Obama admits he was wrong on taxes, Obama learning from Bush, McCain, Obama admits taxing wealthy hurts economy, Obama weak on economics

“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.”  Fox News

Barack Obama, who in the debate with Hillary Clinton revealed his ignorance of economics and tax changes impact, has basically admitted he was wrong about taxing the so called wealthy. According to The Tax Policy Center, Obama has planned to raise taxes on small businesses that make more than $250,000. Small businesses employ the most people in this country. They are already taxed to death. Raise taxes on small businesses and unemployment will skyrocket. 

Read more about this story here:

http://www.foxnews.com/wires/2008Sep07/0,4670,Obama,00.html

16 responses to “Obama admits he was wrong on taxes, Obama learning from Bush, McCain, Obama admits taxing wealthy hurts economy, Obama weak on economics

  1. OK. I am speechless.

  2. LOL, at least he’s a learning computer. Let’s see what his position is next week.

  3. Ditto , as in I am speechless too. But apparently we are not alone. Look at the latest USA/Gallop poll:

    http://www.usatoday.com/news/politics/election2008/2008-09-07-poll_N.htm

    McCain ahead by 10 points….yup 10.

  4. goodtimepolitics's avatar goodtimepolitics

    Is there any issues that Obama has not flipped on? He also had a slip of the tongue and make a statement “My Muslim faith” after the reporter corrected him he changed his statement and only after being corrected!

  5. I haven’t heard anyone from any cable or msm network, mention this yet today… including FOX.

    I did hear about the nice BUMP in the polls, and CNBC reported this morning that NOT ONE NEWSPAPER IS CARRYING THIS STORY. And that’s the truth.

  6. No surprise that US Senator Barack Obama continues to flip-flop on the grave issues facing our nation, ’cause until he can acknowledge Mr. Sinclair he will continue to ignore reality in other areas of his life as well. And that’s okay as it’s a personal decision for him to make; just don’t bring a whole nation down with him while he determines what’s real and what’s not.

    http://clearblogs.com/larry/

  7. ANY BABYBOOMER GETTING READY TO RETIRE, OR RECENTLY RETIRED, WILL BE AFFECTED HEAVILY BY A CAPITAL GAINS TAX!!

    MCCAIN/PALIN NEED TO BRING THIS TAX ISSUE DOWN TO THE PEOPLE. (instead of letting BO keep it at the “rich & corporate level”).

    RIGHT NOW, BOOMER’S MAKE UP A HEFTY NUMBER IN OUR POPULATION!!

    Home values falling AND an increase on capital gains is a double-whammy… for ANY American family.

    Many retirees, and those close to it are looking to down-size, sell the homestead and buy a new one (in warmer climate?)…. Live the American Retirement Dream.

    Every time they diversify their investments and portfolio (buy/sell a home and/or change the face of their investments) – each transaction will result in MORE TAX… UNDER OBAMA.

    The solution? (under BO), STAY PUT… DON’T SELL… DON’T BUY… creating a more stagnant market.

    FORGET about buying a small home to lease-out to make your money work for you in other ways, FORGET about buying a piece of vacant land… investing in your future…. or starting a small business…. You will be labelled RICH and be TAXED until you die… and then, TAXED more, AFTER you die.

    Anyone who owns ANYTHING will be taxed MORE if the Bush Tax Cuts are not extended and made permanent.

    THIS is what needs to be driven home to those Undecided American voters.

    Local Lawn Service TWO man operation, Nurses, people on disability, One PERSON Maid Services, Hairdresser’s…. I personally know people in all of these fields who either own stocks/mutual funds, vacant land and rental property…. because they worked hard, saved and invested in future opportunies.

    They pay income taxes, county taxes, city taxes, state taxes, sales taxes, license taxes, business taxes… and any other new excuse for a tax that the government throws at them.

    They should be rewarded, not penalized.

  8. The media has been in control of the left for generations.

    J-student says having to take NYT to class is a drag
    PBS MediaShift
    “Every single journalism class at NYU has required me to bring the bulky newspaper,” writes Alana Taylor. “I don’t understand why they don’t let us access the online version, get our current events news from other outlets, or even use our NYTimes app on the iPhone. Bringing the New York Times pains me because I refuse to believe that it’s the only source for credible news or Pulitzer Prize-winning journalism and it’s a big waste of trees.”

  9. Obama’s house in on the market.

  10. Moving to Kenya? Indonesia? or, is he so arrogant he thinks he’s moving to the White House?

    SO HE’S GOING TO TAKE ADVANTAGE OF THE BUSH TAX CUTS???? BEFORE HE TAKES OFFICE???

    NO WONDER HE FLIP-FLOPPED!!

  11. we should flood his realtor with requests to view the home!

  12. Surprise! Mr.Biden takes credit for the success in Iraq!
    http://mypetjawa.mu.nu/archives/193993.php

  13. The NY Times reporting that MSNBC has dropped both Keith Olbermann and Chris Matthews in favor of David Gregory, YES!!!

    http://clearblogs.com/larry/

  14. Most of the TV news stations I watch are very biased toward Obama and I am tired of listening to Obama’s Cheer Leaders. I would like to hear the something about the corruption in Chicago and the Chicago Outfit which created Obama and all of Obama’s questionable friends … instead of about Governor Palin going moose hunting . I guess the people without computers will just have to go to the polls uninformed. Maybe I will print up some “Who is Obama” flyers and start putting them on car windows..

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