The Times Honest Streak

By Derek

The NY Times analyzes Obama’s budget and comes up with the inescapable conclusion:

The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.

No doubt they think this a good thing.

The TImes continues on, asserting that taxes will only be raised on “the rich”, but ignoring (as Reagan did not) that high marginal income tax rates also cripple upward mobility, making it very hard for the unrich to get rich. But maybe that’s the point — hard to stimulate class warfare when people still hope to move up.


Silent_Majority said...

The times would think anything Obama proposed is good. The budget is nothing more than Obama trying to undo 30 years of prosperity and return us to the Carter years of high inflation and unemployment.

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