Obama starts to break campaign promises

[justapixel]

http://news.yahoo.com/s/nm/20081123/pl_nm/us_usa_obama_taxes

President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.

His aides' comments suggest Obama may be wary of imposing any additional tax burden at a time of deep crisis, despite the outlook for record budget deficits and mounting national debt. He may also be seeking to bolster Republican support for his recovery measures.

Less than three weeks after the election, Obama is thinking about breaking his campaign promises.

I am thinking that Obama = Bush. Just another politician, Nothing special.

I do agree with him about not raising taxes in an recession.

Just wondering what took him so long to grasp this concept.

 

[iman]

They are just campaign promises. Like "of course I love you" and "sure I'll respect you in the morning" and "I'll call you tomorrow" and "that was the best night I ever had" - it's all bullshit - not mean't to be taken seriously.

 

[Homoerectus]

Ah, yes. Disillusioned youth. There is political rhetoric, there is idealism and then there are the circumstances or reality and practicality. When you have voted for as many presidents as I have, you learn idealism never become part of reality. Someone must pay for all of these bailouts so banking and auto executive don;t have to fly Delta. That taxpaying sucker is us, the taxpaying suckers eke by on $100K or less and lives from payday to payday. The more things CHANGE the more they stay the same.

 

[Txgoodoldboy]

Let's give the guy a break. He hasn't even been sworn in, yet. If you think about how much has changed (the economy) in the last month, we're going to be lucky, if whole world doesn't go down the tubes.

 

[JayHawk]

gotta make moves on the fly. But of course it was just ignorance that led people to believe he would actually change anything in Washington.

 

[Passion4Muzik]

http://news.yahoo.com/s/nm/20081123/pl_nm/us_usa_obama_taxes



Less than three weeks after the election, Obama is thinking about breaking his campaign promises.

I am thinking that Obama = Bush. Just another politician, Nothing special.

I do agree with him about not raising taxes in an recession.

Just wondering what took him so long to grasp this concept.

I'm not sure the article is being comprehended properly. The article does not say Obama is breaking a promise. The article says he's delaying a promise. The title of this thread is misleading. Here's what's happening: instead of Obama imposing higher taxes on the wealthy as soon as he gets in office through legislation, he is considering letting the current tax cuts expire a year after he gets in office. My question is: did Obama ever say he would impose higher taxes on the wealthy as soon as he took office?

 

[naturist]

There will always be those that are waiting on the sidelines, ready to pounce on the guy before he's even started. He's a very smart man, he knows if he doesn't fulfill at least some of the promises that he campaigned on, he's outta there in four years. So I say let's give him a break and wait and see what happens. Anybody there but Bush and Cheney will be a vast improvement.

 

[archive]

I'm not sure the article is being comprehended properly. The article does not say Obama is breaking a promise. The article says he's delaying a promise. The title of this thread is misleading. Here's what's happening: instead of Obama imposing higher taxes on the wealthy as soon as he gets in office through legislation, he is considering letting the current tax cuts expire a year after he gets in office. My question is: did Obama ever say he would impose higher taxes on the wealthy as soon as he took office?

agreed.....lol

reading is fundamental....but how many people use comprehension?

 

[Passion4Muzik]

agreed.....lol

reading is fundamental....but how many people use comprehension?

I fail to see why there should be complaints about the tax cut issue. Weren't his opposers upset at the prospect of paying higher taxes? They should be happy that there may be a delay.

 

[jackoroe]

I'm certainly not going to chastise him for not raising taxes on people who actually create jobs during a recession. Even Obama realizes that would spell disaster. So he lied to us. I wasn't expecting anything less.

 

[Passion4Muzik]

I'm certainly not going to chastise him for not raising taxes on people who actually create jobs during a recession. Even Obama realizes that would spell disaster. So he lied to us. I wasn't expecting anything less.

It's interesting that you condemn him even as he may do something you agree with.

