Bill Cutshall’s Weblog

December 12, 2008

Good is Good, Bad is Bad

Filed under: Economics,Politics — billcutshall @ 6:43 pm
Tags: , ,

Good is good and bad is bad.

Or is it?

During his presidential campaign Barak Obama hit hard on the fact that he would raise taxes on the wealthiest Americans.  He campaigned on the idea that everyone should pay their fair share and wealthy Americans weren’t doing that.  Now he seems to be retreating from that position stating that in these hard economic times a tax increase on the wealthy would have a negative effect on the economy.

Here is an article on Reuters.com to that effect.

I have to wonder how something that is a bad thing in tough times can be the right thing to do in good times.

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