Barack Obama: “The LAST THING We Want to Do Is Raise Taxes During a Recession” (2009 Video)
Posted by Jim Hoft on Monday, July 11, 2011, 5:21 AM
In an August 5, 2009, interview on NBC News, Obama said that:
“The last thing you want to do is raise taxes in the middle of a recession, because that would just suck up, take more demand out of the economy and put businesses in a further hole.”
Here’s Obama talking about how tax hikes would put the economy in a further hole.
But, that was in 2009.
In the current debt and deficit talks Obama is proposing a trillion in new taxes… during a very weak economy.
The Weekly Standard reported:
In a 75-minute meeting Sunday night, President Obama once again demanded that more than $1 trillion in tax increases be part of any deficit reduction package attached to a vote on the debt ceiling. In the session, Obama rejected a Republican proposal to seek $2.5 trillion in spending cuts and reforms, and insisted on higher taxes on businesses and wealthy individuals.
It’s a curious position, given the anemic economic growth and rising unemployment. And it’s even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.
In August 2009, on a visit to Elkhart, Indiana to tout his stimulus plan, Obama sat down for an interview with NBC’s Chuck Todd, and was conveyed a simple request from Elkhart resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.”
Obama agreed with Ferguson’s premise – raising taxes in a recession is a bad idea. “First of all, he’s right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.”
Now Obama wants to raise a trillion dollars with tax hikes.
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Published May 21, 2012 at 12:19 am - 47 Comments
msr commented:
President Obama’s dueling positions are not inconsistent because, to this day, the administration maintains that the recession ended almost exactly two years ago.
Mark1957 commented:
You can’t expect Zero to remember every thing that TOTUS tells him to say, Zero is just a puppet. He does however always remember to blame Bush.
Militant Conservative commented:
Master of disaster. Satan’s sock puppet.
Powder is dry
BurmaShave commented:
Poor Obama.
All he knows how to do is pander, to this group or that. By now he has said something embarrassing on just about every imaginable issue.
Due to his complete lack of real principles (to say nothing about leadership), he has nothing to fall back upon now except his ideology, which sadly –actually extremely sadly – includes mendacity about everything.
mercador commented:
Jam 1:8 A double minded man [is] unstable in all his ways.
Missy8s commented:
Say anything to get elected, do anything to hold power.
Yep, that’s Chairman O!
DINORightMarie commented:
The GOP has so much ripe material to skewer Obama – all in his own words. This is a CLASSIC example.
The only way that 2012 will not be a landslide referendum of the 2008 disaster is if the Republicans cave and cut a deal.
They are in the winning seat – the wind is at their backs. Will they blink? Will Boehner cave? I sincerely hope not – he KNOWS, first hand, what the Dems did to them under Bush I and Clinton when they caved to make deals and agreed to raise taxes.
Hold that line, Boehner. The people are supporting you – if you stand strong against this poseur, this radical-in-chief.
Dick Turpin commented:
The ‘king’ needs money…..to fund the 47% of welfare slags whom the Dem’s need to vote for them next year….
kato commented:
Yeah, and he was going to close Gitmo, end the wars, make the world our friend, and lots of other BS. Like Pelosi and Reid, this dope will say anything. You’ve got to be a member of the black parsitocracy or an English professor to buy into this pathetic jive act.
SeniorD commented:
“The last thing you want to do is raise taxes in the middle of a recession, because that would just suck up, take more demand out of the economy and put businesses in a further hole.”
Then, oh mighty ego, did you spend so much of OUR money on things the Federal Government has no business doing?
Why then, oh mighty intellect, are you cutting Defense spending while simultaneously aiding our enemies?
WTF. benighted Lightwalker is the country you pour your diktats to unable to pay its bills?
Why, oh he who never had a job in his life are American citizens unemployed while illegal immigrants enjoy the fruits of their labor?
Continue to walk in the Twilight Zone, oh he who will soon be unelected, the weather will certainly get much warmer.
lizzy84 commented:
Q: Why are the Republicans conducting the People’s business in these closed door meetings with Democrats? Our government was never meant to function this way. Do the right thing. Pass a Bill in the House and the Senate as well. Reconcile it and send it to oBama.
The optics of sitting around a table, sausage-making, with oBama, pelosi and reid reeks of the oBamacare fiasco– Please, Republicans…get out from behind those closed doors. Our government wasn’t established to function this way.
kato commented:
Blowhard thought he would succeed by using Alinskyite propaganda and relying on an army of journolisitc and academic asskissers. But one can’t hide a record as pathetic as Blowhard’s. This is a seriously subprime presidency, and all the lies and propaganda in the world can’t hide that.
kansas commented:
If Republicans raise taxes they lose. If they don’t, they lose. What a fine mess. Alinsky wins again.
jorgen commented:
So he actually knows better! Then he is causing a recession on purpose.
