Capital Commerce

Obama's Stunning Admission

December 9, 2008 RSS Feed Print

Victor Canto of La Jolla Economics notices Obama's evolving position on taxes:

Many of the same people that are against the “Bush tax rate cuts” are now saying that we
should not raise taxes in a recession. To that we say, “why not?” They would argue that a tax
increase would further push the economy down the recessionary path. If that is the case, they are
in effect arguing that tax increases have negative effects on the economy’s growth rate. Now we have already established that tax rate increases reduce the economy’s growth rate. Then why raise tax rates during the good times? The answer must be that we can tolerate the slower growth rate then. It appears to us that even the opponents of the tax rate cuts know that there are dynamic effects ...

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Too bad people did not see that Sarah Palin would have made a great vice president with McCain. McCain gives his freedom, accepts torture he does not have to, and fights for America without thought! Did y'all know he was on the USS Forestall and was in the airplane hit with a rouge missile? He kept his cool, secured what was left of the burning plane and even secured the refueling probe as he deplaned. Instead y'all gave a "Sham Wow Salesman" a "Chance" with the highest office in our country! Now do you know why you do not simply give anyone a "chance" as president? I had problems when less than a year before he ran he said on national tv that he would not quit the senate to run! Lies and more lies!

sparkChaser of TX 10:04AM January 31, 2010

there are two type of money; the smart money and the dumb money.
The problem is that there is more dumb money than smart, hence you get more votes if you play to the dumb money's ego and victim mentality. The only problem is that the dumb money doesn't understand that they get their money from the smart money pool. So when government takes the smart money, they are in fact taking money from the dummies.
Yea. it's great that the next President is black, but more important that his skin color is his character, and no one bother to ask or question his positions. Now we have a bunch of people that thought they had a left wing lib in the White House, but the truth is he only told you enough so you would believe what you wanted. He didn't have to lie to you, you were so drunk on excitement that you lost your common sense.

Keith of MO 5:31PM December 09, 2008

...is not growth or revenue, it's making things "fair". They always want to do this by punishing the successful and in the process they always hurt the lower brackets as they injure the economy. These may be "uninitended consequences" but they are predictable. If the left would only read the stats and acknowledge the undeniable truth of the Laffer curve! If they'd embrace pro-growth policies they could actually foster an environment in which jobs are created-by businesses.

Pat of IL 3:43PM December 09, 2008

Obama's Stunning Admission

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