Obama: You know, tax hikes in a recession may be a bad idea

posted at 10:35 am on September 8, 2008 by Ed Morrissey

Barack Obama retreated on another key policy yesterday, and this one has repercussions for his entire economic and spending plan.  Obama acknowledged in an interview on ABC that rescinding the Bush tax cuts in a recession — as he has described the economy — would be destructive.  If so, Obama just eliminated a significant amount of the funding for his hundreds of billions in new government spending:

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.”

Obama has proposed almost $300 billion in new spending in his presidential campaign.  If he can’t raise taxes, at least in his calculation, all of that becomes deficit spending.  He wants to accuse McCain of fiscal irresponsibility for supporting the extension of the Bush tax cuts, but his spending plans now have no revenue.  How exactly does that express responsibility?

Not only that, but Obama has essentially conceded the Republican argument on those extensions.  Obama says he’ll use his middle-class tax cut as a balance, but overall Obama will raise taxes on corporations and employers, all of which will indirectly hit middle-class buying power.  It will also result in lower revenues overall as the dynamic effect of these tax increases will curb economic growth, resulting in lower profits and less tax revenue — a point Obama makes himself in this statement.

Obama has campaigned successfully on economics mostly through populist rhetoric and class warfare.  He has cast the Bush cuts as egregious without explaining the five years of solid growth they produced.  Now that he has to start getting past the slogans and start producing specifics, he seems lost and self-contradictory.  Small wonder that McCain has closed the gap on economic stewardship from 19 points to three in the latest polling.  Voters have begun to realize that Obama is making it up as he goes along.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2 3

Can’t say he isn’t the candidate of change.

Bruce in NH on September 8, 2008 at 10:37 AM

the “Say Anything” candidate…sounds like a good Ad could be made of this and show that you can’t trust the guy, however you can trust the Maverick and the Artic Fox

jp on September 8, 2008 at 10:37 AM

While Obama retools.

McCain/Palin refuels.

coldwarrior on September 8, 2008 at 10:38 AM

Um, Didn’t he just admit that McCain is right???

stenwin77 on September 8, 2008 at 10:38 AM

HAHAHA

Republican spokeswoman on Fox just said:

About Obama’s 130 “present” votes in the Senate:

“When the going gets tough- the tough vote “present”?

FiveWays on September 8, 2008 at 10:39 AM

Making it up? Baracky is pulling his ideas straight from his ass and trying to wave away the smell before presenting them to the public.

Good Gawd, what an opportunity for McCain at the debates or even in an ad: “Senator Obama, if tax hikes don’t hurt the economy, why would you delay taxing the so-called rich to keep from, as you say, hurting the economy”?

The wheels are off the bus.

Bishop on September 8, 2008 at 10:39 AM

Obama is such an idiot. He is becoming a joke.

jencab on September 8, 2008 at 10:40 AM

Moose caught in the headlights of Palin’s 18 wheeler.

fogw on September 8, 2008 at 10:40 AM

Voters have begun to realize that Obama is making it up as he goes along.

Especially now that he’s behind in the polls.

guitarplayer on September 8, 2008 at 10:40 AM

the “Say Anything” candidate…

jp on September 8, 2008 at 10:37 AM

Yup, the “Say Anything” candidate, the shifting Dope of Hope.

petefrt on September 8, 2008 at 10:40 AM

God do I hope that McCain hammers him on this, at the debates or at least in an ad.

Vyce on September 8, 2008 at 10:41 AM

Well, he must be qualified to have an opinion. After all, he was offered all those high paying Wall Street jobs after graduating with a degree in government. I am still trying to find out which Wall Street companies offered him jobs? A government major working on Wall Street? Harvard lawyer, yes. But that was AFTER the Organizer job. Which companies offered him those jobs?

flyoverland on September 8, 2008 at 10:42 AM

whoa whoa whoa. So does this mean the campaign is taking the “McCain would continue Bush’s tax cuts” talking point off the table?

:D

That was not the tax hike that I knew, I repudiate it and am deeply disappointed.

