Showing posts with label CNN. Show all posts
Showing posts with label CNN. Show all posts

Monday, August 2, 2010

Tax Cut Expiration: $175,000 A Year Is Middle-Class, Says CNN

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.

Tuesday, March 9, 2010

DeLay Brings Yet More Shame Upon Texas -- Those Shiftless Unemployed

By Manifesto Joe

Former House Majority Leader Tom DeLay embodies a chapter of Texas history that I wish could be forgotten. But, he keeps resurfacing in all sorts of repulsive ways, including his embarrassing turn on Dancing With the Stars. Then on Sunday, he goes on CNN's State of the Union and basically says that people are unemployed because they want to be.

Here's the Huffington Post report on this, including a brief transcript.

DeLay, while he was out and about making an ass of himself, also voiced admiration for senile Kentucky Sen. Jim Bunning for tying up the Senate and screwing around hundreds of thousands of people, federal employees as well as the jobless, for days before finally backing down.

Mr. DeLay obviously needs to be enlightened about a few things. Let's just start with my own situation.

If I were to lose my job tomorrow, catastrophe would soon follow. Unemployment benefits generally run about $300 a week. That's not exactly an incentive to stay jobless. With the mortgage payments I've got to make, and the debt I have to service because of past illnesses in my family, and my own chronic health condition stemming from severe allergies, that wouldn't go far at all. Job loss for me, now, would likely mean bankruptcy, and probably having to sell my home for much less than it's worth.

Mr. DeLay also has obviously never known any common person who has endured a prolonged period of unemployment. I know a man who went through this ordeal, and he's a Type 1 insulin-dependent diabetic, too. He went through months of sleepless anxiety over his situation. And, ever since rebounding from this job loss, he's been scraping by on part-time jobs. He's never had money to retrain for something else -- not on the bare subsistence that unemployment benefits provide.

Leaving office in a cloud of scandal apparently wasn't enough to shame Mr. DeLay into private life. He seems to feel a compulsion to make a fool of himself again and again, years after his initial disgrace.

Texas has already had plenty of people, including one of the worst U.S. presidents ever, to make us look bad. Put a sock in it, Mr. DeLay.

Manifesto Joe Is An Underground Writer Living In Texas.