http://www.newsweek.com/id/134316 Questions for Obama
Have you told young couples straining to buy their first home that declining prices of houses are a misfortune? George F. Will NEWSWEEK Updated: 1:51 PM ET Apr 26, 2008 Senator, concerning the criteria by which you will nominate judges, you said: "We need somebody who's got the heart, the empathy, to recognize what it's like to be a young teenage mom. The empathy to understand what it's like to be poor, or African-American, or gay, or disabled, or old." Such sensitivities might serve an admirable legislator, but what have they to do with judging? Should a judge side with whichever party in a controversy stirs his or her empathy? Is such personalization of the judicial function inimical to the rule of law? . Voting against the confirmation of Chief Justice John Roberts, you said: Deciding "truly difficult cases" should involve "one's deepest values, one's core concerns, one's broader perspectives on how the world works, and the depth and breadth of one's empathy." Is that not essentially how Chief Justice Roger Taney decided the Dred Scott case? Should other factors-say, the language of the constitutional or statutory provision at issue-matter? . You say, "The insurance companies, the drug companies, they're not going to give up their profits easily when it comes to health care." Why should they? Who will profit from making those industries unprofitable? When pharmaceutical companies have given up their profits, who will fund pharmaceutical innovations, without which there will be much preventable suffering and death? What other industries should "give up their profits"? . ExxonMobil's 2007 profit of $40.6 billion annoys you. Do you know that its profit, relative to its revenue, was smaller than Microsoft's and many other corporations'? And that reducing ExxonMobil's profits will injure people who participate in mu-tual funds, index funds and pension funds that own 52 percent of the company? . You say John McCain is content to "watch [Americans'] home prices decline." So, government should prop up housing prices generally? How? Why? Were prices ideal before the bubble popped? How does a senator know ideal prices? Have you explained to young couples straining to buy their first house that declining prices are a misfortune? . Telling young people "don't go into corporate America," your wife, Michelle, urged them to become social workers or others in "the helping industry," not "the moneymaking industry." Given that the moneymakers pay for 100 percent of American jobs, in both public and private sectors, is it not helpful? . Michelle, who was born in 1964, says that most Americans' lives have "gotten progressively worse since I was a little girl." Since 1960, real per capita income has increased 143 percent, life expectancy has increased by seven years, infant mortality has declined 74 percent, deaths from heart disease have been halved, childhood leukemia has stopped being a death sentence, depression has become a treatable disease, air and water pollution have been drastically reduced, the number of women earning a bachelor's degree has more than doubled, the rate of homeownership has increased 10.2 percent, the size of the average American home has doubled, the percentage of homes with air conditioning has risen from 12 to 77, the portion of Americans who own shares of stock has quintupled . Has your wife perhaps missed some pertinent developments in this country that she calls "just downright mean"? . You favor raising the capital gains tax rate to "20 percent or 25 percent." You say this will not "distort" economic decision making. Your tax returns on your 2007 income of $4.2 million show that you and Michelle own few stocks. Are you sure you understand how investors make decisions? . During the ABC debate, you acknowledged that when the capital gains rate was dropped first to 20 percent, then to 15 percent, government revenues from the tax increased and they declined in the 1980s when it was increased to 28 percent. Nevertheless, you said you would consider raising the rate "for purposes of fairness." How does decreasing the government's financial resources and punishing investors promote fairness? Are you aware that 20 percent of taxpayers reporting capital gains in 2006 had incomes of less than $50,000? . This November, electorates in four states will vote on essentially this language: "The state shall not discriminate against, or grant preferential treatment to, any individual or group on the basis of race, sex, color, ethnicity or national origin in the operation of public employment, public education or public contracting." Three states-California, Washington and Michigan-have enacted such language. You made a radio ad opposing the Michigan initiative. Why? Are those states' voters racists? . You denounce President Bush for arrogance toward other nations. Yet you vow to use a metaphorical "hammer" to force revisions of trade agreements unless certain weaker nations adjust their labor, environmental and other domestic policies to suit you. Can you define cognitive dissonance? . You want "to reduce money in politics." In February and March you raised $95 million. See prior question. But coming next, questions for John McCain. CORRECTION (published May 19, 2008): This column originally stated that Obama favors elminating the cap on earnings subject to the 12.4 percent Social Security tax. The tax (currently limited to the first $102,000 at 12.4 percent) of the couple cited in the column's example was assessed on their combined income. But because the Social Security tax is assessed individually, and the couple each earns less than the current cap, any elimination of that cap will not have an effect on their tax burden. NEWSWEEK regrets the error. URL: http://www.newsweek.com/id/134316 [Non-text portions of this message have been removed] ------------------------------------ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. 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