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To: markomalley
Obama: ‘The last thing you want to do is raise taxes in the middle of a recession’


38 posted on 07/15/2011 1:01:19 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Evil Slayer
It’s a curious position, given the anemic economic growth and rising unemployment. And it’s even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.

In August 2009, on a visit to Elkhart, Indiana to tout his stimulus plan, Obama sat down for an interview with NBC’s Chuck Todd, and was conveyed a simple request from Elkhart resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.”

Obama agreed with Ferguson’s premise – raising taxes in a recession is a bad idea. “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.”

40 posted on 07/15/2011 1:10:13 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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