Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, October 29, 2008

Pat Buchanan Flails Wildly in Terror at "Obamaland"

There's an article up by Pat Buchanan that I found via Shakesville. In short, Buchanan fears for the state of the Union if Obama is elected; he's sure that our country will come to its end. Here's a list (with my annotations) of what would happen in the first 100 days of "Obamaland," as he so eloquently puts it:
-- Swift amnesty for 12 million to 20 million illegal aliens and a drive to make them citizens and register them, as in the Bill Clinton years. This will mean that Nevada, Colorado, New Mexico and Arizona will soon move out of reach for GOP presidential candidates, as has California.

-- Border security will go on the backburner, and America will have a virtual open border with a Mexico of 110 million.
OH NOES, no GOP in Nevada, Colorado, New Mexico, and Arizona!? Register immigrants so they have access to education, health care, protection, etc.? Why that's such a humanitarian thing to do! (More on immigration later.)

-- Taxes will be raised on the top 5 percent of wage-earners, who now carry 60 percent of the U.S. income tax burden, and tens of millions of checks will be sent out to the 40 percent of wage-earners who pay no federal income tax. Like the man said, redistribute the wealth, spread it around.

-- Social Security taxes will be raised on the most successful among us, and capital gains taxes will be raised from 15 percent to 20 percent. The Bush tax cuts will be repealed, and death taxes reimposed.

Yup, that's about right. See, even after rich people pay taxes, they're still rich. I'm tired of rich people whining about how terrible it is to be rich. If rich people are going to get all of this bailout money to save their companies from their own greedy actions, then I think they should pay for their own damn bailout and leave the poor people (that can't afford to participate in their companies in some cases anyway) out of it.

-- Two or three more liberal activists of the Ruth Bader Ginsberg-John Paul Stevens stripe will be named to the Supreme Court. U.S. district and appellate courts will be stacked with "progressives."
Oh shit, "progressives." They only want equal rights for all, even for you, Pat! :(

-- Special protections for homosexuals will be written into all civil rights laws, and gays and lesbians in the military will be invited to come out of the closet. "Don't ask, don't tell" will be dead.

-- The homosexual marriages that state judges have forced California, Massachusetts and Connecticut to recognize, an Obama Congress or Obama court will require all 50 states to recognize.

If you're against gay marriage, then don't marry a gay. Yes, let's protect minorities from the majority's ignorance and bigotry. And if you say, "state's rights," then that actually translates to "majority's rights," and that means ignorance and bigotry will be enacted into law in red states. Discrimination should always be voted against, particularly when that discrimination stems only from religious thought.

-- A "Freedom of Choice Act" nullifying all state restrictions on abortions will be enacted. America will become the most pro-abortion nation on earth.
If you're against abortion, then don't get one. And by the way - there is no such thing as "pro-abortion"! Do you realize what you suggest when you say that? When Roe v Wade was decided, there was certainly celebration, but no one celebrated by going out and getting an abortion! Abortion is the last ditch option. If you say "pro-abortion" instead of "pro-choice," then all that tells me is that you have no respect for the position a woman is in when she is pregnant and can't take care of or afford the baby, nor do you have any respect for the woman herself.
-- Affirmative action -- hiring and promotions based on race, sex and sexual orientation until specified quotas are reached -- will be rigorously enforced throughout the U.S. government and private sector.
Here's my take on affirmative action: it's a crutch. It should not be necessary. It should not have to be implemented, because we as a nation should be above this already. We should have learned already. Racism, sexism, and homophobia should have nothing to do with your hiring and promoting decisions. But they still do. And that's why affirmative action is still necessary. But make no mistake: liberals and conservatives both hope that it will go away one day, if for very different reasons.
-- Universal health insurance will be enacted, covering legal and illegal immigrants, providing another powerful magnet for the world to come to America, if necessary by breaching her borders.
I guess now is a good time to talk about illegal immigration. In short: it's a fear tactic. Immigrants are not inherently dangerous or spiteful. This country's strength is in its diversity; we should be doing everything we can to encourage newcomers, because it makes us stronger as a nation. People from different backgrounds and cultures bring different perspectives to America's problems and come up with innovative and different ideas to solve these problems - when given the chance. Why shouldn't all citizens get access to health coverage?

