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View Diary: NY Times reporter asks President question that NY Times deems not newsworthy (116 comments)

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  •  I'm not sure I'd agree on the taxes (4+ / 0-)
    Recommended by:
    A Siegel, elwior, Lujane, caul

    Some economists will argue we shouldn't raise taxes on the majority, but I'm not sure that Obama or most economists would agree.  If we can lower debt, increase investment with great returns, then we can absorb the lower consumer spending, Indeed, if it means lots of new jobs, consumer spending would be likely to rise.

    What I would say is that Obama would agree that it's bad politics to raise taxes on the majority. On the economics of it, I  wouldn't presume to speak for him.

    Coming Soon -- to an Internet connection near you: Armisticeproject.org

    by FischFry on Wed Nov 14, 2012 at 04:16:13 PM PST

    [ Parent ]

    •  true I can't speak for Obama (6+ / 0-)

      on anything.  His public position is the middle class keeps the tax cuts, he lowered the SS withholding as a form of economic stimulus.  What he believes going forward I don't know.

      Obviously with good job growth, consumer spending will rise.  But what short term prospects do we have to get beyond the barely enough rather than robust job growth we have now.  We either come up with further stimulus for infrastructure, or we wait a years for the job market to fully rebound.

      CBO produced a gloomy report:

      http://www.reuters.com/...

      They could be wrong.  We need short term and long term plans to address the economy.

      I don't think addressing climate change should just wait around, but I think the success and attention it gets will depend on some economic issues being won, either politically, or because more robust growth and employment occurs.

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