YellowDawg on September 8, 2008 at 10:43 AM

What an idiot. So, after years of railing against those tax cuts, he just now realizes getting rid of them might have an effect on the economy. Yeah, he’s a real genius, there.

CP on September 8, 2008 at 10:43 AM

Maybe I’m not looking hard enough, but somebody has to have already photoshopped BO’s head on Cusack’s body, right?

LastRick on September 8, 2008 at 10:43 AM

Wow. And I thought the Clintons shifted with polls. Yikes!

Dr.Cwac.Cwac on September 8, 2008 at 10:44 AM

The thing is, he hasn’t promised not to do anything. He says “in a recession,” but as even Teh One must know, we ARE NOT in a recession! We have not even had one quarter of negative growth, much less the three consecutive quarters that are the very definition of a “recession.”

This is in exactly the same vein as his promise not to “come take your guns” – yeah, but what about permitting the sale of guns not already purchased?

The man is such a slimy-smooth double-talker, it makes me want to punch the monitor every time I see his face.

kiltedscotsman5 on September 8, 2008 at 10:44 AM

this guy truly is CLUELESS……Hillary has to be laughing or crying at this stage wondering how this happened to her? If she had only attacked him earlier this would be a whole differant race….right now, the wheels are falling off Barry’s Bus for sure…

SDarchitect on September 8, 2008 at 10:44 AM

Heh, um uh y’know um uh I was reading this er uh great book called Remedial MacroEconomics for DUmmies and er taking all the capital from uh evil rich folks tends to uh harm job growth or erm something….

sven10077 on September 8, 2008 at 10:45 AM

Here’s what it boils down to for Barry:

His handlers thought they could win by running against Bush. Period.

Strip it all away and that’s what it boils down to. They got a fresh face that could read a good speech and they produced a campaign about nothing but a break with Bush.

But that’s not going to win it for them now. I’m sure even to people who don’t follow politics–maybe even more-so to them–the plaintive wails that Sarah Palin is Dick Cheney just look more silly by the day.

If this election plays out exactly on the themes its on now, McCain wins in a landslide. The only way Barry can win is to change his message and attack McCain from a new direction.

But there’s nothing there. That cupboard is completely bare.

Good on you, Ed, I think you saw this all along. Obamamania is over, and as it comes time to really join the battle, their side is out of ammunition.

Typhoon on September 8, 2008 at 10:45 AM

Flip flop on the flippity flip flop. This Obama fellow deserves the waffles tag.
Inexperienced. Clueless. Not ready to lead. Bad for America.

Geronimo on September 8, 2008 at 10:45 AM

This reminds me about how back in the primaries during one of the debates Obama was asked about the Capital Gains Tax, and why he doesn’t cut it if it would likely help the economy. And he replied that it wouldn’t be fair.

Keljeck on September 8, 2008 at 10:45 AM

…as the cards slowly flutter to the floor.

fossten on September 8, 2008 at 10:45 AM

Barack Obama: The candidate of Dope and ExChange

Dr.Cwac.Cwac on September 8, 2008 at 10:46 AM

LOL.

Obama needs to just smile and nod from now until election day.

bloghooligan on September 8, 2008 at 10:46 AM

What a tool. I guess he’s hoping for those people who haven’t been paying attention. I’ve disliked everything about Obama since the beginning of the primaries- mainly because he’s such an obvious empty suit, but now I’m convinced that he would be a serious danger as POTUS.

anniekc on September 8, 2008 at 10:46 AM

Somewhere right now, Sean Penn is crying thru his Bong-Water!

BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHH!

Dale in Atlanta on September 8, 2008 at 10:46 AM

Where can we find a list on all the things Obama has flip-flopped?

GreatGatsby on September 8, 2008 at 10:46 AM

Wow. Is he an idiot or what? Let me read this whole article, can that be right?

