By Manifesto Joe
The propaganda machine aimed at continuing Il Doofus' tax cuts for his rich friends is shifting into high gear, and the allegedly liberal Mainstream Media are falling for the line, and into line.
CNN is no exception. Sunday afternoon I watched a special report focusing on a family in New Jersey who were supposed to exemplify "the middle class." There was one enormous, gaping problem -- they aren't.
This was a couple with two kids. Both parents work at secure jobs. The man is a Certified Public Accountant. Their household income -- $175,000 a year.
Man, if that's middle class, I want to know which planet that's on, and how my wife and I can legally immigrate there. That's well over twice as much as my household has ever brought in, and in real, inflation-adjusted dollars.
I understand that a lot hinges on what one's definition of "the middle class" in America is. It may not necessarily be a family of middle income -- by definition, the middle class includes professionals such as doctors, lawyers, CPAs and such. These groups fall short of what is traditionally regarded as the upper class, people who can get into the Social Register and so forth.
But these groups are at the very highest end of the upper middle class, and are hardly representative of a broader view of middle America. Many more people are "lower" middle class than are "upper" middle class. In 2008, according to the Census Bureau, the median annual income of U.S. households was just over $52,000.
This would probably put the aggregate midpoint of the U.S. "middle class" at somewhere around $70,000 per household, when the very large lower middle class living on median incomes is included.
This report illustrates the insularity of much of the allegedly liberal MSM. If these are "liberals," they are most certainly of the limousine variety. I guess they pay a lot more at CNN than they do the rank-and-file workers in the sector of the MSM where I work.
What to do about the expiration of the tax cuts is certainly a debatable issue. On one hand, it's worth recalling that when the previous tax rates were in effect, late in the Clinton presidency, the federal government was running a record surplus. On the other hand, letting taxes go back up broadly, now, might derail an already-weak economic recovery. I think the Obama administration is on the right track by suggesting that taxes go back up only on families making $250,000 or more a year. I'd say that is filthy rich by almost anybody's standards.
But the debate isn't helped by the kind of laughable distortion I saw yesterday on CNN. This focus couple, making $175,000 a year, were lamenting that they would have to cut back on discretionary spending by about $350 a month in order to meet the bigger tax bill.
Poor little tootsies!
Manifesto Joe Is An Underground Writer Living In Texas.
POSTSCRIPT: Here's a link to the CNN report by Allan Chernoff. It looks even more stupid on second viewing. And, predictably, there's no way for the viewer to comment negatively.
Showing posts with label tax cuts. Show all posts
Showing posts with label tax cuts. Show all posts
Monday, August 2, 2010
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