Obama, The Economy and “Fairness”

13 Apr

This video pretty much sums up Obama.  During one of the Presidential debates, Obama was presented with facts about capital gains taxes (by a liberal “journalist” who was the moderator).  The moderator asked:

Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20% and George Bush has taken it down to 15%.  And in each instance when the rate dropped revenues from the tax increased.  The Government took in more money.  And in the 1980’s, when the tax was increased to 28%, the revenues went down.  So why raise it at all?

Obama’s response?  He would raise capital gains taxes for “purposes of fairness.” Basically saying that it is more important to him to raise taxes on “rich” people, even if it means less money to the government.  Very revealing.

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