Dash on September 8, 2008 at 10:46 AM

A democrat giving up tax cuts???
Pure panic, like I posted, he and Michelle are trying to find out how to have a down syndrome baby…

right2bright on September 8, 2008 at 10:46 AM

This will be known as the election where Democrats put all their eggs into the basket of a man with nothing going for him but image. That image is being chipped away like the levees from Hurricane Sarah!

carbon_footprint on September 8, 2008 at 10:46 AM

Hillary has to be laughing or crying at this stage wondering how this happened to her? If she had only attacked him earlier this would be a whole differant race…

SDarchitect on September 8, 2008 at 10:44 AM

Yep, she was one month too late. If she’d been hitting him before the big polls in February, he’d be long gone by now. Then again, for the GOP, would that have a been a good thing?

LastRick on September 8, 2008 at 10:47 AM

How about “Tax hikes anytime are a bad idea”?

Harpoon on September 8, 2008 at 10:47 AM

So Obama “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”. but ““Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”

Huh?

ctmom on September 8, 2008 at 10:48 AM

As Jim Geraghty is brilliantly documenting at NRO’s Campaign Spot, all Obama promises come with an expiration date. All of them.

JudetheFossil on September 8, 2008 at 10:48 AM

Moose caught in the headlights of Palin’s 18 wheeler.

fogw on September 8, 2008 at 10:40 AM

Moose

right2bright on September 8, 2008 at 10:49 AM

Wow. Is he an idiot or what? Let me read this whole article, can that be right?

Dash on September 8, 2008 at 10:46 AM

Yes.

It’s right.

He is an idiot.

Typhoon on September 8, 2008 at 10:49 AM

Where can we find a list on all the things Obama has flip-flopped?

GreatGatsby on September 8, 2008 at 10:46 AM

Try this one here from jgapinoy.

LastRick on September 8, 2008 at 10:49 AM

Obama is such an idiot. He is becoming a joke.

Becoming? That ship sailed a loooonnnng time ago!

Maybe now though, his cracks are actually showing to the people who count – the MSM and undecided voters!

*fingers crossed*

tru2tx on September 8, 2008 at 10:50 AM

“Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”

EVEN if we’re still in a recession?

Barry, that’s what you’re SUPPOSED to do in a recession.

Keljeck on September 8, 2008 at 10:51 AM

Obama acknowledged in an interview on ABC that rescinding the Bush tax cuts in a recession — as he has described the economy — would be destructive.

Bwaaaaaaaaaa!

One of my recurring criticisms of the not-so-conservative-right has been the frequent suggestion that this guy is “really smart”, what with that vaunted Columbia-Harvard education, and all.

Thing is, I learned at lowly Illinois State University that in economic terms, the word “recession” actually has a definition. I believe that both Columbia and Harvard also teach classes in economics, and I suspect that – at least for his undergraduate work – Econ 101 was probably a required core course.

Since, clearly, we are not in a recession – defined as two consecutive quarters of negative growth in GDP – and since, clearly, the vaunted and expensive team of advisors to The Truth and The Light must know that we haven’t had a single quarter of negative growth in GDP, then he must be lying to achieve his political goals.

I don’t believe that this represents change that anyone can believe in, but rather, a pretty clear picture of how Chicago works … or doesn’t.

Oh, and the tax cut part is too ridiculous to comment on.

Jaibones on September 8, 2008 at 10:53 AM

What recession?

This guy is an idiot.

alteredbeat on September 8, 2008 at 10:53 AM

It’s official.

BO is in way over his head and his pay grade. So many of his positions to get the dem nomination lie in stark contrast to his positions for POTUS.

This is what McCain would call a target rich environment.

swami on September 8, 2008 at 10:54 AM

Somebody ask him what the definition of a recession is, please. He doesn’t have a clue about economics.

PappaMac on September 8, 2008 at 10:54 AM

Somewhere right now, Sean Penn is crying thru his Bong-Water!

BWAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHH!

Dale in Atlanta on September 8, 2008 at 10:46 AM

Isn’t Penn supporting Nader this time around?

Vyce on September 8, 2008 at 10:54 AM

LastRick on September 8, 2008 at 10:49 AM

Thank you sir.

