I Agree With Obama (Finally!)

19 Jul

I don’t usually agree with Obama on anything, but I have to give credit where credit is due.  I completely agree with him on a statement he made in August of 2009 when he said that:

“the last thing you want to do is to raise taxes in the middle of a recession, because that would just suck up….take more demand out of the economy and put businesses in a further  hole.”


Obama went on to say:

“First of all, he’s right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.”

As recently as December 2010 (7 months ago), Obama made the case once again after he extended the Bush tax cuts stating:

“Millions of entrepreneurs who have been waiting to invest in their businesses will receive new tax incentives to help them expand, buy new equipment or make upgrades – freeing up other money to hire new workers.”

So, what has changed?  The economy, unemployment, housing, etc are all worse.  So, if it was essential 7 months ago to extend the Bush tax cuts for the sake of job creators and our economy, why is it that Obama is now demanding to raise taxes?

“If Obama was right and the tax breaks in that deal freed up money for job creators to hire new workers, isn’t the reverse true? Isn’t it the case that new taxes on entrepreneurs and other job creators will leave them with less money to hire new workers? And wouldn’t raising taxes on the “wealthiest” just “put business further in a hole,” as Obama believed just two years ago?”


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: