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April 18, 2007

He Slices, And Dices,

And teaches taxes, too! Justin Fox has got it all. And this week, he's unloading on Ari Fleischer. But fun as it is to watch Fleischer's third-grade misunderstandings of the tax code get torn apart*, I'm confused as to why he wrote the op-ed in the first place. As Fox says, Fleischer isn't a tax expert. He's not an economist. He's not running for anything (so far as we know). He's not heavily associated with any particular candidate. So what compelled him to slam out a hacktacular op-ed on government revenues? Habit? And why did the Wall Street Journal publish the piece? After all, they can get much better, more credible, more convincing hacks to write misleading op-eds on taxes.

*Okay, willfully deceiving by omitting critical facts doesn't suggest misunderstandings, per se, but I'm a generous guy.

April 18, 2007 | Permalink

Comments

There's some discussion of Fleischer running for the congressional seat where my mother lives (Westchester County, New York, where Sue Kelly was defeated by former Orleans frontman John Hall in 2006). Publication in the WSJ would be just the sort of thing to give him cred in that community. Hall, though, has been raising money pretty successfully, and it's hard to read so far how badly Fleischer wants to do it.

Posted by: weboy | Apr 18, 2007 11:52:29 PM

Some folks, apparently mostly outside the US, understand that the voodoo economics practiced by guys like Ari, the WSJ editorial board, etc. can no longer be ignored:

"'They' don't like the U.S. dollar anywhere and it is unanimously so," said Dennis Gartman of the Gartman Letter. "Simply put, the market is now convinced that the future of the U.S. economy is one of relative weakness, while that of Europe is one of strength."
Late in New York, the euro stood at $1.3586, compared with $1.3565 late Tuesday. It reached a high of $1.3614 earlier in the session, the loftiest level since January 2005.

The dollar is within striking distance of its all-time low against the euro, $1.3666, reached in December 2004. The U.S. currency has lost about 52% of its value against the euro since the beginning of 2002. [emphasis added]

Me thinks tomorrow is liquidate to cash day. Preservation of capital (my 8% gain YTD) is supposed to be priority #1 in fragile times - which BushCo and the Wall Street guys have set us up for.

But I don't have a 'ranch' in Paraguay, or (Halliburton) stock in a Dubai-headquartered shelter.

Posted by: JimPortlandOR | Apr 19, 2007 1:25:43 AM

Wait, you mean perjurer Ari Fleischer? The guy who lied about Scootergate to an investigative panel?

How stupid does a publication's editor need to be to run anything written by Fleischer and claim that it's authoritative and accurate?

Oh, it was in WSJ. Never mind.

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