Did Obama ever state that he would immediately repeal tax cuts once he got in office?

 

[JayHawk]

The same things that changed at the end of the race that made Barack inevitable makes the promises he campaigned on hard to negotiate. He is indeed a very smart guy and he is already placing many centrist at the top of his chain of command. He already indicated he gets it.

 

[jackoroe]

It's interesting that you condemn him even as he may do something you agree with.

Did Obama ever state that he would immediately repeal tax cuts once he got in office?

I'm not condemning him for his pragmatic decision not to raise taxes. It actually repudiates the erroneous position he sold the American people. Spreading other people's wealth around won't solve the problem of a recession. Let the people who create jobs keep their money so they can continue to create more jobs. Even Obama sees this is true.

 

[hotatlboi]

I'm certainly not going to chastise him for not raising taxes on people who actually create jobs during a recession. Even Obama realizes that would spell disaster. So he lied to us. I wasn't expecting anything less.

That's what's incredibly ironic and sad about the OP's post. Obama's position of wanting to raise taxes immediately on the wealthy is one of the things he took the most abuse for from the right. So now that he has changed that position, instead of applauding him some people on the right want to spin it that he's breaking his promise? Just pathetic partisanship there imo.

 

[JayHawk]

^ indeed many are still stuck or possibly forever stuck in campaign trail attack mode instead of dropping the second grade metality and realizing they wont make it without all of America.

 

[jackoroe]

So how is it they create jobs during a recession, when the unemployment rate goes up, but don't create jobs at other times, when it could prevent a recession?

Answer: Your sentence is fundamentally untrue and unsupported by facts and reality.

The fact remains that lowering taxes brings prosperity. It was proven in the 80's and even with these pathetic, miniscule Bush tax cuts. The direct result of even these tax cuts, were record tax collection revenues to the government.

If raising taxes during a recession worked, Smoot Hawley would have prevented, instead of causing the great depression. I realize that Smoot Hawley was a tariff and not an income tax, but the same principle applies.

 

[JayHawk]

Ding. Second grade back in session.

Indeed what you venomously espouse rings true however it was not Just Bush you silly man.

 

[Passion4Muzik]

I'm not condemning him for his pragmatic decision not to raise taxes. It actually repudiates the erroneous position he sold the American people. Spreading other people's wealth around won't solve the problem of a recession. Let the people who create jobs keep their money so they can continue to create more jobs. Even Obama sees this is true.

What I was specifically asking you about is how allegedly Obama lied, since that's you said. How did Obama lie?

 

[JayHawk]

It is strange that we can solve our woes with tax increases yet when played against reality he chooses otherwise.

I also agree he intended to simply allow the Bush Tax Cuts to expire in fiscal 2010.

So if he is backing away from that for now wouldnt that be a change.

Change you can believe in?

 

[jackoroe]

Oh boy, another one who hasn't taken elementary economics in college...

Recession is an outcome of reduced demand. Cutting taxes for the hyper-wealthy doesn't stimulate demand (goods and services), it merely fattens their bank accounts.

To increase demand, the government typically pump-primes the economy by spending on social programs and infrastructure. That's money that will quickly flood the economy and increase demand for goods and services.

I realize you aren't a conservative, as conservatives are opposed to deficit spending: you haven't much bitched about Bush's DOUBLING the accumulated federal debt in five years. But whatever your right-wing ideological beliefs are, they are not conservative, nor do they make any sense, not give the economic meltdown we face, thanks to Bush and his flesh-eating followers.

You are, of course, wrong yet again. I have consistently opposed the ridiculous spending of the last 8 years. I understand that the war, like it or not, has to be funded, but Bush never really seemed to find that veto pen as it related to spending. I contend that unless the Constitution specifically enumerates the Federal Governments authority to engage in an endeavor, that they are prohibited from doing so.

As to your claim that lowering taxes for individuals does not stimulate economic activity, I guess you missed the 1980's.