[Eagle of Liberty]

FUNNY!!!! I saw an interesting difference:

Jan 2013 statement: It is critical that we pursue the policies needed to build an economy that works for the middle class

Dec 2012 statement: It is critical that we continue the policies that are building an economy that works for the middle class

Nov 2012 statement: It is critical that we continue the policies that are building an economy that works for the middle class

Oct 2012 statement: It is critical that we continue the policies that are building an economy that works for the middle class

SOOOO, in Oct, Nov and Dec, we were ALREADY using policies that were building an economy that is working for the middle class. But in JAN? Well, in Jan, we will PURSUE policies? So which is it? We already have the policies in place or we will pursue them? According to the fact that Obama dissolved the Jobs Council, we are doing NEITHER!

[Hoodat]

Good catch.

[Son House]

if already spending is at 26% of GDP, and your own people say raising taxes is going to decrease GDP, where does that get your spending as GDP decrease? 36%? 46%?

Apr 23, 2012
Christina Romer Knows Tax Hikes Will Kill the Recovery
http://www.forbes.com/sites/charleskadlec/2012/04/23/christina-romer-knows-tax-hikes-will-kill-the-recovery/

In a paper entitled: “The Macrcoeconomic Effects of Tax Changes” published by the prestigious American Economic Review in June 2010 (during her tenure at the White House), she stated: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.”

...The Romers’ baseline estimate suggests that a tax increase of 1% of GDP (about $160 billion in today’s economy) reduces real GDP by 3% over the next 10 quarters.