Atlantis Alumni

Friday, September 7, 2012

2012 Election: For Progressives A Hobson's Choice

In regard to President Obama's acceptance speech, there was the good:
We don’t think government can solve all our problems. But we don’t think that government is the source of all our problems – any more than are welfare recipients, or corporations, or unions, or immigrants, or gays, or any other group we’re told to blame for our troubles.
...and the bad:
I’m still eager to reach an agreement based on the principles of my bipartisan debt commission.
Well here Obama is talking out of both sides of his mouth. On the one hand he says that he wants to return to Clinton era marginal tax rates on wealthy Americans (39.6 for the highest incomes,) yet Simpson-Bowles advocates a top tax rate under 30 percent, combined with draconian cuts to Social Security and Medicare (the "cat food" proposal that would leave many senior citizens unable to afford to eat anything but pet food.) Now Mr. Obama, which is it? The bottom line is that progressives have no real choice in this election when it comes to economic justice. This is because neither Romney nor Obama is advocating for real reform, i.e. a return to pre-Reagan era progressive taxation rates, which is what the country needs to put our fiscal house in order and restore economic fairness to our society.

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