Joe Steel
Class Warrior
When did Obama ever get a significant tax increase on the rich to fund stimulus programs?
He sure got a $1 trillion dollar stimulus. The result was the slowest recovery since the Great Depression. I fail to understand how piling a huge tax increase on top of that would improve the situation.
The stimulus was a one-time program funded by borrowing. While it wasn't anywhere near big enough to stop the recession, it prevented it from becoming another depression. Had it been a long-term relief program funded by higher taxes, the economy would be booming now.