Here’s what’s wrong with the news:
Obama has pledged to keep the tax cuts in place for everyone except
those making roughly $250,000 and up. He has also made proposals to cut
taxes further for the middle class, some of which he reiterated in his
speech: exempt seniors making less than $50,000 from having to pay
income tax; give a tax credit worth up to $500 per working person
($1,000 per family) to offset the Social Security tax on the first
$8,100 of earnings; and expand the earned income tax credit.To
boost retirement savings, he has also proposed a 50% federal match on
the first $1,000 of savings for families that earn under $75,000.
Is that 50% matching funds on the first $1,000 per year? Or overall? Because if the federal government is only going to give an extra $500 in retirement funds, then it may as well keep the money, but an extra $500 per year might be effective. This article doesn’t really let us know what Obama is considering. Is it really so hard to be a reporter? In the article she fails to offer any real analysis or facts: "The jury is still out on how successful those rebates will be stimulating the economy." The jury is still out? How about you give us some objective analysis on this, Ms. Sahadi? Tell us how it might help, or might not be enough? Anything to demonstrate you have the first notion of the workings of the economy.
Absolutely pathetic reporting by Jeanne Sahadi. She gets the dumbard of the day award. If anyone knows exactly what Obama is proposing here, leave it in the comments. And then email Sahadi to let her know what an idiot she is.
June 10, 2008 at 2:42 pm |
And how far out of any kind of intelligent thinking is McCain?
“McCain Campaign Agrees With CNBC Pundit: Americans Making $200,000 Are ‘Not Rich’”
http://thinkprogress.org/2008/06/10/mccain-not-rich/
Good to know that I am at poverty level, Mr. I Own Eight Houses With My Trophy Wife Who Inherited Hundreds of Millions. How about some help for those poor people who make that measly $200k. And what about that poor schmoe who is barely eeking by at $30,000? Persona non grata!
June 10, 2008 at 7:25 pm |
More of what’s wrong with the news, er, Fox, which is anything but…
On Fox News today, Carly Fiorina, who is a top economic adviser to Sen. John McCain (R-AZ), blatantly distorted Sen. Barack Obama’s (D-IL) tax proposals. When Fox’s Martha MacCallum noted that Obama says he wants to “put money back in people’s pockets and give them tax cuts,” Fiorina claimed that Obama has “not proposed one single tax cut”:
FIORINA: Yes, but he’s not proposed one single tax cut. In fact, every program he’s proposed is a tax increase, whether it’s an increase in payroll taxes, an increase in capital gains and dividend taxes, an increase in Social Security taxes, or an increase on small- business owners. Everything he’s proposed is a tax increase, not a tax cut.
http://thinkprogress.org/2008/06/10/fiorina-obama-tax-cut/
Except, guess what? Obama’s own site says (amongst other things):
Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new “Making Work Pay” tax credit of up to $500 per person, or $1,000 per working family. The “Making Work Pay” tax credit will completely eliminate income taxes for 10 million Americans.
http://www.barackobama.com/issues/economy/
May Fox go down in history as the worst “journalism” experiment in history.
Olbermann’s ratings beat O’Reilly in the key demographic. I would gladly watch O’Reilly go into his rant…as his head will definitely explode.
One less unAmerican, unpatriotic asshole in the world!
Fox went to court to be able to lie on its shows (and it won). Fox won, in court, the right to lie to the American public.
http://www.projectcensored.org/top-stories/articles/11-the-media-can-legally-lie/
Fox just won a case with the judge calling the anchors gullible for reporting a stupid story – which was incorrect. Fox was sued by the group that was the basis of the story.
http://www.heraldnet.com/article/20080605/NEWS02/866923400/-1/news02
Anyone who watches Fox to be informed, is a moron.