How will President Obama fix the economy besides raising taxes on the rich, mid. class, and the oil companies?

Why do democrats always think more taxes are the answer? I'm taxed nearly to death already and there are people down the street from me on welfare driving Escalades. How is that fair? Doesn't he realize that when you tax corporations they just pass it on to the consumer?How will President Obama fix the economy besides raising taxes on the rich, mid. class, and the oil companies?
He can't. Jimmy Carter tried raising taxes during a bad economic spell. We all know about the economic disaster it caused.





Also, Chi doesn't understand economics. The lower dollar is helping the economy, not hurting it. The weak dollar is it has prevented many joblosses and it has caused economic growth to be higher than predicted. This is the first time since 1947 that there has not been economic contraction during a bad economic spell.





A falling dollar actually helps America's business, not hurts it. Japan is thinking about selling off its yen to boost the value of the dollar so Japan can sell more Japanese cars in the U.S..





';A recession without contraction?';


';That hasn't happened since the government began tracking quarterly growth of gross domestic product (GDP) in 1947';


http://seattletimes.nwsource.com/html/bu鈥?/a>





Big Pharmaceutical, biotech earnings aided by weak U.S. dollar - Jan. 25, 2008


http://money.cnn.tv/2008/01/25/news/comp鈥?/a>





Catching the falling dollar...that's great news for many small U.S. companies


http://money.cnn.com/2007/11/06/smbusine鈥?/a>





Weak dollar is good for Boeing.


';Weak Dollar, Weak Airbus Profits';


http://www.businessweek.com/globalbiz/co鈥?/a>





5 stocks to profit from a weak dollar - MSN Money


http://articles.moneycentral.msn.com/Inv鈥?/a>





Strong [Australian] dollar strangling company profits - ABC News


http://www.abc.net.au/news/stories/2008/鈥?/a>





Weak dollar could equal strong returns for some investments - Dec 2007


http://money.cnn.com/2004/12/07/markets/鈥?/a>





Procter %26amp; Gamble [soap, shampoo, Gilette, Duracell, pampers, cosmetics, etc], Colgate, Avon hold up thanks to weak dollar - BloggingStocks


http://www.bloggingstocks.com/2007/10/30鈥?/a>





Weak dollar boosts McDonald's 3Q profits - USATODAY.com


http://www.usatoday.com/community/utils/鈥?/a>





Weak dollar boosts Disney park profits - Telegraph


http://www.telegraph.co.uk/money/main.jh鈥?/a>





Why Do People Keep Thinking A Weak Dollar Is A Disaster?


http://answers.yahoo.com/question/index;鈥?/a>





China Is Against Free Trade. What Should Be Done About Its Protectionism?


http://answers.yahoo.com/question/index?鈥?/a>





';Japan sold the yen on the four occasions since 1995 when the currency approached 100 to support exporters including Toyota, the world's second-biggest automaker.'; ...


';A gain of 1 yen against the dollar cuts Toyota's annual operating profit by 35 billion yen, according to the automaker.'; -Bloomberg newsHow will President Obama fix the economy besides raising taxes on the rich, mid. class, and the oil companies?
But Chi, McCain supports both the tax cuts and an end to the wasteful spending which is what has devalued the dollar.





The two factors (taxes and dollar) are not unrelated. When tax rates are reduced, the economy can reinvest more of its own earnings, thus requires less - or no - government infusion of money. Demand for dollars grows while there is no ';need'; to overgrow the supply of money.





That is what happened in the 1980s. If Reagan hadn't cut tax rates, Volcker's money supply tightening would have produced a far deeper and longer recession.
Exactly how is McSame going to fix it? By leaving it as is?





Isn't this the reason WHY we are in this mess in the first place? Bill Clinton balanced the budget. Why did bush destroy it? bush continues to spend money on a war that wasn't needed? Are you blaming bush for your taxes, or are you praising him for giving us that extra money that we HAVE TO PAY BACK LATER?





Bill Clinton fixed the economy BY raising taxes on the wealthier people, and had a surplus. bush turned around and gave it back. Was that smart thinking on his part? NO, and again...





...this is why we are in the position we are in.





EDIT: Since when is a lower rated DOLLAR helped this country. When it was low, it was in 1929. That was the DEPRESSION. As always, get a clue bush family member...
Well he did promise to take the profits from companies (since I assume he thinks he can use them more wisely)





Of course that will mean job cuts but liberals should be happy after all Obama plans to use those stolen proceeds in a good manner


http://elections.foxnews.com/2008/06/03/鈥?/a>
The democrats are socialists. Total government control of all things, including our paychecks. But when everyone decides to take the free ride, no one is left to push the bus. It's not going to be pretty.
By Taxing.. oh you already said that...
Well, unless he magically makes a few billion dollars appear out of the clear blue (which some cultists think he can do), he WILL raise our taxes!
Obama,Obama it is time for generation X
ask his supporters i bet you they dont know.