Recessions and Tax Hikes

By Warren Beatty

In August 2009 President Barack Hussein Obama said, "You Don't Raise Taxes In A Recession." He actually said that. At the 42 second mark of this video, Obama says that he has not proposed tax hikes during a recession. This source, however, says: President Obama has put forward several tax proposals in his 2010 budget for Congress to consider. These proposals are explained in the Greenbook released by the Treasury Department's Office of Tax Policy on May 11, 2009. The recession (that Obama says he inherited) "officially" ended (according to the Business Cycle Dating Committee, National Bureau of Economic Research) in June 2009. Let's see. My calendar indicates that May comes before June. Plus, the tax proposals did not just "suddenly come into being," they took time to develop. So, during the video interview, did Obama lie? Or was he equivocating? Or did he just forget? What we are currently in, according to Democrat/liberal/progressives (DLPs), is an "economic slump" or "economic slowdown" rather than a recession. But here is another.... (Read Full Article)