Sunday, January 6, 2008

Introduction to Reality

George Will introduces the candidates to some statistical information that makes their platforms more difficult to digest.

[Huckabee] and John Edwards, flaunting their histrionic humility in order to promote their curdled populism, hawked strikingly similar messages in Iowa, encouraging self-pity and economic hypochondria. Edwards and Huckabee lament a shrinking middle class. Well.

Economist Stephen Rose, defining the middle class as households with annual incomes between $30,000 and $100,000, says a smaller percentage of Americans are in that category than in 1979 -- because the percentage of Americans earning more than $100,000 has doubled from 12 to 24, while the percentage earning less than $30,000 is unchanged. "So," Rose says, "the entire 'decline' of the middle class came from people moving up the income ladder." Even as housing values declined in 2007, the net worth of households increased.

Huckabee told heavily subsidized Iowa -- Washington's ethanol enthusiasm has farm values and incomes soaring -- that Americans striving to rise are "pushed down every time they try by their own government." Edwards, synthetic candidate of theatrical bitterness on behalf of America's crushed, groaning majority, says the rich have an "iron-fisted grip" on democracy and a "stranglehold" on the economy. Strangely, these fists have imposed a tax code that makes the top 1 percent of earners pay 39 percent of all income tax revenues, the top 5 percent pay 60 percent, and the bottom 50 percent pay only 3 percent.
And a bit more:

Huckabee says "only one explanation" fits his Iowa success "and it's not a human one. It's the same power that helped a little boy with two fish and five loaves feed a crowd of 5,000 people." God so loves Huckabee's politics that He worked a Midwest miracle on his behalf? Should someone so delusional control nuclear weapons?

Speaking of delusions, Edwards seems unaware that the world market sets the price of oil. He says a $100-a-barrel price is evidence of -- surging demand in India and China? unrest in Nigeria's oil fields? No, "corporate greed."

No comments: