The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.
Barack ObamaThe American story has never been about things coming easy. It has been about rising to the moment when the moment is hard. About rejecting panicked division for purposeful unity. About seeing a mountaintop from the deepest valley. That is why we remember that some of the most famous words ever spoken by an American came from a president who took office in a time of turmoil: "The only thing we have to fear is fear itself.
Barack ObamaI think that we've had an economy that's been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one.
Barack ObamaThe government of Libya announced the death of Moammar Gadhafi. This marks the end of a long and painful chapter for the people of Libya, who now have the opportunity to determine their own destiny in a new and democratic Libya. The Gadhafi regime ruled the Libyan people with an iron fist. The enormous potential of the Libyan people was held back and terror was used as a political weapon. The last major regime strongholds have fallen. The new government is consolidating the control over the country. And one of the world's longest-serving dictators is no more.
Barack Obama