The more people that are healthy and the more people with money in their pockets are more able and likely to make purchases from the rich white men's companies. Everyone wins if we support the bottom of the barrel. The average poor person is not poor because he's lazy; this has been proven and demonstrated time and time again. Currently, it's the cost of health care that makes people poor. That's through no fault of their own, so let's fix it. If we do, then those people can continue to participate in the economy, in their communities, and in their country. Isn't that what we all want, conservative or liberal, rich or poor?
-- A federal bailout of states and municipalities to keep state and local governments spending up could come in December or early next year.
I hadn't heard about this. It doesn't sound bad to me either, when you strip out the negative terminology. The federal government is already giving money to states and municipalities for various reasons (i.e. schools, roads, parks). The less money the government spends, then the less we can afford government employees and contractors. And last I knew, conservatives were all about job creation. And no one anywhere is advocating spending money for the sake of spending it.
-- The first trillion-dollar deficit will be run in the first year of an Obama presidency. It will be the first of many.
I think Pat might have forgotten for a few minutes that President Bush is, in fact, a product of his own party. Clinton did a great job with the budget, so far as I know. And he's a product of Obama's party. Now, just because Clinton did a good job and Bush did a terrible job doesn't mean that Obama will do a good job and McCain will do a terrible job. But they both adhere pretty strongly to the same parties that Clinton and Bush do. (McCain's "maverick" shtick = 90% agreement with Bush.) So it's not unreasonable to assume such a thing, particularly when both candidates would say things to lead you to the same conclusion. Maybe if Buchanan gave us some, you know, evidence, I might have an easier time being worried.
Welcome to Obamaland!
Thanks, Pat. I'm sure I'll enjoy my stay.

Wednesday, October 22, 2008

Financial Aid and the Middle-Class

A friend of mine made a comment some time ago, when it had come time to fill out the FAFSA for the coming year:
It's so hard to find financial aid when you're a white male; it's all for women and minorities.
The paradox (and ignorance) made me stop and think. Has our college financial aid system gotten so obsessed with helping the oppressed that we forget about the privileged? I don't think so. And when I remembered the sort of family he comes from, it turns out that his comment is really not so one-dimensional.

For the record, he is a white, bisexual male coming from a middle-income, still intact (read: not divorced) family, and he has two colleged-aged brothers, one of which with ADHD. Compare to my situation: I am a white, bisexual female coming from a low-income, divorced family, and I have one college-aged sister, and no one in my family has any major health problems, mental or physical. When I asked my mother how we were going to pay for my college education - and wondered if we could afford for me to go at all - she said, "Don't worry about money, sweetheart. There's plenty of money out there." She was right. There is plenty of money for me as a poor girl with a 3.9 high school GPA and a 3.8 college GPA.

The problem here is not that my friend is a white male complaining from his high throne of privilege about minorities getting all the welfare money. It's not that simple.

There are a lot of flaws in the financial aid system, for everyone. The root cause of nearly all these flaws is simple: there is not enough money. Period. There is only enough money to help out the poor, minorities, and women, and only just. That means that there is very little money to go to the people that need it second most: the middle-class. I have met many, many students - of cultural privilege and average wealth - that struggle with paying bills. These students are getting all the money their parents can afford to give up, if any, and still don't have enough, because their school and their government can't afford to pitch in enough to fill the gap.

But there's more. If these students are not spectacular performers in school, they are probably missing out on merit-based aid too. Not to mention the fact that a large portion of merit-based aid is also need-based. And what if these students come from stingy parents?

"The rich stay rich by being cheap." Some parents simply refuse to invest their money in their children. Here's the major flaw in the system that can't be fixed by more funding: what do you do for kids who come from money, but their parents aren't willing to fork it over? You can't just add a checkbox that says, "Parents refuse to contribute money." I can't think of a safety mechanism for this, and I guess universities and the government hasn't either, because these kids get screwed over regularly. They can't get any need-based financial aid because - judging from their parents' tax returns - they don't need any money. But they don't get any money from their parents either. What can you do for them?

Like I said, I don't think it's a funding problem; I think this is a cultural problem. Our culture tells us that it's okay to be greedy - that's how you get and stay ahead in life. It's the American Dream. But there's a real problem when your greed prevents you from investing in your children's own American Dreams. And it's a real problem when the government refuses to invest in our country's children too.

