Obama is rethinking raising taxes in a down economy. What does that say about the effect of high taxes on the economic growth rate?
by 
Someguy
ANSWERS: 4
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JFK and Reagan proved that lower taxes in a down economy leaves more money circulating in the economy. It's simple economics.
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Someone like Obama who is clueless about how economies work rethinking their fundamentally flawed plan says nothing at all about the known effect of high taxes stifling growth. At best, it shows that Obama is a very slow learner and quite clueless about the negative impacts of his Marxists ideals. While it's possibly good that he woke up a little and is acting like he's considering changing a decision that was in gross error in the first place, it's hardly enough to make him a sane choice for any country that values individual freedom and responsibility.
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Barry O or Obamanation is supporting the democrats bailout plan! After you have already spent 400 billion and then to offer another 700 billion you have no other choice but to raise taxes on everyone by HUGE amounts!
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Wall St ended down 5 pct (Wed after election)as economics eclipses Obama's win. There's a big difference between theory and practice.
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