Author Topic: Obama: Recession Could Delay End to Bush Tax Cuts  (Read 373 times)

headhuntersix

  • Getbig V
  • *****
  • Posts: 17271
  • Our forefathers would be shooting by now
Obama: Recession Could Delay End to Bush Tax Cuts
« on: September 07, 2008, 03:51:56 PM »
WASHINGTON — 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.”


Really Barack, come on really, ur going there. How long until he decides invading Iraq was a good thing. If one of his ultra lib douchbag advisors tells him sucking cock is a good idea i would expect to see him blowing Biden in an ad. 

L

youandme

  • Getbig V
  • *****
  • Posts: 11063
Re: Obama: Recession Could Delay End to Bush Tax Cuts
« Reply #1 on: September 07, 2008, 05:14:26 PM »
Nice, so he admits he plans to weaken the country, since he already stated we are in a recession.


Obama says 'little doubt' country in recession 
Posted on 7/13/2008

Barack Obama said Saturday there is "little doubt we've moved into recession."

Obama underscored the country's need for a second economic stimulus package.

Obama said we need to take swift steps to shore up the housing market and a long-term energy policy to reduce reliance on foreign oil imports.