The Washington Post reported on Wednesday's front page that House and Senate Republicans reached agreement on extending "President Bush's deep cuts to tax rates on dividends and capital gains," but the chart they used on the front page was a Democratic talking point. It shows that people with a 2005 income between $10,000 and $50,000 would receive nearly zero, while people making over $100,000 would have much larger returns.
On Friday's Countdown show, MSNBC's Keith Olbermann plugged the Rolling Stone cover story by historian Sean Wilentz which argued that George W. Bush may be the worst President ever, citing the opinions of over 400 historians. As he introduced his interview with Wilentz, Olbermann sympathetically referred to the recently fired CIA employee who leaked classified information on the agency's use of secret prisons in Europe in the War on Terrorism, calling her a "whistleblower," and asked the question: "President Bush, whose administration is now firing, perhaps prosecuting whistleblowers, is he simply the worst?"
While introducing the segment, Olbermann listed several of Wilentz's attacks against Bush without challenging their validity, including accusations of "fabricated evidence" of WMD, a "retro fiscal policy" of "massive tax cuts" for the wealthy that "racked up monstrous deficits," and a criticism citing an unnamed Republican strategist who claimed that the Republican Party is "the first religious party in U.S. history." Olbermann, who perennially makes comparisons between George Orwell's novel 1984 and the Bush administration, managed to work in yet another reference to Orwell as he ended the interview mocking the administration's use of the term "pre-9/11 thinking," charging that Bush would accuse Wilentz and the other historians of being "guilty of pre-9/11 thinking, as George Orwell might have said." (Transcript follows)
On to promote his new children's book Billy Crystal couldn't resist taking a shot at the President on this morning's Today show. Crystal, opening to an illustration of a grandfather in his book let this zinger fly: "So we try to make them, [the] guy look like an everyman but look at this, if you can get in close, doesn't he look like President Bush?"
Lauer: "He does. He really does."
Crystal: "Just telling this little baby you have a $9 trillion dollar debt you can't pay off. Isn't that nice?"
In a conversation about gas mileage, Charles Gibson showed he does have some understanding of how when a pie gets bigger, predictions done with static scoring, instead of dynamic scoring, are wildly inaccurate. Unfortunately, he doesn’t apply the same common sense to the affect of tax cuts on the federal deficit.
In a little half-hour online chat Friday at Washingtonpost.com, WashPost columnist/reporter David Broder complained about the "fiscal profligacy" of the federal government, but specifically against the Bush tax cuts. He sounded the familiar refrain that Americans should be having to "sacrifice" more for the war, even as his questioners pointed out tax cuts are popular.
Washington Post reporter Thomas B. Edsall hits the front page today with a story headlined "Grants Flow to Bush Allies On Social Issues." Edsall reports that a bevy of tiny crisis pregnancy centers and abstinence groups have seen their budgets double and triple through federal grants from groups established as part of President Bush's faith-based initiatives.
According to a large story in the Minneapolis Star Tribune on January 26th, income inequality is widening. Wrote David Westphal, "income inequality is likely to deepen beyond its growth of the 1980s and 1990s, when incomes of affluent Americans grew more than three times faster than those of the low-income."
"Inequality is growing in all parts of the country," said Jared Bernstein, senior economist at the Economic Policy Institute.