IBD shows BHO wrong on taxes & economy

Obama wrong on incomes, taxes, economic development

EXCERPTS

“President-elect Barack Obama argues big tax hikes on the rich are needed in part to help redress the growing wealth gap in America. Unfortunately, that argument doesn’t pan out when you look at the data.

“Incomes for the poorest one-fifth of all earners have grown on average 3.9% a year since 1994. Meanwhile, those in the middle three-fifths of incomes — broadly speaking, the middle class — have grown by 3.4% to 3.6% a year. Incomes grew after inflation, too. So it’s simply wrong to say there was no growth.”

Advertisements

One Response to IBD shows BHO wrong on taxes & economy

  1. Allan Erickson says:

    http://townhall.com/columnists/JohnStossel/2008/12/10/do_worry_about_the_deficit

    As Roosevelt’s treasury secretary noted, “After eight years of this administration we have just as much unemployment as when we started.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: