20 Sep 2010 0:18
The toddtipping point? Right after Nobel Prize-winning economist Paul Krugman suggests indirectly that the Drs. Henderson earn about $450,000 a year, which could subject them to $10,000/year in additional taxes under Obama’s proposal to postpone the upcoming expiration of the Bush tax cuts, but only on the first $250,000 of income.
Todd (who would prefer a bigger tax cut for 2011 than Obama’s legislation provides and who threatens to fire his $20/month legal Mexican gardener if he doesn’t get his way) scrumbles¹. Within a single paragraph, Todd refudiates refutes Krugman’s estimate of his salary (“not even close to our income on the high side”) yet sees no contradiction in describing the injury he and his wife would sustain from $10,000/year in additional taxes, which he just implied he won’t have to pay (because his salary is “not even close” to high enough to result in that increase).
Professor Henderson careens further out of control a paragraph later, when he inflates the fictive $10,000 figure by 20%, to $12,000.
All this from someone with degrees in both engineering and law, whose ability to explain (when it suits him, apparently) was recently rewarded with tenure as a professor. In light of the facts of his education, Todd’s behavior doesn’t pass the smell test. I’m calling it toddfoolery. Either something tragic has happened to Todd’s mind since he received his degrees and tenure, or he’s a disingenuous liar. At least those are the only explanations I can imagine.
Update (21 Sep 2010): Today, Todd “hung up his blogging hat”.
[Note: The links at the beginning of this post are no longer valid.]
Update (12 Nov 2011): An alternate spelling of Toddfoolery (Todfoolery) is now available here: Pity the 1%, and Their Tod(d)foolery.
¹ The verb scrumble will be coined in a future installment of “Word of the Day.”