You can't have it both ways.
After he said this he now wants to raise taxes by 1.5 trillion. The only bone of contention; are we or are we not in a recession?
Recession defined is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
However, U.S. real gross domestic product increased at an annual rate of 1.0 percent in the second quarter of 2011, that is, from the first quarter to the second quarter. In the first quarter, real GDP increased 0.4 percent.
So technically, by a hair, we are not in a recession. But by raising taxes in this environment is tantamount to visiting your sick uncle in the hospital on life support after a heart attack and asking him if he would like to join you for a 10K run.
His catchphrase bullshit about millionaires and billionaires...fairness... and shared sacrifice is just that --bullshit.
Just once I would like a reporter to ask.
Mr President how is it 47% of all Americans who earn a living pay no income tax whatsoever? Explain to me how that is fair?
How could someone who has never run a business conduct the business of government?
