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  Bloomberg Flops Back Bloomberg News, which only hours ago was assuring us that "wealthy Americans" were going to spend their tax cuts on BMW convertibles, now frets, in a separate story, "Rich Americans Save Tax Cuts Instead of Spending, Moody's Says." Well, which is it? It all seems aimed at preventing the extension of the Bush tax cuts. As the second article helpfully explains, "The findings may weaken arguments by Republicans and some Democrats in Congress who say allowing the Bush-era tax cuts for the wealthiest Americans to lapse will prompt them to reduce their spending, harming the economy." Bloomberg Occupies Fairfield County Bloomberg News fans the flames of class resentments with an article on the differences between Bridgeport, Conn., which is poor, and Greenwich, Conn, which is rich. The article paraphrases "A. Fiona Pearson, who teaches sociology at Central Connecticut State University in New Britain," as saying, "Exacerbating the gap are the ranks of wealthy residents who have grown richer as the region became a hub for investment firms and hedge funds." From the comments: "Nice. I pay $1500/month to Mayor Bloomberg for my Bloomberg machine. Last time I checked he's on the Forbes 100 list and worth in the Billions! I hope that his left leaning Bloomberg staff is soothing his conscience a bit." Bloomberg Occupies Fairfield County Bloomberg News fans the flames of class resentments with an article on the differences between Bridgeport, Conn., which is poor, and Greenwich, Conn, which is rich. The article paraphrases "A. Fiona Pearson, who teaches sociology at Central Connecticut State University in New Britain," as saying, "Exacerbating the gap are the ranks of wealthy residents who have grown richer as the region became a hub for investment firms and hedge funds." From the comments: "Nice. I pay $1500/month to Mayor Bloomberg for my Bloomberg machine. Last time I checked he's on the Forbes 100 list and worth in the Billions! I hope that his left leaning Bloomberg staff is soothing his conscience a bit." Bloomberg Flops Back Bloomberg News, which only hours ago was assuring us that "wealthy Americans" were going to spend their tax cuts on BMW convertibles, now frets, in a separate story, "Rich Americans Save Tax Cuts Instead of Spending, Moody's Says." Well, which is it? It all seems aimed at preventing the extension of the Bush tax cuts. As the second article helpfully explains, "The findings may weaken arguments by Republicans and some Democrats in Congress who say allowing the Bush-era tax cuts for the wealthiest Americans to lapse will prompt them to reduce their spending, harming the economy."
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Timothy R. HomanAge:
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