The Media.
The Democrat war against prosperity and how media incompetence has lead to mass ignorance about the U.S. Economy. These are headlines that appeared in Investors Business Daily on June 16, 2007. I have spoken about media bias in prior blogs and it now has even shown itself by some of the evening news “experts” who cannot understand how the stock market can make new highs when so many Americans are not confident about the future. Could it be that after 5 years of Bush bashing that the results are paying off for the main stream media? How about John Edwards and his concept of “two America’s? According to Edwards, we are all in “soup lines”. Let us look at some facts rather than opinions: According to the CBO, the budget deficit will come in around $177 Billion or 1.3% of GDP. An extensive analysis by the Heritage Foundation has found that Bush’s tax cuts each year boost real GDP by $75 Billion, employment by 709,000 and real personal income by $200 Billion. Now the Democrats want to raise taxes wherever they can. This is happening while a tax-cut war is spreading across Europe. Ireland”s successful supply-side experiment has become a model example for Europe. French President Sarkozy wants to cut the corporate tax. Now here comes Hillary “the president’s irresponsible tax breaks for high income Americans must be allowed to expire.” She then states that the percent of taxes paid by corporations has fallen as corporate profits have increased when in actuality, business tax collections as a share of overall tax revenues has soared, well above levels seen during the 1990’s under Clinton. The public is being “dumbed down” by these populists politicians and their willing accomplices in the media. Hopefully, logic and intelligence will rule the day and not erase the Bush tax-cuts.
Gary E. Marsella