Monday, July 11, 2011

President Obama Changes Position On Raising Taxes During Recession

In the face of record unemployment, then Candidate Obama said raising taxes in a recession was a bad idea.


But in the present debt ceiling negotiations, President Obamanocchio is insisting on billions in tax hikes.
"In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals."
What explains this change of attitude, or is it merely a now well-known fact that Obamanocchio never means what he says?  I had such high hopes. Liar!

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