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Posted: 9/7/2008 1:56:11 PM EDT
So now this buffoon admits that tax cuts helps the economy. Does he have a real stance on anything???


Obama: Recession could delay rescinding tax cuts
5 hours ago

WASHINGTON (AP) — Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday.

"Even if we're still in a recession, I'm going to go through with my tax cuts," Obama said. "That's my priority."

What about increasing taxes on the wealthy?

"I think we've got to take a look and see where the economy is. I mean, the economy is weak right now," Obama said on "This Week" on ABC. "The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we're fragile."

Obama was referring to the two mortgage companies taken over by the federal government Sunday in what could become a huge taxpayer bailout. The nation's unemployment rate climbed to 6.1 percent in August from 5.7 percent the month before, the government said last week. It was the first time in five years that the unemployment rate had topped 6 percent.

Obama and McCain have sparred over tax policy for months. Obama says McCain wants to continue Bush administration policies, noting that McCain had voted against the Bush tax cuts but then embraced them as he campaigned for the Republican presidential nomination.

"John McCain likes to talk about fiscal responsibility, but there is no doubt that his proposals blow a hole through the budget," Obama said.

McCain has repeatedly hammered Obama over taxes in an attempt to paint him as a typical tax-and-spend liberal. McCain wants to make permanent the Bush tax cuts, which are set to expire at the end of 2010.

"We can get this economy back on it's feet," McCain said in an interview aired Sunday on "Face the Nation" on CBS. "Don't raise their taxes. Get it going again. Americans are hurting in a way that they have not hurt for a long time."

The Tax Policy Center, a think tank run jointly by the Brookings Institution and the Urban Institute, concluded that Obama's tax plan would benefit middle-income taxpayers more than McCain's. However, Obama would raise payroll taxes on taxpayers with incomes above $250,000, and he would raise corporate taxes. Small businesses that make more than $250,000 a year also would see taxes rise.

McCain's plan cuts taxes across all income levels. It would cut taxes for those in the top 1 percent by more than $125,000, raising their after-tax income an average 9.5 percent, the center concluded.

 
 

Link Posted: 9/7/2008 2:01:00 PM EDT
What a fool.  Put a single turd in a football field and that moron will find a way to step in it.
Link Posted: 9/7/2008 2:05:53 PM EDT
Can this man rember what he said or done the day before ?
he must have some of the good drugs.
Link Posted: 9/7/2008 2:07:21 PM EDT
snort....
Link Posted: 9/7/2008 2:08:05 PM EDT
The looser is grasping at straws.

What's next, including the Beast as his VVP
Link Posted: 9/7/2008 2:10:03 PM EDT

Originally Posted By Chaingun:
The looser is grasping at straws.

What's next, including the Beast as his VVP


oh god ssshhhhhhh! hope Joe biden,s got security and doesn't have any "accidents"
Link Posted: 9/7/2008 2:11:23 PM EDT


He must have some very interesting internal polling.

What next?? Pics of him shooting bowling pins with a 1911?
Link Posted: 9/7/2008 2:11:39 PM EDT
I wonder what he will be saying tomorrow?
Link Posted: 9/7/2008 2:11:57 PM EDT
This is an open admission--Obama KNOWS that a tax increase will hurt the economy.

He is committed to doing it anyway for Leftist purposes.  He might have a short delay before he implements his new tax structure, but it is coming.

Therefore, Obama believes that Leftism is more important than the economy.

Doesn't he know he's not supposed to say that until after he wins, just like Clinton did?


Steve
Link Posted: 9/7/2008 2:12:29 PM EDT
"I was against the tax cuts before I was for them".
Link Posted: 9/7/2008 2:12:43 PM EDT
Say anything for a vote.
Link Posted: 9/7/2008 2:14:06 PM EDT
Proof he will say or do anything to get elected.

Think he's scared?
Link Posted: 9/7/2008 2:15:01 PM EDT
Wow, what next!  
Link Posted: 9/7/2008 2:16:03 PM EDT

Originally Posted By DougR:
"I was against the tax cuts before I was for them".



beat me to it.
Link Posted: 9/7/2008 2:17:03 PM EDT
"by ANY means necessary" Malcolm X
Link Posted: 9/7/2008 2:17:40 PM EDT
/me thinks
Link Posted: 9/7/2008 2:18:46 PM EDT
My goodness he supports tax cuts for the rich?!?! I guess he really isnt for the common worker.
Link Posted: 9/7/2008 2:20:16 PM EDT

Originally Posted By gene5:
"by ANY means necessary" Malcolm X


Exactly!
Link Posted: 9/7/2008 2:21:02 PM EDT
He should compare notes with Biden, who this morning trashed McCain for supporting the cuts.

So he admits the cuts helped the economy?  Clearly he must if getting rid of them will hurt.


Link Posted: 9/7/2008 2:26:15 PM EDT
[Last Edit: 9/7/2008 2:26:54 PM EDT by Argon3]
What
Wait is he now saying something Bush has is good???  

Oh No it just he is losing in the polls and his little utopia is crumbling around his feet

He will leave them there
Trust me I am from the .Gov


So now this buffoon admits that tax cuts helps the economy. Does he have a real stance on anything???

Only what he thinks will help him on the election at this moment
Link Posted: 9/7/2008 2:30:20 PM EDT

Originally Posted By avenger44:
Proof he will say or do anything to get elected.
Link Posted: 9/7/2008 2:30:41 PM EDT
I saw this pic in another thread and all credit goes to whoever owns it...but I have to share it.
It's EPIC!

Link Posted: 9/7/2008 2:39:45 PM EDT

Originally Posted By 57Strat:
So now this buffoon admits that tax cuts helps the economy. Does he have a real stance on anything???




What ? Do you hate hope and change ? How can you be against hope ?
Link Posted: 9/7/2008 2:40:50 PM EDT
Wow.
The panic is really setting in amongst the dems.

You still can't believe a word they say, but it's funny to watch
Link Posted: 9/7/2008 2:46:11 PM EDT
Wow! And I thought McCain was running a bad campaign. Holy crap, this guy is almost trying to lose.
Link Posted: 9/7/2008 2:49:43 PM EDT
Flippity floppity.

Link Posted: 9/7/2008 2:49:55 PM EDT
Sounds like electing obama will be 4 more years of Bush.
Link Posted: 9/7/2008 2:51:13 PM EDT

Originally Posted By clement:
Sounds like electing obama will be 4 more years of Bush.


Someone needs to post this on DU.
Link Posted: 9/7/2008 2:52:41 PM EDT
Obama's campaign are running scared and will say ANYTHING to win.



Once they get in we all know what will happen.
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