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Topic: Budget battle debut: Top Obama officials defend tax hikes
Fanta46's photo
Wed 03/04/09 09:09 PM


oh well, let's see what happens. it looks like it's going to happen so we will definitely see. just put me on the record for saying that i think this is a bad decision.


I'll take that stance as well. And to take it a step further, I'll say that unemployment will rise because of it and the actual incomes will fall year over year as a result of those falling out of those brackets from said hikes.

I'm pretty sure that I may be on the chopping block thanks to this hike as well as the dumbass ideas that came out of Sacramento last month. We're barely keeping it together and bringing in almost a million a year in the recession (but still losing money in the end due to taxes, workman's comp, etc) will now have to pay more taxes and get to deduct less. Someone's getting cut soon and I'm glad I'm the only one that can't be replaced right now (because I actually bettered myself and can do literally every job in the building instead of relying on mommy union like too many others). My only worry is if it gets so bad we have to close the doors.


Taking that stance is all any of us can do Andrew.
The damage you feel is not from Obama though.
His tax hikes wont take place until 2011. The damage you feel was done before Obama took office.
When Bush left office his economic team forecast the economy would only shrink by 3.2% in the fourth quarter. This after numerous rosy pictures were painted in the first, second, and third quarters. Hell, Gramm had just said last summer that it was a mental recession and we should all quit whining.
Well guess what? The economy shrank by 6.2% in the fourth quarter of 2008 and before Obama could even be sworn in, we lost over 600 thousand jobs in Jan.

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