Obama 2009: Raising Taxes Hurts Businesses and the Economy.

In an interview with NBC News's Chuck Todd on August 5, 2009, when asked how raising taxes on ANYONE helps the economy, President Obama said: "The last thing you want to do is raise taxes in the middle of a recession because that would suck up... take more demand out of the economy and put businesses in a further hole." Now in July 2011, with unemployment still above 9%, his solution to the debt crisis is to TAX THE WEALTHY. How does this make any sense?

• Category

  News & Politics

[Bill Koelzer]

I guess you did not hear Obama say that tax raise on the rich DOES NOT occure during the recession. Just another example of "suggestive listening" and partial truths on the part of the Right.

[Chris McCrary]

His proposals in 2009 would have taken effect in 2011 if the Republicans had not won the midterms. The taxes he is proposing now will take effect in 2013 where the CBO says the unemployment rate will still be over 9%. Everyone else has conceded that this is purely a campaign pitch, why can't you?

[stryderzer0]

Obama knows taxes hurts economy - that's why he wants to raise them

[Almostthere50]

We must be out of the recession.

[Sunshine Daisy]

OBAMA IS A LIAR, THE RECESSION IS STILL HERE AND HIGH UNEMPLOYMENT.

[Johnny Huffington]

He can through executive order. He has bypassed Congress multiple times.

[illriginalized]

THIS IS WHY STATES ARE REJECTING OBAMA CARE. FFS OBAMA! lol

[netttels]

Ron Paul 2012

[6c685]

he hasnt proposed lowering taxes either.

[sensless1mc]

I wonder if he is wearing flip flops

[ladylordess]

The Recession never really ended.