The New York Times publishes the most tedious major editorial page in the country, so predictable that actually reading it is an unnecessary exercise. Making an exception today to review its endorsement of Senator Obama (a shocker, yeah), we see this comment on tax policies:
That means the well-off Americans who have benefited disproportionately from Mr. Bush’s tax cuts will have to pay some more. Working Americans, who have seen their standard of living fall and their children’s options narrow, will benefit.
So, in the Times’ world view we have either well-off Americans or working Americans. Well-off Americans don’t work, and working Americans aren’t well-off.
S&P cut the New York Times’ corporate credit rating to junk bond status this week, but its editorial thinking had reached that point long ago.