Sunday, July 20, 2008
Why did star blogger Matt Yglesias really defect from The Atlantic to the Center for American Progress? It can't have been the money: The Atlantic is the last journalistic gravy train in town. Were the ideas at the Aspen Ideas Festival not up to snuff? ... P.S.: What's CAP getting in the deal? Gravitas! ... 11:49 P.M. link
Maybe we should pay more attention to the issues on which Obama hasn't noticeably shifted to the center. For example, 1) health care and 2) tax increases. In each case, the relevant question would seem to be: Is he sticking to his guns because a) that's what he really believes his presidency should be about, or b) the issue is so central to his coalition that changing his position would disrupt his election strategy? ... My guess: Issue 1# is both a and b. But some moderate moderation** on Issue #2, taxes, wouldn't really hurt Obama politically--he could still be for raising taxes on the rich without proposing hikes that add up to marginal rates in the over-50% range on the coasts. His failure to do that suggests that soaking the rich in myriad ways is what he really believes in.
It's a big insufficiently remarked-on vulnerability. You don't have to be against high taxes to be against high marginal tax rates, which threaten to produce a boom in unproductive tax shelters. The tax-raising alternatives are to broaden the tax base (i.e. the sorts of income that are taxed) and to broaden the range of taxpayers who face increases (instead of soaking only the very tip of the income pyramid, those making over $250,000 or $300,,000 a year). ...
**--Obama does seem to have watered down his tax position a bit, fudging what seemed to be an inclination to impose the Social Security payroll tax of 12.4% on high earners. Now aide Jason Furman says
[W]e are looking at a range of plans, think Congress might like to have rates that are in the neighborhood of 2% to 4%."
Good climbdown, Jason! But was Obama just winging it before? And never mind what "Congress" wants. What does Obama want? ... Are Obama's own aides already invoking Congressional Democrats as a valuable check on their candidate's leftish instincts? ... 11:20 P.M. link
And they say investigative journalism is endangered: Driving to the 7-11, I passed a strange, ugly car/truck vehicle I'd never seen before. All the badges and identifying lettering had been removed. It turned out to be a SsangYong Actyon. But of course. ... Or ... wait ... did it just look like a SsangYong Actyon? Yes, that's what they wanted us to believe! But Autoblog Green penetrates the mask of the phenomenal world to uncover the hidden truth. ... 2:11 P.M. link