Liar in Chief :
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills," Obama said.
"Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next five years," he said, adding,"Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
In August 2009, on a visit to Elkhart, Indiana to tout his stimulus plan, Obama sat down for an interview with NBC’s Chuck Todd, and was conveyed a simple request from Elkhart resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.”
Obama agreed with Ferguson’s premise – raising taxes in a recession is a bad idea. “First of all, he’s right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession.We haven’t raised taxes in a recession.”
By DAVID KERLEY ( @David_Kerley) and MARY BRUCE ( @marykbruce)
WASHINGTON, Dec. 5, 2010
President Obama appears poised to break one of his biggest campaign promises and agree to extend tax cuts to all Americans, not just those who make $250,000 or less, something Republicans have been demanding for months.
Barack Obama breaks first campaign promise by dropping oil taxPresident-Elect Barack Obama has broken his first campaign promise by quietly dropping a profits windfall tax on oil companies that he promised on the campaign trail.
By Alex Spillius in Washington
6:46PM GMT 04 Dec 2008
During the campaign, Mr Obama repeatedly promised to submit oil and gas companies to a profits windfall tax, citing the disparity between their huge profits and the struggles of ordinary Americans. |
