Explain how raising taxes on anyone during a deep recession is going to help with the economy.
Barack answered that it would be a mistake to raise taxes at that time. He said that it would cost jobs:
Well, first of all, he is right. Normally, you don't raise taxes in a recession, which is why we haven't and why we have instead cut taxes. So I guess what I would say to Scott is his economics are right, you don't raise taxes in a recession. We haven't raised taxes in a recession. ...
...So he is absolutely right, the last thing you want to do is to raise taxes in the middle of a recession because that would just suck up — take more demand out of the economy and put businesses in a further hole.
Huh.
That was August of 2009.
What changed?