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?
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Either he doesn’t know this, or he’s counting on everyone else not knowing it.
I believe the latter is true.
Comment by Kanaka Girl | September 8, 2008
It’s funny how Kerry was called on his flip flop and Obama is getting a pass. Well no it’s not really funny. But eventually people will see him for the “wizard of Oz” he is.
Comment by Jenn | September 8, 2008
I love watching Barack Hussein Obama sweat.
Comment by Braden | September 8, 2008
Jenn I agree people will see through his shallow pandering, BUT I’m afraid that most of his supporters won’t care. I’m just glad that now we seem to have gotten our silent majority fired up (thanx to Palin and the MSM dirty tricks) and I hope we can keep it going through november!
Comment by tnjack | September 9, 2008