Obama's 2nd Mis-step

FoxNews Report-President-elect Barack Obama unveiled key elements of his blueprint for turning around the economy -- and the team tasked with making it work -- including a massive stimulus package and tax cuts for a "vast majority" of Americans paid for by the nation's "wealthiest."
Against a backdrop of increasing calls for him to establish a viable economic rescue plan well before he takes office on Jan. 20, Obama said reforms in Washington will be needed to create a "sustainable economy," including larger contributions from taxpayers earning more than $250,000 per year.
"We've got to restore some balance to our tax code and the Bush tax cuts were disproportionately targeted to the very wealthiest Americans -- those who were making more than a quarter million dollars a year can afford to pay a little more," the president-elect said.

The beginning  of the above Fox News report makes it clear that you can kiss any economic recovery goodbye as of now.  At no time in the history of this country has a tax increase resulted in higher tax revenues or economic growth.  It has always, ALWAYS, lead to a downturn, and if we are in a recession it prolongs and makes it worse.  So as conservatives said, I SAID, Obama is going to put socialist beliefs systems ahead of what works.  I repeat look at what Bill CLinton did.  HE CUT TAXES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  People who make 250K are the people who hire people, so you bet your 1st born they are not going to be able to hire people with more money out of thier pocket.  People who do not understand this, do not understand basic economics.  This like ECON 101 here.  What is it he does not get.  Oh, I forgot, he does get it.  He just does not care.  He believes that a business owner that works thier butts off to make a successful business is unfairly compensated over a person that decides to remain an employee. 

Well, as the subject line states.  Mis-step number 2.  I wonder how many he will have to make before people admit they made the wrong choice.