Monday, August 9, 2010

Washington Examiner Needs Editors' Heads Examined

Today's Washington Examiner's editorial, "Time to admit Obamanomics has failed" is a doozy. Whipping their readers up in a frenzy, they claim that President Obama is going to "raise everybody's taxes by allowing the Bush [tax] cuts ... to expire" and that the stimulus bill "has failed to create jobs." It also criticizes the Wall Street reform bill because of its regulation. Really? We all know that deregulating the markets is what got us into this mess in the first place.  The whole piece reads like a nutball teabagger screed.

I'm reposting my response here, as I doubt it'll get past the moderators at their site.
Do the editors of the Washington Examiner bother to fact check what they write or are they purposely misleading their readers?
President Obama's FY 2011 budget calls for the expiration of the Bush tax cuts only for those making UNDER $250,000. Not "raising everybody's taxes" as the editors claim. Making the Bush tax cuts permanent would add $3.1 TRILLION to the deficit. So much for fiscal conservative hawks.
And claiming that the stimulus has not created jobs is laughable on its face. The Council of Economic Advisers (CEA) stated: "The CEA estimates that as of the second quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.5 and 3.6 million. These estimates are broadly consistent with the direct recipient reporting data available for 2010:Q1."
Even the conservative Wall Street Journal has reported that 70% of economists surveyed said the stimulus helped.
If I can look this stuff up in ten minutes, I would hope that your readers could as well, instead of blindly taking these "editors'" words as fact.

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