There are obviously children getting left behind here, and it's not just the poor and the minorities and the oppressed. While these students are generously funded, there is a demographic that is left in the shadows. Just imagine what would happen if the government put that $700 billion into financial aid and public schooling. Our country would have more college graduates to fill skilled jobs that baby-boomers are supposed to be leaving open soon; we would regain the lead in science and technology around the world; we'll draw the world's smartest back into the country. But it looks like the economic meltdown has bought us (no pun intended) a little more time to figure all this out. It seems that the baby-boomers won't be retiring for quite a while yet.

Monday, October 20, 2008

Socialism and Taxes: A Primer

Obama wants to lower taxes for 95% of taxpayers. He's said it repeatedly, from the beginning of the campaign, but McCain has only recently gotten it. Now, McCain says, why, that's socialist, that's welfare! Except that McCain has been proposing that he'll do just the same thing. So let me get this straight:
  1. Giving tax breaks to the middle class makes one a socialist.
  2. Obama wants to give tax breaks to the middle class.
  3. QED, Obama is a socialist.
Do I have that right, Mr. McCain? If so, then the following also follows, using your very own original premise:
  1. Giving tax breaks to the middle class makes one a socialist.
  2. McCain wants to give tax breaks to "middle class families."
  3. QED, McCain is a socialist.
But McCain's not a socialist, that's silly! I smell a double-standard. So what does all this boil down to? Obama might be a socialist, and McCain is a hypocritical, lying douchebag.

UPDATE: HuffPost wonders the same as I do.

Tuesday, October 14, 2008

McSame's Tax Plan

I haven't touched on the economic crisis yet in this blog, but I did some reading today specifically about where we are as a result of Bush's policies. CNN just reported that McCain is again sliming Obama for things he didn't do or say. Here's a gem:
McCain criticized Obama as a "man who now presents himself as a tax cutter and champion of middle-class America" despite revising his tax plans "with each new poll."
Obama has been championing himself for the middle class since the very goddamn beginning, and every time he repeats that sorry lie about a new tax plan every poll, the reporter - whoever it is - then repeats the very same tax plan that Obama has stood by since the goddamn beginning:
Obama's tax plan would cut taxes for most taxpayers, but raise them for the wealthiest. The largest increases would be on the top one-percent of earners, according to analysis by the Tax Policy Center
Seems pretty clear to me, Johnny, as it has all this damn time! But, after that statement from CNN, there's a Fact Check link. "Does Obama want to raise taxes?" Curious, I clicked the link and read it.

The conclusion is, literally, "TRUE, BUT INCOMPLETE." (Emphasis not mine.) Right, because as CNN just said in the original article, he wants to raise taxes for the wealthy. Why is this so hard to figure out?

But here's the really good stuff. Further down, CNN quotes Obama and Biden as saying that McCain's policy is "a day late and 101 million middle-class families short." Now, I hadn't heard that claim yet. So I clicked the link: "Fact Check: McCain's plan gives 100 million no relief?"

The conclusion is "False. The Obama campaign bases its assertion on just one part of McCain's economic plan, while ignoring the tax consequences of the rest of McCain's plan." Okay, Obama has tended to exaggerate (as most other average politicians) throughout this campaign. So what part did he ignore?
[Len Burman, Tax Policy Center director] said that while "something like 100 million people are not affected by the McCain individual income tax cuts," millions would benefit from the corporate tax cuts McCain proposes — "anyone who owns stock, and that includes retirees with modest pensions and 401(k)s."
Emphasis mine. This is a classic Republican economic policy, so far as I'm aware - the "trickle-down" concept. If you give cuts to companies and rich people - who are left after you factor out the 101 million Obama claims would be factored out, "the vast majority of the US population," the article says - the extra money will somehow, inexplicably "trickle" down to us poor folk. One of the ways this is supposed to happen, I would surmise, is through tax breaks on investment income (i.e. stocks, as mentioned in the quote). I could be wrong here, but who tends to own the most stock? Rich people, who have the most extra cash onhand with which to invest. Well, this was Bush's idea too, as this chart shows (dug up from an old Shakesville post). See how profound cuts are for "anyone who owns stock," and who exactly they benefit the most? So did this "trickling down" idea work?

Obviously not. But it's not supposed to either, and that's the important part. As corporate taxes drop, individual taxes skyrocket; as corporate profits rise, individual compensation plummets. Working on the assumption (that might not be correct) that tax cuts translate almost directly into profit, it becomes frightening how much "Joe Sixpack" is actually getting ripped off. And, by the way, that means Obama was telling the truth, and he was not exaggerating.