GreatGatsby on September 8, 2008 at 10:54 AM

Obama says tax hikes may be a bad idea. Just not a really bad idea.

coffee260 on September 8, 2008 at 10:55 AM

Jaibones on September 8, 2008 at 10:53 AM

Bingo. The only question worth asking here is:

Is Obama lying about being in a recession, is he using this false premise as an excuse to PRETEND he doesn’t intend to raise taxes, or is he simply too stupid to know what a recession actually *is*?

… or does it all depend on what the meaning of the word “is” is?

kiltedscotsman5 on September 8, 2008 at 10:55 AM

I wonder how Olberman and the Kos kids will spin this one!

Ha! Wonderful, the track to the center will antagonize his most devoted followers!

DanStark on September 8, 2008 at 10:56 AM

So Obama “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”. but ““Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”

Huh?

ctmom on September 8, 2008 at 10:48 AM

The GREATEST RHETORICAL DUELIST to ever graduate from Harvard law just admitted allowing the Bush tax cuts to expire is a defacto tax hike. He is also trying to sell the idea that targeting the “new tax cuts”(just like the ones Beijing Bill gave in 1993 which is to say ‘none’)putting cash in the hands of lower income citizens who need that money for slight gain in daily living will prime the economy better than allowing the middle class and wealthy to have more venture capital. This is akin to saying that giving my son to buy a cookie with all the inherent mark-ups makes more sense than giving me the same money to buy base ingredients and bake my own.

It is a follish waste of resources and stifles the entrepenurial bent of innovation.

sven10077 on September 8, 2008 at 10:56 AM

As many have said, from Friedman to Boortz, there are no corporate taxes. They will be directly, or indirectly, passed on to customers in the form of higher prices. The economic geniuses in the Democratic party seldom wish to highlight that point in their populist war against evil corporations.

Laserjock on September 8, 2008 at 10:56 AM

Obama has become a parody of himself. Maybe he should take the advice of John Kerry from an SNL skit during the 2004 campaign.

5-15-04 Hardball Skit

John Kerry: Thanks for having me, Chris.

Chris Matthews: Nice work Kerry, zero to boring in 1.8 seconds. Senator, the Bush administration is clearly suffering from the scandal, how do you plan to address this?

John Kerry:
Actually Chris, I’m not going to say anything.

Chris Matthews: Taking the high road, huh, not gonna talk about the scandal?

John Kerry: No, I’m not going to say anything; at all; about anything. See Chris, whenever I talk, my approval rating plummets. When I shut my mouth, and just let Bush screw up, people love me. I’ve realized something very important, Chris: I am incredibly looong-winded.

Dr.Cwac.Cwac on September 8, 2008 at 10:56 AM

but his spending plans now have no revenue

Maybe his “world citizens” will take up a collection.

Mr_Magoo on September 8, 2008 at 10:56 AM

BO’s definition of recession…

When unskilled union laborers lose their jobs due to competition that teaches an uneducated 18 year old on their first job to do the same thing for half the wage.

swami on September 8, 2008 at 10:57 AM

Well, he must be qualified to have an opinion. After all, he was offered all those high paying Wall Street jobs after graduating with a degree in government. I am still trying to find out which Wall Street companies offered him jobs? A government major working on Wall Street? Harvard lawyer, yes. But that was AFTER the Organizer job. Which companies offered him those jobs?

flyoverland on September 8, 2008 at 10:42 AM

Indeed. If Sarah’cuda had made such a claim, the MSM would have pulled journalists out of Georgia to “investigate.”

davidk on September 8, 2008 at 10:57 AM

Al Sharpton is getting his best suit cleaned and pressed. “I’m still available AND I’m a community organizer too”.

Bishop on September 8, 2008 at 10:58 AM

OODA.

Obama is on the defensive.

theblakeus on September 8, 2008 at 10:58 AM

Yup, the Presidency is definately above your pay grade, Barak Hussein.

stenwin77 on September 8, 2008 at 10:59 AM

I could see Nader outpolling Obama in some states.

MarkTheGreat on September 8, 2008 at 10:59 AM

Bambi=New American Centrist

Over.

1GooDDaDDy on September 8, 2008 at 10:59 AM

His taxes on the rich? Yeah, those are taxes on small business.

