Tuesday, May 25, 2010

USA Today Takes 2 Weeks to Put 2 and 2 Together

A few weeks ago, after the surging performance of the Tea Parties in primary elections across the country, the vaunted USAToday business pagerather smugly chastised we who apparently don't like to be overtaxed with this little back-hand rebuff:
"Amid complaints about high taxes and calls for
a smaller government, Americans paid their lowest level of taxes last year since Harry Truman's presidency, a USA TODAY analysis of federal data found."
---Dennis Cauchon, USA Today, May 10, 2010
Well, aren't we red-faced for our wrong-headed, self-centered fixation about our citizen obligation to the US Treasury! We should be GLAD we're only paying what we are; in fact, there's obviously more room to grow taxes and we'll still be better off. Good thing USAT pointed that out for us, we might actually have voted for one of those Tea-Partiers under this false pretense.

Oh, except this little ditty two weeks later (by the same author), "PRIVATE PAY SHRINKS TO HISTORIC LOWS."

"Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds." -- Dennis Cauchon, USA Today, May 25, 2010.

Although we'll give Mr. Cauchon and the paper props for actually running the second story, but ... duh ... why run the first article? Can you say, "No $@!&, Sherlock." But it gets better.

Can you guess which sector grew during this time? Yep, you guessed it:

"At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010."

Still later in the article, comes another couple of quotes from a new "Mr. Obvious" economic expert from the Maize and Blue in Ann Arbor.

"The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower
rates or not at all, he says. "This is really important," Grimes says."
This revelation is only eclipsed by the entirely predictable and complete asinine comment from a mouthpiece economist from the Lefty, "Center on Budget and Policy Priorities":

"It's the system working as it should," Paul Van de Water says. Government is stimulating growth and helping people in need, he says. As the economy recovers, private wages will rebound, he says.
And the skies will clear, the flowers bloom, the birds will sing, no more "ring around the collar," pounds and inches will melt away in just 7 days, and the lion will lay down with the lamb.

Mr. Van de Water is right about one thing, "the system is working" as the Administration expected it would.

Kinda gives the whole, "I hope he fails" remark (that someone made) new meaning, doesn't it?