Sunday, September 16, 2012

Wall Street Journal Crushes Misleading Obama Ad

 

http://www.ijreview.com/2012/09/16144-wall-street-journal-crushes-misleading-obama-ad/

Wall Street Journal Crushes Misleading Obama Ad

Bert Atkinson Jr. September 14, 2012 4:30 pm

Erika Johnsen of HotAir.com noted that the Wall Street Journal had this to say about the ad:

President Obama is running another ad pretending Mitt Romney has a secret plan to raise taxes on the middle class, which Freudians would call projection. We’re not sure what they’d call the President’s bid to make us his accomplices by invoking The Wall Street Journal, but our term for it is political sociopathy. …

Apart from taking our name in vain, the larger problem is citing a month-old blog post about what is a single and now discredited report. The Tax Policy Center authors—Samuel Brown, William Gale and Adam Looney, the last a former Obama Administration economist—concluded that Mr. Romney’s tax plan was “mathematically impossible” and therefore to avoid increasing the deficit he would have to dip into the lower-income brackets for more revenue. …

Egged on by the likes of the Tax Policy Center, the media are demanding an absurd level of detail from Mr. Romney that no candidate in history has ever been required to offer. (What will you do about the tax treatment of municipal bond interest?) Meanwhile, Mr. Obama is awarded with a get-out-of-policy-jail-free card for his budget that proposes to take on debt indefinitely until the economy crashes. A middle-class tax increase is far more likely—we’d say a certainty—under Mr. Obama’s plan than it is under Mr. Romney’s.

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