25.8 million small businesses in the USA
Responsible for 60-80% of new job creation

Small business owners report profits as income on personal income taxes

BHO wants to raise taxes on those making $250k per year ergo he wants to raise taxes on small business owners. Smooth move, Ace.

Dr.Cwac.Cwac on September 8, 2008 at 11:00 AM

Voters have begun to realize that Obama is making it up as he goes along.

Somebody better brief Biden. He may begin thinking Obama has joined the McCain/Palin ticket.

BacaDog on September 8, 2008 at 11:00 AM

McCain’s gonna have to hire more staff to write all this stuff down! The debates loom as a long three nights of ers and uhs for the big O. Oprah will be crying her eyelashes off – but not in a good way.

Mr_Magoo on September 8, 2008 at 11:00 AM

BO’s definition of recession…

When unskilled union laborers lose their jobs due to competition that teaches an uneducated 18 year old on their first job to do the same thing for half the wage.

swami on September 8, 2008 at 10:57 AM

We need to make sure American widget bolters are the best paid widget bolters in the worl….hey uh where are you uhm taking that plant?

GM-Exec-to our new Shanghai factory.

sven10077 on September 8, 2008 at 11:01 AM

Um, Didn’t he just admit that McCain is right???

And Bush.

LOL.

ex-Democrat on September 8, 2008 at 11:01 AM

Somewhere right now, John Kerry is laughing, knowing that there’s a new waffler in town.

thekingtut on September 8, 2008 at 11:01 AM

If Obama himself says he wont implement his economic plan due to a recession then why would it be a good idea any other time?

Yakko77 on September 8, 2008 at 11:01 AM

Um, Didn’t he just admit that McCain is right???

stenwin77 on September 8, 2008 at 10:38 AM

Obama will never admit that McCain is right about taxes . . . or anything else. He can’t.

Obama can’t admit McCain was right about the surge, and Obama was wrong.

Obama can’t admit McCain was right about the Russian invasion of Georgia, and Obama was wrong.

Obama can’t admit McCain is right about corrupt practices like earmarks, and Obama is wrong.

Obama’s entire argument for being president is that, despite his lack of experience and qualifications for the job, he should be elected because he has the superior “judgment to lead.” If Obama admits that his judgment on taxes, the surge, Russia, earmarks, etc., is wrong, then he’s admitting that his only qualification for president — his superior “judgment” — doesn’t exist.

AZCoyote on September 8, 2008 at 11:01 AM

“… if the economy is in a recession…”

Which is not likely, thus Obama’s entire statement is a red herring, and HotAir is helping him fool people into thinking he’s changed his tax plan to assuage independent voters.

Great work guys!

Seixon on September 8, 2008 at 11:02 AM

I wonder if BHO will shift campaign strategy and draw upon his community organizer skills (aka whipping the malcontents and leeches of society into a frenzy)?

Dr.Cwac.Cwac on September 8, 2008 at 11:02 AM

I’ve stated it a few times as a joke, but it seems that I may be right: The Democrats want to lose in November, and are doing all they can to shoot themselves in the foot while talking about winning.
Having taken Congress and utterly ….messed….up, they’ve decided to vacate and allow the Republicans to be in charge so that they can continue to throw brickbats from their moral high ground. Democrats are in a dysfunctional relationship with Republicans, and “don’t know how to quit them”.
This is what happens to a political party when the John Kennedys die and the Ted Kennedys remain, when the William Proxmires retire, and the Nancy Pelosis lead the party.

Doug on September 8, 2008 at 11:02 AM

Pretty soon Obama will vote with Bush more thann McCain does.

tomas on September 8, 2008 at 11:03 AM

Um, Didn’t he just admit that McCain is right???

stenwin77 on September 8, 2008 at 10:38 AM

Didn’t he just admit that McCain was right on the surge?

Instead of a flip-flop list maybe we need to keep track of a “McCain was right” list.

Dr.Cwac.Cwac on September 8, 2008 at 11:04 AM

If Obama himself says he wont implement his economic plan due to a recession then why would it be a good idea any other time?

