POLITICAL observations & opinions

* Krugman (NYT): Obama impact on the real plumbers of Ohio

Posted by Lew Weinstein on October 20, 2008

Paul Krugman writes in the NYT …

  • what’s really happening to the plumbers of Ohio, and to working Americans in general?
    • First of all, they aren’t making a lot of money.
    • Second, their real incomes have stagnated or fallen
    • Third, Ohio plumbers have been having trouble getting health insurance
  • Mr. McCain claims that Mr. Obama’s policies would lead to economic disaster. 
    • But President Bush’s policies have already led to disaster — and whatever he may say, Mr. McCain proposes continuing Mr. Bush’s policies in all essential respects, and he shares Mr. Bush’s anti-government, anti-regulation philosophy.
  • What about the claim, based on Joe the Plumber’s complaint, that ordinary working Americans would face higher taxes under Mr. Obama? 
    • Well, Mr. Obama proposes raising rates on only the top two income tax brackets — and the second-highest bracket for a head of household starts at an income, after deductions, of $182,400 a year.
    • the typical plumber would pay lower, not higher, taxes under an Obama administration, and would have a much better chance of getting health insurance.
  • Whatever today’s G.O.P. is, it isn’t the party of working Americans.

Read the entire article at … http://www.nytimes.com/2008/10/20/opinion/20krugman.html?_r=1&hp&oref=slogin

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