Crush Liberalism

Obama: I won’t rescind tax cuts in recession

This dude’s just making stuff up as he goes along.  No wonder he’s losing now.  Anywho, from the AP:

Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday. …

Not renewing the tax cuts has the exact same effect as rescinding the tax cuts: taxes increase.  Either he doesn’t know this, or he’s counting on everyone else not knowing it.

Think about that for a second: Obama is saying that if the economy is bad, he won’t worsen it by raising taxes.  But for some weird reason, it’s OK to worsen the economy when it’s not bad?  If this isn’t a tacit admission that tax cuts are good for the economy and tax increases are bad for the economy, then what is?

September 8, 2008 - Posted by crushliberalism | economic ignorance, Obama, taxes