Yakko77 on September 8, 2008 at 11:01 AM

From what I remember from my economics class, Keynes said you spend your way out of a recession to build up demand, and raise taxes in a boom to pay off the deficit.

Keljeck on September 8, 2008 at 11:04 AM

While Obama retools.

McCain/Palin refuels. reload.

coldwarrior on September 8, 2008 at 10:38 AM

Fixed it.

txdoc on September 8, 2008 at 11:04 AM

“… if the economy is in a recession…”

Which is not likely, thus Obama’s entire statement is a red herring, and HotAir is helping him fool people into thinking he’s changed his tax plan to assuage independent voters.

Great work guys!

Seixon on September 8, 2008 at 11:02 AM

er “no”….

The mockery of Barry has to do with the fact his ideas are all wrong period. Him admitting his plan is “not to be used in a recession” means he either acknowledges since his position is based on what the last 3-5 years that the economy is strong enough to bear his crap plan OR that he is all rhetoric and gets that to fix it he has to caucus with the evil Chimpy, Rove, and Darth Cheney…..

neither option makes him look “genius”.

sven10077 on September 8, 2008 at 11:04 AM

Obama: You know, tax hikes in a recession may be a bad idea

Profound conclusion Sherlock. When can we expect more insightful proclamations?

rplat on September 8, 2008 at 11:04 AM

LOL…

RCP just pulled PA from the leaning column to toss up.

Run, Barry, run!

Limerick on September 8, 2008 at 11:05 AM

OBAMA: JUDGMENT TO BLEED

This poser couldn’t win the election if we entered a freaking depression in October, that’s how bad the clouds on his own horizon are. “No matter how bad it is, Obama will somehow make it worse,” should be the theme of any commercials.

Sarah could just hold a press conference and explain her specific plan for bringing us out of the depression with the backing of McCain and Americans would rubber stamp it for her in the voting booth. Mandate for change baby.

econavenger on September 8, 2008 at 11:05 AM

From what I remember from my economics class, Keynes said you spend your way out of a recession to build up demand, and raise taxes in a boom to pay off the deficit.

Keljeck on September 8, 2008 at 11:04 AM

Keynes was such a smashing success that Jolly Ole’ went bankrupt.

sven10077 on September 8, 2008 at 11:05 AM

For you military guys, isn’t there a classic maneuver being executed here? Cut the supply lines and let attrition take it’s toll? Barry is short of ammo, food, fuel, and escape routes, plus his top NCO is a negative.

a capella on September 8, 2008 at 11:05 AM

Keynes was such a smashing success that Jolly Ole’ went bankrupt.

sven10077 on September 8, 2008 at 11:05 AM

Not saying Keynes was right, just saying that’s Obama’s mindset.

Or at least should be.

Keljeck on September 8, 2008 at 11:06 AM

Barack Obama voted to raise middle-class taxes in February.

This is the response to anything BO has to say about taxes.

Barack Obama voted to raise middle-class taxes in February.

Karl on September 8, 2008 at 11:07 AM

I think Obama has proposed more than 300 billion in new spending. His global poverty initiative details spending 865 billion over the course of 10 years. I never hear the MSM ask him how he’s going to pay it.

HalSandro on September 8, 2008 at 11:07 AM

“… if the economy is in a recession…”

Which is not likely, thus Obama’s entire statement is a red herring, and HotAir is helping him fool people into thinking he’s changed his tax plan to assuage independent voters.

Great work guys!

Seixon on September 8, 2008 at 11:02 AM

No. The point is that BHO is admitting that his economic ideas are recessionary in nature.

progressoverpeace on September 8, 2008 at 11:07 AM

He’s like a restaurant that is out of everything they have on the menu.

bloggless on September 8, 2008 at 11:08 AM

Many people have said this before, but Obama has been writing the RNC ads for them

Waterboy on September 8, 2008 at 11:09 AM

I think Obama has proposed more than 300 billion in new spending. His global poverty initiative details spending 865 billion over the course of 10 years. I never hear the MSM ask him how he’s going to pay it.

