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2012/04/13

Obama Administration Approves Tax Cuts -- in China, We can't afford them in the US

-Perfect Liberal Logic. 

Robert Hormats
State Department Photo

"China lowered taxes very recently, which will help increase demand, but it’s also good to boost consumption in China. So I think what’s interesting is that – sure there are issues with China that I’ve mentioned, but I think a lot of the reform procedures that are going on in China are consistent with the kind of things that we think will be good for China and for the global system."  Bob Hormats, Undersecretary for the State Department.

21st Century Economic Statecraft -State Department:
Weasel Zippers » Blog Archive » Obama Admin Applauds Tax Cuts … In The People’s Republic of China…:

"Wait, so according to the Obama Administration, cutting taxes in China “will help increase demand, but it’s also good to boost consumption,” while cutting taxes in America “either…adds to our deficit, or we’re taking something away from somebody else.” It’s almost as if Hormats is pointing out the obvious economic benefits of a tax cut while Obama is completely ignoring those same benefits.

But, to what end? Why would the President do such a thing? Has he had any recent head trauma?"
The Obama Administration loves tax cuts….in China « Hot Air:

It’s an Obama World… Obama Administration Lauds Tax Cuts in China – While Pushing Tax Hikes Here at Home | The Gateway Pundit:

Obama Administration Supports Tax Cuts In China - Obama Administration - Fox Nation:
Obama Administration Applauds Tax Cuts—In People’s Republic of China | CNSNews.com:


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