, lower or the same as when Barack Obama was inaugurated last year. More than two-thirds thought that taxes are higher today, and only 4% thought they were lower; the rest said they are the same.


As noted earlier, federal taxes are very considerably lower by every measure since Obama became president. And given the economic circumstances, it's hard to imagine that a tax increase would have been enacted last year. In fact, 40% of Obama's stimulus package involved tax cuts. These include the Making Work Pay Credit, which reduces federal taxes for all taxpayers with incomes below $75,000 by between $400 and $800.

According to the JCT, last year's $787 billion stimulus bill, enacted with no Republican support, reduced federal taxes by almost $100 billion in 2009 and another $222 billion this year. The Tax Policy Center, a private research group, estimates that close to 90% of all taxpayers got a tax cut last year and almost 100% of those in the $50,000 income range. For those making between $40,000 and $50,000, the average tax cut was $472; for those making between $50,000 and $75,000, the tax cut averaged $522. No taxpayer anywhere in the country had his or her taxes increased as a consequence of Obama's policies.
I suspect most Tea Party members would simply deny this information.

Monday, May 25, 2009

Selective Memory Alert: Forbes Article Blames Obama for North Korea's Recent Missile Launch

In a stunning defiance of history, Bahukutumbi Raman, the Director of the Institute for Topical Studies in Chennai, India, blames President Obama for North Korea's recent missile testing. In an article published in Forbes, Raman makes the following observation:
The defiant action of North Korea in testing a long-range missile with military applications last month, and its latest act of defiance in reportedly carrying out an underground nuclear test on May 25, can be attributed--at least partly, if not fully--to its conviction that it will have nothing to fear from the Obama administration for its acts of defiance.
Although Raman concedes that North Korea conducted its first underground nuclear test in 2006, he nevertheless argues that:
After Obama assumed office in January, whatever hesitation that existed in North Korea's policy-making circles regarding the likely response of U.S. administration has disappeared, and its leadership now feels it can defy the U.S. and the international community with impunity.
Raman also complains that Obama, like President Carter, could create an image of the United States as "soft and confused" on foreign policy. Raman, however, fails to disclose the fact that North Korea's "missile program" began and grew substantially during the 1980s and 1990s, while presumably "tough and coherent" Republicans and a Democrat occupied the White House.

North Korea began flaunting its missile power long before Obama's presidency. In 2002, President Bush made his infamous speech that placed North Korea, along with Iran and Iraq, on a list of nations constituting an "axis of evil." The next year, North Korea became the first country ever to withdraw from the Nuclear Nonproliferation Treaty. North Korea previously announced its intent to withdraw from the pact during the Clinton administration, but shifted course following international diplomacy and pressure from nations, including the United States.

In 2006, four years after Bush's axis of evil declaration and after years of "strong" warfare in Afghanistan and Iraq, North Korea tested a nuclear missile, provoking international outrage. That same year, Iran defied international pressure and stated that it would resume its uranium enrichment program and that it would discontinue voluntary measures that gave international inspectors access to its nuclear facilities.

Now, in 2009, North Korea has conducted additional missile testing. According to Raman this likely would not have happened if Obama were not soft on foreign policy and national security. Raman's argument, however, seems very "weak" on history and strong on partisanship.