So unless you live in a cave, you probably know that yesterday was not our nation’s best day on the stock market, or in the financial markets, or anywhere having basically anything to do with money. (As yet unconsidered third option: President Jintao?)
Despite McCain’s protests that he didn’t mean what he meant when he said “the fundamentals of our economy are strong” not once, not twice, but sixteen times in recent months, there’s an important question he’s avoiding: What would he do to make things easier for working families if elected? I think this graph tells the tale better than I can:
A couple of interesting things to note on this graph:
- The only people on whom Obama would raise taxes are those making over $600,000 per year.
- That’s the same group receiving the biggest tax cuts from McCain, with those who make over $2.8 million per year getting the biggest tax cuts of all. (Presumably because things are super tough for them right now.)
- The average American household would get three times more savings with Obama than with McCain.
- The average American individual would get seven times more savings with Obama than with McCain.
- There’s nothing on here about McCain’s plan to raise the female median income up to the male median income with “education and training” instead of legislation mandating equal pay, but I’m sure that’s just an oversight.
So if you’re reading this blog and you don’t make more than $600k a year, and maybe you took a hit in the stocks this week, remember this: John McCain doesn’t give a shit. When he says he does, he’s lying. Policy speaks louder than words.
(Thanks Ben for chart, which came from this article.)
