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Monday, September 08, 2008

Obama Admits Raising Taxes Hurts Economy

Obama admitted that raising taxes (or rescinding tax cuts) during a recession would hurt the economy and he would review the decision and the economy if he were to become President.

Good to know that he now agrees that tax increases are bad for the economy, but I still don't believe him when he says he "might not" raise them even if we are in recession. (Plus, by then he will have concluded that we are not, and never were, in a recession and will start raising them.)