Crush Liberalism

Obama: I lied about hiking taxes on the rich

The Obamaliar…lying again?  Who knew?  Details:

President-elect Barack Obama may consider delaying a campaign promise – to roll back tax cuts on high-income Americans – as part of his economic recovery strategy, two aides said on Sunday.

David Axelrod, the Obama campaign strategist who was chosen to be a senior White House adviser, was asked if the tax cuts could be allowed to expire on schedule after tax year 2010 rather than being rolled back by legislation earlier. “Those considerations will be made,” he said on “Fox News Sunday.”

Bill Daley, an adviser to Obama and commerce secretary under former President Bill Clinton, said on NBC’s “Meet the Press” that the 2010 scenario “looks more likely than not.”

President George W. Bush’s tax cuts are set to expire at the end of 2010. After that they would revert to 2001 levels, when the top individual tax rate was 39.6 percent.

Obama has called for reducing taxes for the middle class, but requiring the wealthiest Americans to pay more than the current top rate of 35 percent.

His aides’ comments suggest Obama may be wary of imposing any additional tax burden at a time of deep crisis, despite the outlook for record budget deficits and mounting national debt. He may also be seeking to bolster Republican support for his recovery measures.

Let’s look at what he’s saying here, shall we?

“Tax increases, even on the rich, are bad for the economy.  Our economy is in the crapper right now.  It would be foolish to increase taxes, especially on the producers, right now.  If we did, unemployment would rise even higher, and tax shelters would see their deposits skyrocket.

“Therefore, I won’t be increasing taxes any time soon.  Once the economy has recovered, then I will damage the economy with tax increases.  After all, I just acknowledged that tax increases are bad for the economy…but it’s OK to damage the economy if it’s in better shape than it is right now.  Got it?”

So, to those of you stupid enough to vote for such an unrepentant liar in the hopes that he would stick it to those evil rich folks: sucks for you, huh? 

November 24, 2008 - Posted by crushliberalism | economic ignorance, hypocrisy, Obama, taxes