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Obama Admits That Higher Taxes Will Wreck the Economy

Posted on 09/12/2008 12:07:29 PM PDT by nateriver

Incredibly, Senator Barack Obama admitted that raising taxes on small business owners, investors, and high-income workers might actually hurt the economy.


TOPICS: Business/Economy
KEYWORDS: economicpolicy; fairnesstax; flipflopping; obama; obamabiden; taxes

1 posted on 09/12/2008 12:07:29 PM PDT by nateriver
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To: nateriver

When? Where? How?

Where’s your source/link?


2 posted on 09/12/2008 12:09:54 PM PDT by Corin Stormhands (Community Organizers for McCain-Palin now at http://www.cafepress.com/writeside)
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To: nateriver

Welcome to FreeRepublic.

It is customary to cite a source for a statement such as this.


3 posted on 09/12/2008 12:10:03 PM PDT by EggsAckley
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To: nateriver

And in a related item, he also agrees that if you push something hard enough, it will fall over!

What a guy!


4 posted on 09/12/2008 12:10:30 PM PDT by RexBeach ("Americans never quit!" Douglas MacArthur)
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To: nateriver

But that’s OK, ‘cause he can just increase the checks being sent from the government to his loyal subjects. No big deal.


5 posted on 09/12/2008 12:13:55 PM PDT by Cementjungle
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To: nateriver

Taxes kill business kill jobs kill people.


6 posted on 09/12/2008 12:15:49 PM PDT by ROTB (Our Constitution [is] for a [Christian] people. It is wholly inadequate [for] any other. -John Adams)
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To: nateriver

“Obama Admits That Higher Taxes Will Wreck the Economy” but wants to do it anyway.

At an earlier date, some MSM journalists actually pressed him on taxes. He wanted to raise capital gains taxes, and, amazingly enough, he was told this would depress capital gains revenues. His response was that he would still do it for “equity.” That opened my eyes wide.


7 posted on 09/12/2008 12:15:54 PM PDT by ChessExpert (If it had been up to Hussein Obama, Saddam Hussein would still be in power)
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To: nateriver

It seems that may be his intent. Look at Cuba and N Korea. I think the Marxists are like the bullies that have to kick down someone elses sand castle on the beach.


8 posted on 09/12/2008 12:16:20 PM PDT by MtnClimber (http://www.jeffhead.com/obama/nobamanation-sticker.jpg)
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To: Corin Stormhands

WHERE DID YOU SEE THIS? WHO REPORTED IT?


9 posted on 09/12/2008 12:16:27 PM PDT by albie
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To: nateriver

Even if he did say it, he certainly doesn’t mean it. The guy will raise taxes first chance he gets. He is just trying to get elected and knows his bacon is started to get a bit crispy.


10 posted on 09/12/2008 12:23:23 PM PDT by The Unknown Republican
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To: ChessExpert
“Obama Admits That Higher Taxes Will Wreck the Economy” but wants to do it anyway.

It will just have a short term effect before the communes get going and we finish nationalizing big business. It shouldn't take more than a dozen years.

11 posted on 09/12/2008 12:27:10 PM PDT by JimSEA (just another liberal-bashing fearmonger)
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To: JimSEA

Bary seems willing to say Anything to convince you to elect him.

Apparently he could see how well conservative values were doing and started to use them.

Saying he loves the Military, ECT... But he is an LEFTIST no matter what he says or does he is.
He would say ever talking point from lower taxes and less government and drill oil now.
But is America elects this guy he would turn on you faster than a Pitbull (or Sarah PALIN). Do the exact oppisite.


12 posted on 09/12/2008 12:32:41 PM PDT by jakerobins
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To: nateriver

Try this link:

http://www.americanshareholders.org/2008/09/obama-admits-th.html

Obama Admits That Higher Taxes
Will Wreck the Economy
Incredibly, Senator Barack Obama (D-Ill.) admitted that raising taxes on small business owners, investors, and high-income workers might actually hurt the economy:

Q: What about increasing taxes on [small businesses and investors]?

A: “I think we’ve got to take a look and see where the economy is. I mean, the economy is weak right now. The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we’re fragile.”

So let me get this straight: raising taxes on small businesses and investors will hurt the economy. If the economy is fragile, raising taxes would cripple the economy. Presumably, it would damage even a strong economy. So why raise taxes at all? Is the goal to undermine the economy? How much damage is Obama willing to do to the economy in order to pursue his idea of “fairness?”

There’s a video at the link.


13 posted on 09/12/2008 12:33:40 PM PDT by John Semmens
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