Monday, January 30, 2012

Don't know what you got till it's gone

If they outlawed polls, what would the media talk about? Instead of doing the actual work on explaining the real world effects of policy, everybody commissions a poll and reports on the results. Easy work if you can get it. Which brings us to today's "important" news. An alleged majority of voters can't see the benefit of a payroll tax holiday.

Shocking, I know. At the top end of the break, you're looking at 20-30 bucks a week. Imagine the people who don't notice the difference probably get less. So sure, they don't "see" it. But if it disappears they'll most likely notice their paycheck decreased a few bucks.

Of course, that has nothing to do with whether it helps drive the economic recovery. And it no doubt does, by virtue of the fact it's a small amount of money spread among millions of workers. Nobody is going to bank it. They spend it. It helps over time. Not that you'll read that in this important report. But it probably generated a lot of traffic. And that's what really counts in the profit model media.

[More posts daily at the Detroit News.]

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Blogger merlallen said...

I had one hell of a time convincing some idiot that Obama didn't raise his taxes and that he actually cut his taxes. He told me to prove it. I told him to have a look at a pay check stub. Never heard from him again. Maybe he didn't like the names I called him, haha

8:07:00 PM  
Blogger Libby Spencer said...

The problem is, federal taxes were cut but state and local taxes went up in most places and people blame Obama for it because the GOPers keep telling them it's O's fault.

11:23:00 AM  

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