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Economic conditions today are very, very much improved from Nov of 2008, especially for the wealthy. The stock market has doubled, corporate profits have been at record levels for a couple years now, CEO pay is right back where it was. So no hypocrisy (wrong word anyway).
"It is absolutely clear the economy is not doing fine." _Obama 1 month ago
The economy is showing signs of strain. A lot of people are wondering if we are entering a recession. Things like the stock market mean very little as to where the economy is about to go. Would you tell me the economy is doing great in October 1929 -- because look -- the stock market is up!!!
As I'm sure you're aware, today Obama called for a one-year extension of the Bush tax cuts for those making less than $250,000 a year. He has called for this sort of thing before, so this was no surprise.
But - he used to be for making the Bush tax cuts permanent for anyone making less than $250,000 a year. Now he presumably wants the cuts to expire after one year (though he's also talked about temporary extensions before).
And he used to say it was a bad idea to increase taxes on anyone during a recession (yes, we are techincally out of the recession now, but he was obviously using the term "recession" to simply mean any economic downturn, and we are definitely still in an economic downturn; furthermore, I believe this was from August 2009 when we were already technically out of the recession - though the 3rd quarter wouldn't have been over yet and 3rd quarter GDP obviously wouldn't have been reported yet so it wasn't "official" that we were out of it):
So....here we have multiple examples of Obama simply not being able to make up his mind. He can't make up his mind on whether taxes should be raised during an economic downturn/recession or on whether taxes should be raised on the middle class at some point.
No surprise given that he's been on all sides of issue after issue after issue.
Obama's mind was made up when he first took office. He would not be keeping his promise to not tax those who made less than $250,000. The third bill Obama signed into law (Public Law 111-3) was the SCHIP Act of 2009, wherein he raised the taxes on all tobacco users by more than 2,500% in some cases. That includes tobacco users making less than $250,000.
The economy is showing signs of strain. A lot of people are wondering if we are entering a recession. Things like the stock market mean very little as to where the economy is about to go. Would you tell me the economy is doing great in October 1929 -- because look -- the stock market is up!!!
The rich are doing fine. Ask Mitt. He is doing so well he has to hide his money in foreign accounts so we don't see just how well. Mitt can afford a tax increase and so can his rich chums.
The rich are doing fine. Ask Mitt. He is doing so well he has to hide his money in foreign accounts so we don't see just how well. Mitt can afford a tax increase and so can his rich chums.
Just a quick scorecard, correct me if I am wrong...
You disagree with 2012 Obama that the economy is absolutely not doing fine.
You disagree with 2008 Obama that you shouldn't raise taxes during a recession/hard economic times
You agree with 2012 Obama that now is a good time to start raising taxes.
Just a quick scorecard, correct me if I am wrong...
You disagree with 2012 Obama that the economy is absolutely not doing fine.
You disagree with 2008 Obama that you shouldn't raise taxes during a recession/hard economic times
You agree with 2012 Obama that now is a good time to start raising taxes.
You're bickering. We need to increase revenues and decrease spending. Obama is using the Bush tax expiration as a political ploy ATM. That's politics. I don't like that but I don't see how you avoid it. The expiration of the Bush cuts should be used as a bludgeon to make congress show some responsibility in the matter. That will only be possible if Obama is re-elected and the House remains Republican. It is the only tool in the arsenal and only Obama will be able to wield it.
You're bickering. We need to increase revenues and decrease spending. Obama is using the Bush tax expiration as a political ploy ATM. That's politics. I don't like that but I don't see how you avoid it. The expiration of the Bush cuts should be used as a bludgeon to make congress show some responsibility in the matter. That will only be possible if Obama is re-elected and the House remains Republican. It is the only tool in the arsenal and only Obama will be able to wield it.
You aren't bickering? You come on to this thread and dodge around Obama's flip flops.
Obama has not shown any leadership on getting towards a balanced budget or a serious effort to reduce the national debt. Obama has broken his promise to cut in half the annual deficits from the 2006 numbers. In fact, he is about a Trillion dollars over that amount. FAILURE.
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