Betsy Ross commented:
Alway, alway, always remember this:
Barack Obama DOES the exact opposite of what he SAYS.
L.E. Liesner commented:
Sen. Rubio said it with clarity,” we don’t need higher taxes we need jobs so people can pay taxes”. This administration is killing jobs everyday. Just look at the regulations he put on coal, that is going to kill another energy producing business. Rules , regulations and government intervention in every aspect of the American life has taken it’s toll on our economy and will continue to destroy the country. Tax and spend is all these people know. Bureaucracy in this country today has made “common sense” a very rare commodity, in fact it is almost nonexistent.
BuddyG commented:
Of course 0bama wants to raise taxes.
Afterall, his priority is not to reduce debt.
His priority is to redistribute income.
saveus commented:
obummer is all things to all people since he means nothing he says and will say anything
FurryGuyJeans commented:
I guess Barry sees this as the “last thing” since he is so busy pontificating about raising taxes.
But then he has seen the entirety of his reign as the last thing since he has been harping about increasing the tax burden on us all since 3 seconds after being sworn in.
RedBeard commented:
Liars have it hard, trying to keep track of past lies and make them dovetail somehow with current lies. Good thing for Obama that he has the media working hard to cover for him.
Finncrisp commented:
I say call his bluff. If we have only 60% of the budget indefinitely, we will get better. His nonsense just makes thing worse for longer. Tough medicine to undo all the damage this administration and their useful idiots have done. Near the end of the depression (the first one). FDR taxed the wealthy at 90% of all income above 200K, in addition to normal taxes on the first 200K. There was still not enough revenue to fund his try at socialism.
Taxing the wealthy will not work on the second depression, either.
Finncrisp commented:
And another thing, we are now seeing loss of government employment that was caused by the first stimulus. There was no money to pay for it then, and there surely isn’t any now. Making government bigger in the face of diminished revenue never makes sense, unless the ultimate goal is statism and marxist rule.
jainphx commented:
What else is there to say about this world class jerk. Every day it’s something else. I grow tired of even seeing his name let alone hear him speak. He is waring us down with stupidity.
StrangernFiction commented:
Will they blink?
Is water wet?
StrangernFiction commented:
A true opposition party would simply say to the ‘rats, “ok you want your trillion dollars in tax increases on the ‘rich,’ fine we can do that, but we want Obamacare repealed. End of negotiations.”
lizzy84 commented:
‘Taxes Upon Taxes Upon’ . . .oBama wants $1 trillion in taxes on top of what he’s already signed:
link@http://online.wsj.com/article/SB10001424052702303812104576438130028027412.html
cal rifkin commented:
The accomplice media doesn’t care a lick about contraDICKtions*…They’ll do whatever it takes to assist their young affirmative action president, even if it’s the end of us all, to worship at the altar of diversity and political correctness. (*credit to that ex-moaning Joe guy…what’s his name??)
Stuart commented:
Speaking of the media, isn’t it about time for some other high profile crime to hit the headlines?
Casey Anthony is just about yesterday’s news by now. Hasn’t some disaffected husband somewhere in this great republic chopped up his wife and fed her to the sharks, or something?
Are there no missing teen age girls anywhere? Enquiring minds want to know. Calling Nancy Grace… calling Greta… Calling BOR… Hello? Hello?
#1AMERICAN commented:
destroying america with every breath he takes…what a complete POS
big L commented:
About Katrina, one report said that for the victims there, Americans vouluntarily donated over
$500 million dollars.I thought uh oh…the donks are going to see that and say “hey, look how much money the Americans have stashed for discretionary spending. We want tha tdough in taxes to spend on our agenda”!
Hence the huge taxes proposed.
kansas commented:
Fox is still humping the Anthony case. I really am beginning to hate that network.
Jon Stall commented:
Obama doesn’t function correctly without his teleprompter, so don’t blame him for the contradictions. Shouldn’t be easier to finish those 3 wars, start watching very closely at all those wellfare beneficiaries, etc. instead of just raising taxes every single time?
http://www.funnyantiobama.com/funny-obama-jokes.html
Elect Republicans commented:
Increase taxes for what purpose, to fund the redistribution projects of Pharaoh Obama? Wasn’t QE1 and QE2 a tax, one that robbed us of the spending power of our savings?