Video: Either Obama was Lying or he Believes we're not in a Recession

It wasn't that long ago that the debate over the debt ceiling was the top headline. Remember how everyone settled on deficit reduction numbers over the next ten years? The Tea Party didn't want to go along with it but enough House members caved to get it done. Barack Obama's new plan almost perfectly illustrates the problem. He wants to reduce increases in deficit spending (note, he doesn't want to reduce spending, just increases in additional spending) by raising taxes to the tune of $1.5 trillion. There is a very basic economic tenet which says you don't raise taxes in a recession. As recently as August of 2009, Barack Obama himself espoused this principle.

Via Breitbart:



Ok, so for Obama to want to raise taxes, he must believe we are not in a recession, right?

Via the AP:

WASHINGTON (AP) -- President Barack Obama's proposal to reduce long-term deficits with $1.5 trillion in new taxes is less an opening bid in a negotiation than it is an opening salvo in a struggle to draw sharp contrasts with congressional Republicans.

Obama's proposal is aimed predominantly at the wealthy and comes just days after House Speaker John Boehner ruled out tax increases to lower deficits. It also comes amid a clamor in his own Democratic Party for Obama to take a tougher stance against Republicans. And while the plan stands little chance of passing Congress, its populist pitch is one that the White House believes the public can support.

The core of the president's plan totals just more than $2 trillion in deficit reduction over 10 years. It combines the new taxes with $580 billion in cuts to mandatory benefit programs, including $248 billion from Medicare.

So, which is it, Mr. Obama?

Were you lying in 2009 (that's a shocker) or do you believe we're not in a recession now? If it's the latter, don't tell the Congressional Black Caucus. They're already mad at you for the high unemployment among the black community. Say, doesn't that mean we're in a recession?

More Here.