It may not have been "huge" when CNBC's Joe Kernen said it but the dude has been on practically every news station by now.
Kernen told chief Washington correspondent John Harwood that the "Joe the plumber" story "would be huge" and even a "bombshell," in any other election year. Kernen said voters "don't care" because they are buying into Sen. Obama's assertion that the Bush tax policies have led to the financial crisis.
"Obviously not everyone out there knows how to connect the dots between the [financial crisis] and tax policy. For some reason the Bush tax policies are being cited by Obama as the reason that we're in this position right now, again and again and again," said "Squawk Box" co-host Kernen Oct. 16.
But Kernen didn't stop there:
Now, normally in a campaign if you, if someone admits Robin Hood economics -take from the rich, give to the poor - ‘Yeah, I admit it, that's what I want to do.' Most people are smart enough to see that that doesn't work, that dividing up a smaller pie doesn't help the economic situation ... This Joe the plumber story would be huge in any other year. People don't care this year because it's, ‘Well, look where we are right now because of those tax policies.'
He explained later, "It doesn't have to do with tax [policy]," but with "fear and greed and bubbles and everything else and mortgages that were rammed down people's throats."
Regarding Obama's tax plan, Kernen is skeptical.
On Oct. 13's "Squawk Box" Kernen told Harwood that he "hoped" Obama would come out with a different tax plan, "because this one, this one is not going to help the investor class and the investor class, obviously, that wealth disparity is not quite what it was a year ago."
"Some of the Wall Street guys that are supporting Obama, they all tell me the same thing: He's got to stay here right now to win the election. He's smart, he's going to move to the center like Clinton did and this tax proposal, he's not really going to do any of these things. That's all the way they rationalize this plan, which is really more welfare than tax cuts," Kernen said.
—Paul Detrick is a research analyst at the Business & Media Institute.




















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And people are buying it,
October 16, 2008 - 15:46 ET by motherbeltAnd people are buying it, just like they bought Clinton's "worst economy in 50 years" crap.
this one is not going to help the investor class and the investor
class, obviously, that wealth disparity is not quite what it was a year
ago."
and 50 million households are in the "investor class."
"Some of the Wall Street guys that are supporting Obama, they all tell
me the same thing: He's got to stay here right now to win the election.
He's smart, he's going to move to the center like Clinton did and this
tax proposal, he's not really going to do any of these things. That's
all the way [sic] they rationalize this plan
Another Clinton tactic.
President Clinton kept all the promises that he intended to keep - George Stephanopoulos
Joe Kernan rocks!
October 16, 2008 - 15:53 ET by NortonalecI love it when he pimp-slaps the "objective" John Harwood.
Another Joe I have always
October 16, 2008 - 16:11 ET by bigtimerAnother Joe I have always liked, plus Harwood is another great piece of work to bitch-slap anytime, anywhere.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
You got that right bt...
October 16, 2008 - 16:40 ET by NortonalecI can't believe Harwood used to work for the WSJ. If Harwood and Kernan are speaking in the morning I stop whatever I am doing to listen in. Harwood is SO out of his league when he and Joe lock horns that you would think he would just stop trying to measure up to Joe.
"It's such a fine line between stupid and clever."~David St. Hubbins
Joe the Plumber exposes Obama
October 16, 2008 - 16:01 ET by krendlerMcCain should have spent the entire evening on the "share the wealth with the people behind you" thing. He should have pressed Obama on exactly what he meant by "share the wealth". Is this where the money for tax credits is coming from? From Joe the Plumber? Hey, Joe has more than enough. Let's give some of Joe's income to this guy over here who's in the market for a plasma tv but can't quite afford it.
And "why don't we let Joe the Plumber's company and it's employees (e.g., "the people behind you") negotiate directly on matters concerning compensation, rather than having Obama and the govt getting involved."
Very telling how enraged the left-wing blogosphere is over the whole "Joe the Plumber" incident. They don't like this little development ONE BIT. And the comment itself speaks volumes about Obama.
Mortgages Rammed down People's Throats????
October 16, 2008 - 16:07 ET by ChasvsWhat the hell is this clown talking about?
The GREED in all this was from the people who bought MORE HOUSE tha they could afford!
Or they took out Equity loans and bought a new truck and a boat with their new MORTGAGE!
If these morons would DO THEIR job and INFORM the puplic what really happened they'd be able to connect the dots and KNOW that it's Obama nad HIS PARTY that caused all of this!
Save our Country-STOP OBAMA NOW!
The reason Joe the Plumber
October 16, 2008 - 16:26 ET by MidAmericaThe reason Joe the Plumber is not huge is because much of the country is not wanting to be Joe the Plumber business owner. They are more interested in getting their free benefits from the government.
I'm afraid I think I have to
October 16, 2008 - 18:32 ET by IndigoChillI'm afraid I think I have to agree with you on that point.
Innovation, honesty, hard
October 16, 2008 - 16:32 ET by garyganuInnovation, honesty, hard work and excellence in service are used by a motivated individuals, in order to surpass their competition. Obama clearly showed his ignorance about American capitalism as well as human motivation when he said: "It's not that I want to punish your success," I just want to make sure that everybody who is behind you, that they've got a chance for success, too ... When you spread the wealth around, it's good for everybody."
The last thing that this plumber wants is for his competition to have an advantage that he never had nor needed. He got where he is today by working harder, smarter, longer and better than those behind him. He wants them to continue to be behind him, that's how he gets ahead. Staying ahead is what motivates him to get up earlier than his competition, work longer than his competition, and offer a better value than his competition.
If the guy behind “Joe the plumber” wants a chance at success, all he has to do is to wake up earlier than Joe, work harder than Joe, be more innovative than Joe, hire better employees than Joe and offer his customers a better value than Joe. Joe knows this, and that is what motivates him to “walk the extra mile”. Millions of people like Joe, who walk the extra mile, is what has brought America the prosperity that we now enjoy. Obama is asking people like Joe to share the wealth, without asking others to share the risk, sacrifice, talent and priorities. Taxing a man's sacrifices, hopes, dreams and ambitions and giving the money to those who are less ambitious and averse to risk, is tantamount to larceny. It can also crush one's spirit.
Spreading the Wealth Vs. Creating Wealth.
BINGO
October 16, 2008 - 16:41 ET by cocodrieCan't think of anything to add.
Any other year, hmm?
October 16, 2008 - 16:54 ET by ckc1227Any other year, hmm? Current headline at Drudge:
GALLUP SHOCK:� 49 OBAMA, 47 MCCAIN WITH LIKELY VOTERS
Obama's Economic plan: more taxes, more spending, more regulation. Prosperity here we come.
New bumber sticker please
October 16, 2008 - 18:34 ET by HumblepieI need a new bumper sticker, must say
PALIN/JOE THE PLUMBER 08
Quick! The gene pool needs more chlorine.
Kernan is out of control
October 16, 2008 - 20:49 ET by PurdueMattHis liberal bias is off the charts. I work for a brokerage firm where CNBC is on all day, so I can't avoid it. He is constantly pushing the climate alarmist agenda, admits getting his political news from CNN, and is generally a condescending ass.
Be careful Joe.
October 16, 2008 - 23:11 ET by moovovaJoe Kernan! Be careful. The guys in black ski masks are going to visit you one night for a little conversion party. We don't wanna lose you...so BE CAREFUL!