John McCain: The Elites' Populist
In what is sure to be a preview of the fall campaign, McCain trots out his long-abandoned "maverick" image to rail against "corporate welfare," and "extravagant salaries and severance deals" of corporate CEOs, when in reality his economic program is as pro-corporatist as anything Dubya ever proposed. And, of course, look for even more trotting out of various talking heads to denounce Obama as an "elitist," because he drinks orange juice. Or can't bowl. Or whatever.
UPDATE: Glenn Greenwald (after a lengthy defense of his latest book) outlines the sheer brass monkeys of a multi-millionaire like John McCain denouncing Obama (raised in modest circumstances by a single mother) as an "elitist," and, more importanly, why Democrats must fight back vociferously against GOP branding techniques.
Labels: 2008, Barack Obama, corporations, Elections, John McCain, President
posted by The Local Crank | 10:02 PM
5 Comments:
A plan which calls for a 25% tax rate is not "pro-corporatist". But a lower rate makes it easier to companies to stay onshore (rather than leave) and retain workers.
Forty percent of American corporations (including nearly all of the largest and wealthiest corporations) currently pay NOTHING in income taxes, and they are still going offshore. America already has the third lowest effective corporate tax rate in the industrialized world. The idea that requiring corporations to pay anything close to their fair share in taxes is "forcing" them to go overseas is a Republican myth.
It's not the fair share that forces them out. It's the overtaxation.
Yes, I can see how not paying the third lowest corporate tax rate in the industrial world would rate as "overtaxation." Perhaps they are also "overregulated" by the regulations they ignore with impunity as well.
"Yes, I can see how not paying the third lowest corporate tax rate in the industrial world would rate as "overtaxation."
Good. Because bad policy is bad policy, even if many others have even worse policies.
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