Stephanie
Diamond Member
- Jul 11, 2004
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SNIP.
an August 5, 2009, interview on NBC News, Obama said that:
The last thing you want to do is raise taxes in the middle of a recession, because that would just suck up, take more demand out of the economy and put businesses in a further hole.
Heres Obama talking about how tax hikes would put the economy in a further hole.
YouTube - ‪Obama: "The LAST THING We Want to Do Is Raise Taxes During a Recession"‬‏
But, that was in 2009.
In the current debt and deficit talks Obama is proposing a trillion in new taxes during a very weak economy.
The Weekly Standard reported:
In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals.
Its a curious position, given the anemic economic growth and rising unemployment. And its even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.
read it all with comments at.
Barack Obama: “The LAST THING We Want to Do Is Raise Taxes During a Recession” (2009 VIdeo) | The Gateway Pundit
an August 5, 2009, interview on NBC News, Obama said that:
The last thing you want to do is raise taxes in the middle of a recession, because that would just suck up, take more demand out of the economy and put businesses in a further hole.
Heres Obama talking about how tax hikes would put the economy in a further hole.
YouTube - ‪Obama: "The LAST THING We Want to Do Is Raise Taxes During a Recession"‬‏
But, that was in 2009.
In the current debt and deficit talks Obama is proposing a trillion in new taxes during a very weak economy.
The Weekly Standard reported:
In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals.
Its a curious position, given the anemic economic growth and rising unemployment. And its even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.
read it all with comments at.
Barack Obama: “The LAST THING We Want to Do Is Raise Taxes During a Recession” (2009 VIdeo) | The Gateway Pundit