FLASHBACK: Obama Says You Don't Raise Taxes In A Recession

In August 2009, President Obama was very clear that we shouldn't raise taxes in a recession. So why does he want to increase them now?

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  News & Politics

[Ninety9Soulz]

He goes against everything he's ever promised and people still blindly love him, it's ridiculous. I was dumb enough to believe in him in 08, and I realize he's a complete bullshit bank slave. Yet others don't come to their senses, the fuck America?!

[Niggerewchi]

You cannot multiply wealth by dividing it.

[RAHUL agarwal]

You're pushing through Internet Sales tax you lying asshole

[MrCaptainfudgeit]

Purchasing power to innovate your business is ideal! However if this innovation reduces your work force you place a greater burden on each unemployed worker to re-educate themselves to technological environment they may not be accustomed to. Also we're do they get the funding to reeducate themselves? How does an unemployed worker help the economy? Also taxes are used in various areas. Healthcare, military defense and infrastructure as well as our education system.

[ebecerra85]

Your right were in a depression...lol

[libs08LOL]

Furthermore, lowered taxes (which other vibrant countries currently have) increases the movement of money. In fact so much so, that the increased movement of money can, in practice, double your income. Example: Decreased taxes on all (business and individual) will allow more income to be used for purchasing power. More purchasing power equals more purchasing/sales of product. More purchasing equals greater frequency of inventory turnover. Result, the workers in those jobs make more.

[libs08LOL]

So exhausted of people's lack of understanding about money and the economy. You either believe that money is a fixed amount - something you have in your wallet - or is dynamic - something that moves in/out/and back into your wallet. It the latter, because money is only powerful (which then becomes economy) when it moves, buys, trades for things. An economy is only strong, therefore, not on the fixed amount of money, but because of its velocity. RAISING TAXES anytime, kills the economy.

[stuff5492]

you cannot tax-cut your way to prosperity

[Ninety9Soulz]

Yeah I know there's a lot more to it, I think I was just letting off some steam at the time, can't really remember as that was well over a year ago.