Sunday, September 18, 2011

Crackpottery, Republican-Style

The U.S. has a record number of millionaires, according to the Wall Street Journal ("U.S. Has Record Number of Millionaires," WSJ, June 22, 2011). In 2009, there were 2.86 million Americans who had $1 million or more in investible assets. In 2010, that number went up to 3.1 million. Incidentally, 3.1 million is almost the same number as millionaires in all of Asia! Looks like the bank bailouts, deregulation, and pro-business policies of the Obama administration have paid off, for a relative few.

Yet somehow Newt Gingrich can still get away with calling Obama a "socialist" without getting laughed off the national stage: 

And Paul Ryan can say Obama's waging "class warfare" for proposing a modest tax increase on the wealthiest Americans, and yet the mainstream press doesn't call Ryan a crackpot:

Yet it is crackpottery to only call it "class warfare" when Obama's policies might inconvenience the rich a little bit, while all of Obama's job-creation for millionaires is miraculously not "class warfare" against the poor and working class.

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