Writing in Time magazine, Joe Klein is never much of a stickler for sticking to the truth. Today, however, he is out with a column describing how nothing much happened in 2010. Forgeting the obvious nonsense of the article, Klein repeats talking point after talking point from the DNC. Still, he hits perhaps the low point of the article when he says this:
"We have now had two stimulus packages of relatively equal size in two years — one Democratic, one Republican. Both were flawed: the Democrats wasted too much on their pet governmental projects (and lavished money on the profligate states with too few strings attached); the Republicans, brilliantly hypocritical, squandered tax cuts on people who didn't need the money after spending the entire election season screaming about deficit reduction. In 2011, we'll see if the Republican brand of stimulus produces anything better than the muted results of the Democratic plan (and it may well, building atop the economic hole the first stimulus filled)."
Where to start? Klein equates a law that keeps tax rates unchanged as a "stimulus". In truth, only an actual tax cut would be a stimulus. Preventing tax increases that the Democrats wanted is, instead, preventing the Obamacrats from trashing the economy. The real stimulus poriton of the tax bill was the partial payroll tax holiday. It totals about 10% of the amount in the Obama stimulus package. Klein is just trying to lay the groundwork for later claiming that the Republican "stimulus" has failed. Of course, since there was no Republican stimulus, it will be hard for it to work. The dishonesty is overwhelming.
But time keeps printing this garbage. Much of our media is getting like the media of the old Soviet Union. In Moscow there were three main newspapers: Izvestia (which means News), Pravda (which means truth) and Trood (which means labor). these three gave rise to the Russian proverb that "in Izvestia (News) there is no truth; in Pravda (truth) there is no news; and in everything there is Trood (labor)." the russians knew that their press was lying to them. Unfortunately, we are reaching the same point in the USA.
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