HalSandro on September 8, 2008 at 11:07 AM

I think you are leaving out Barry’s proposed “Civillian National Security Force” as funded as the US military….

That alone is a cool 600 billion to a tirllion depending on if you factor in Foggy Bottom’s spending on Iraq and ‘ghani as “military”……

Barry wants to add a trillion dollars to the budget.

sven10077 on September 8, 2008 at 11:10 AM

He’s like a restaurant that is out of everything they have on the menu.

bloggless on September 8, 2008 at 11:08 AM

Like this…

http://www.youtube.com/watch?v=B3KBuQHHKx0

kiltedscotsman5 on September 8, 2008 at 11:10 AM

Waterboy on September 8, 2008 at 11:09 AM –

We are inside his loop.

coldwarrior on September 8, 2008 at 11:10 AM

First of all, I think that we need not be so cynical about Obama’s statement. I for one applaud his sense of economic pragmatism. If he can see that economic policy is mostly a function of responding to economic reality, then there maybe hope that an Obama presidency doesn’t retreat into some sort of a liberal fantasy of tax and spend ideology.

What is interesting about this comment though is that he is still committed to letting the tax cuts expire in 2010, and I assume regardless of what the economic world looks like then. Second, I assume he is still committed to raising the capital gains tax, inheritance tax, as well as the windfall profits tax. Wouldn’t those taxes also slow down the economy? Here is how I wrote about it.

mike volpe on September 8, 2008 at 11:10 AM

He’s like a restaurant that is out of everything they have on the menu.

Ha. Reminds me of the Monty Python Cheese Shop sketch…

“Not much of a candidate, are you?”

“Best in the DNC, sir!”

Waterboy on September 8, 2008 at 11:10 AM

Ahead in the polls: McSame = 4 more years of Bush & Cheney.

Behind in the polls: O’Same = 4 more years of Bush & Cheney.

Change you can believe in. Judgment to follow the polls.

Loxodonta on September 8, 2008 at 11:11 AM

Want some Mrs. Butterworth’s with that waffle?

tru2tx on September 8, 2008 at 11:12 AM

I think you are leaving out Barry’s proposed “Civillian National Security Force” as funded as the US military….

That alone is a cool 600 billion to a tirllion depending on if you factor in Foggy Bottom’s spending on Iraq and ‘ghani as “military”……

Yes! I’ve thought about too! A civilizian security force would have, what, sidearms and basic transport or perhaps a very small airmobile component. 600+ billion!! This civilian security force would be able to number in the 10′s of millions! Police State! Facist! Facist!

Bugs Bunny voice: What an imbecile!

Waterboy on September 8, 2008 at 11:13 AM

This needs to be hammered on by McCain.
They say we can’t have 4 more years of Bush policy but well except this one thing here we might want to keep, oh and this one here we might want to keep.

Americans should be insulted by this pandering, say-anything noob!

HoosierCon on September 8, 2008 at 11:13 AM

Waterboy on September 8, 2008 at 11:10 AM

Beat you to it. :)

kiltedscotsman5 on September 8, 2008 at 11:13 AM

The thing is, he hasn’t promised not to do anything. He says “in a recession,” but as even Teh One must know, we ARE NOT in a recession! We have not even had one quarter of negative growth, much less the three consecutive quarters that are the very definition of a “recession.”

kiltedscotsman5 on September 8, 2008 at 10:44 AM

If this point comes up in the debate and Obama uses it to argue that he can still repeal the tax cuts, I’d like to hear McCain say,

“So, Sen. Obama, you ackowledge that our economy has avoided recession even during difficult times. Would you go far enough to say that the fundamentals of our economy are strong?”

BadgerHawk on September 8, 2008 at 11:14 AM

Barry’s new “security force” in detail and vanishing act highlighted

The guy is slimy.

sven10077 on September 8, 2008 at 11:14 AM

A bit OT but the latest NOAA Ike track has it headed for refinery row and Galveston. Fill your tanks before Friday.
Barry and Biden will make sure it is all McCain’s fault.

Limerick on September 8, 2008 at 11:14 AM

Comment pages: 1 2 3