The Obama Administration wants a new corporate tax to support the Superfund program, and Speaker of the House Nancy Pelosi recently said she backs the idea. Monday, New York City received a major Superfund designation. San Francisco is expected to receive one soon.
Elizabeth Warren, just appointed a special advisor to President Barack Obama for consumer protection, says we are witnessing the “death of the middle class.” Slate’s Timothy Noah, a terrific writer and thinker, believes the rich are running away with the country. This new Census Bureau report, showing a nearly 5 percent decline in middle-class household income, received banner-headline treatment, with news stories suggesting typical people are being clobbered.
POINTS THAT DIDN’T QUITE MAKE THE MAIN COLUMN:
For months, claims that Toyotas could not be stopped from accelerating, putting millions of drivers and passengers in danger, were a front-page and prominent evening-news item. Lots of exaggerated stories appeared, all skipping experience with a similar scare two decades ago about Audis, which ultimately showed that pressing the gas pedal instead of the brake was the real problem.
Pundits are restless, an election looms – so this week, President Barack Obama is proposing yet another round of special favors, aimed at improving the economy. Prominent columnist Paul Krugman wants the plans to be “bold” and to involve huge amounts of money. Here’s a contrasting view: government should stop declaring recovery plans, bold or otherwise.
Last night President Barack Obama announced “the end of our combat mission in Iraq.” This is welcome news — if years late. Yet in an address to the nation that ranged as far afield as energy policy and “the limitless possibilities of our time,” the president never got around to the essential question of this costly bloodbath: