Really?? Raise taxes on the poor. That's your solution? Not even the most far right congressperson would propose that. Raising taxes on the poor wouldn't result in that much more revenue. People in that situation live day to day and I know that because Ive seen it first hand. The only thing that raising taxes on poor people would do is put more people on the streets.DangerBoy wrote:Yes, it did. 52 straight weeks of job growth and steady expansion from 2003 - 2007. But let's assume you're right. Then maybe we should have raised taxes on the poor and we wouldn't be in this mess.Iliad wrote:But the economy turned out so well!DangerBoy wrote:ritz627 wrote:Presidents Clinton and Bush pushed through a series of tax changes — credits, lower rates, higher exemptions — that slashed income taxes for poor and middle-class families. A drop in income now can trigger big tax breaks and sharply lower rates, sometimes falling to zero.
Wait, I thought George W. Bush hated the poor.
Dear Liberals, please stop complaining about George W. Bush and tax cuts!
And btw, do you even have the slightest idea as to how this recession began?? It happened because banks were making bad loans that they knew people couldn't pay off. There was a lack of regulation on wall street and people got greedy. It wasnt from taxes.
You also have to understand that there are lags in the effects of economic policy. To make the claim the Obama is at fault for this is insane. Claiming that just shows a lack of knowledge in economic principles, and the cause of the recession itself. The recession began right at the beginning of Obama's term. It would take some very major immediate changes for Obama to cause that. But in fact Obama really didn't change much economically compared to Bush when he first came in.

