Here are a few snippets from Mallabys diatribe:
In response to President Bushs speech in New Orleans, Mallaby
quipped the president was joking, obviously about lifting
people out of poverty. Mallaby then incorrectly claimed that
the presidents congressional allies now propose to cut
Medicaid, food stamps, free school lunches and child care
subsidies. Congress does not plan cuts, but reductions in the
rate of growth. As a matter of fact, according to the
Congressional Budget Office, these reductions in the rate of
growth constitute a 2% nick in Medicaid and a 0.6% cut in food
stamp growth. Of course, Mallaby calls this paltry change a
Mallaby then carped that Congress does not propose to save money by undoing the tax cuts that have handed an average of $103,000 a year to people making over $1 million. Mallaby ignored the big picture behind tax cuts because it would have undermined his point. The most recent round of tax cuts has narrowed the federal deficit as revenue growth has outpaced spending. Government receipts increased 9.2% as spending only grew 1.9% over FY2005. His column didnt even mention the economic or job growth from the tax cut regimen.
Evoking phrases like the gilded age and painting a picture of a new class bound society, Mallaby made a bold claim with no sourcing whatsoever (not to mention grasping for unnamed studies from the 1970s). He wrote, Inequality in the United States is now more pronounced than in any other advanced country. He also claimed that in 1980, the top fifth of families earned 7.7 times as much as the bottom fifth; by 2001 that ratio had risen to 11.4 Instead of offering documented facts and statistics, Mallaby omitted myriad positive indicators for the American economy and American families, even despite a summer of devastating hurricanes. Among which, an average of 179,000 jobs per month were produced by the economy over the past 12 months. GDP growth has been robust at 3.6% over the last fiscal year. In addition, theBusiness & Media Institute has documented how the media consistently misreport poverty figures.
A May 19, 2005 editorial by Catos Alan
Reynolds in the Wall Street Journal clarified some of the myths that
Mallaby passed off as dismal fact. As Reynolds stated, it helps to
focus on a few reasons why some people earn more than others they
work harder, and have more experience and/or more schooling.
Reynolds also noted that such inequality studies make a dubious
comparison because Only the top group has no income ceiling, and
the lower income limit defining membership in that top group rises
whenever incomes are rising.
Experience and schooling are especially important for lower income Americans trying to climb the economic ladder. If Mallaby were truly interested in curbing a morally intolerable and economically wasteful condition, hed explore a solution to two problems that bar the poor from experience and schooling: a minimum wage law that restricts job supply and pushes unskilled workers out of the market, and inadequate public schools insulated from market competition. Repealing the minimum wage and implementing school voucher programs would go a long way toward achieving these ends: much further than class warfare rhetoric from the Post.