Hey HUSSEIN - cut the crap on tax cuts!
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... Given Obama's tendency for puffery, creative use of words to further his subversive agenda, and his willingness to distort the truth, I wouldn't the least bit be surprised if Obama did indeed include "to include supermarket coupons, software rebates, and the change you find in your couch " in his definition of "tax cuts," as Morrissey jests. After all, one never knows what Obama will base his definitions and claims on. Take for example his outlandish claim that the stimulus has saved or created 150,000 jobs. As the AP reported: Obama's job, deficit claims are iffy...
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Today's 'Obamateurism of the Day' has to do with ...
... Obama's rather broad and imaginative definition of what constitutes a tax cut.
Ed Morrissey explains:
[...] In case you wondered how Barack Obama could promise a tax cut to 95% of Americans? It turns out that Obama has a very broad definition of tax cut. While the rest of us labor under the delusion that a tax cut means the government takes less of your money, Obama believes that any money you might save represents a tax cut, as he hints during last Wednesday's press conference:
"We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95 percent of all working families. We passed a law to provide and protect health insurance for 11 million American children whose parents work full time. And we launched a housing plan that has already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut."
... Obama's rather broad and imaginative definition of what constitutes a tax cut.
Ed Morrissey explains:
[...] In case you wondered how Barack Obama could promise a tax cut to 95% of Americans? It turns out that Obama has a very broad definition of tax cut. While the rest of us labor under the delusion that a tax cut means the government takes less of your money, Obama believes that any money you might save represents a tax cut, as he hints during last Wednesday's press conference:
"We began by passing a Recovery Act that has already saved or created over 150,000 jobs and provided a tax cut to 95 percent of all working families. We passed a law to provide and protect health insurance for 11 million American children whose parents work full time. And we launched a housing plan that has already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut."
If this sounds familiar, it's because Obama tried claiming credit for tax cuts through mortgage re-fis before. It was an Obamateurism of the Day in March, too, and I suspect we'll have to open a complete subcategory of OOTD where Obama expands (edit - "his definition of") tax cuts to include supermarket coupons, software rebates, and the change you find in your couch.
(More)
Given Obama's tendency for puffery, creative use of words to further his subversive agenda, and his willingness to distort the truth, I wouldn't the least bit be surprised if Obama did indeed include "to include supermarket coupons, software rebates, and the change you find in your couch " in his definition of "tax cuts," as Morrissey jests. After all, one never knows what Obama will base his definitions and claims on. Take for example his outlandish claim that the stimulus has saved or created 150,000 jobs. As the AP reported: Obama's job, deficit claims are iffy (Emphasis mine):
This assertion is dubious on several levels. For starters, the U.S. has lost more than 1.2 million jobs since Obama took office, according to the Bureau of Labor Statistics. Even if Obama's stimulus bill saved or created as many jobs as he says, that number is dwarfed by the number of recent job losses.
But Obama's number is murky, at best. The White House has not yet announced how it intends to count jobs created by the stimulus bill. Obama's number is based on a job-counting formula that his economists have developed but have not made public. Until that formula is announced -- probably in the coming week or so -- there's no way to assess its accuracy.
Whatever the formula, economists who study job creation say it will require some creative math. That's because Obama has lumped "jobs saved" in with "jobs created." Even economists for organizations that stand to benefit from the stimulus concede it probably is impossible to estimate saved jobs because that would require calculating a hypothetical: how many people would have lost their jobs without the stimulus.
This assertion is dubious on several levels. For starters, the U.S. has lost more than 1.2 million jobs since Obama took office, according to the Bureau of Labor Statistics. Even if Obama's stimulus bill saved or created as many jobs as he says, that number is dwarfed by the number of recent job losses.
But Obama's number is murky, at best. The White House has not yet announced how it intends to count jobs created by the stimulus bill. Obama's number is based on a job-counting formula that his economists have developed but have not made public. Until that formula is announced -- probably in the coming week or so -- there's no way to assess its accuracy.
Whatever the formula, economists who study job creation say it will require some creative math. That's because Obama has lumped "jobs saved" in with "jobs created." Even economists for organizations that stand to benefit from the stimulus concede it probably is impossible to estimate saved jobs because that would require calculating a hypothetical: how many people would have lost their jobs without the stimulus.
I believe that we can correctly assume that, just as Obama's job claims are based upon "creative math," so have Obama's "tax cut" calculations.
posted by jillosophy at 5/04/2009 11:40:00 AM
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