Originally Posted by Villages Kahuna

During the 2009 debate about extending the Bush tax cuts, President Obama supported the two-year extension (actually it was "traded" for political support for something the Democrats wanted, as I recall). At the time he said, "...you don't increase taxes during a recession."

Now, as Congress begins to consider what to do about the sunsetting of those same cuts at the end of the year, the president is saying that he's in favor of extending the cuts for all but the top wage earners. In fact, he's said he will veto any bill that does not include additional income taxes on the most wealthy Americans. I believe it was he CBO who's projected that this would effect about 940,000 tax payers.

So what's happening here?

Has the economy improved to the point that a small tax increase is justified for those that cleary can afford it? Has he POTUS given up on the private sector, who's sitting on over $2 trillion in cash and not investing, creating new jobs, etc.? Do you think this is just an excuse for "income redistribution"? Is the change in position just the result of politics, defining the differences with Romney for the upcoming election? Or is President Obama simply a bald-faced liar?

What do you think?