Even on the rich? Yep, even on the rich. Zero growth, zero jobs. Er..... [ame="http://www.youtube.com/watch?v=aufAtuTwKlE&feature=player_embedded"]FLASHBACK: Obama Says You Don't Raise Taxes In A Recession[/ame]
Wow, you mean Obama double spoke? you mean he said one thing and then did the opposite? it can't be. Obama is the savior of the world, he knows no wrong.
Yeah but he can play the class welfare role now because he and his party no longer have the power to actually do it. He knows taxes won't be raised with the political situation as it is. If you gave him full control of the government tomorrow I'm willing to bet he would not raise taxes.
Technically speaking it did but the economy is no stronger than it was during the recession. A large part of the GDP growth in the previous years was due to increases in government spending such as the stimulus rather than an actual recovery. The growth numbers we have seen recently reflect this.
What a hypocrite! His is proposing a pile of nothing, JUST to try to make the other side look bad. He is completely despirate.
Um....we're not currently in a recession. We are in a globalization crisis. So, while I would term a recession a temporary economic downturn, the current crisis is of a more fundamentally permanent variety. Timing does not matter so much as implementing the correct restructuring. I'm not saying Obama's plan is correct....I'm saying that it's more important to get it right than it is to worry about timing at this point.
Government spending is included in GDP. If you increase spending through methods other than raising taxes (printing or borrowing) you obviously increase GDP growth in the short term. The real test of recovery is if the growth remains after that short term injection of money runs out. Regardless, the economy is not in a strong position today and the logic behind what Obama said is still relevant.
Well, technically we aren't in the recession, which bottomed out in 2009. So stop increasing our deficit Republican money-wasters! And, to the Republicans claims that we don't raise taxes in a recession, I say it's the Republicans who are now holding us back causing government interference which results in the lack of economic recovery. Didn't someone say recently that it was the lack of a plan that was throwing markets for a loop? As long as we draw out the emergency spending with the "tax stimulus" we will continue causing debt fights and insecurity.
If you point out that the guy earning $2 million a year is paying income tax at an effective rate quite a bit lower than a guy making $70 thousand a year, the guy making $70,000 is usually going to applaud making the double millionaire income earner pay at the same % rate as himself.
9.1% unemployment, 16+% underemployment, national debt increased $4 billion dollars in 3 years, gasoline near $4 a gallon aqnd food prices skyrocketing. I don't know what shangri-la your living in, but it's near a depression where I live. Unemployment is still way over 14%.
