Obama had his chance and has failed to live up to the promises he made on the 2008 campaign trail and therefore cannot be trusted to run our country for another 4 yrs.
Let's look at a few broken promises that most people forgot.
Increase the capital gains and dividends taxes for higher-income taxpayers
Increase capital gains and dividends taxes from 15 to 20 percent for those making more than $250,000 (couples) or $200,000 (single)
Sources:
Obama campaign interviews with the Tax Policy Center
Child care tax credit still not refundable
Updated: Tuesday, December 29th, 2009 | By Angie Drobnic Holan
Barack Obama made several campaign pledges that were intended to give more money back to taxpayers with modest incomes. Part of this push would make certain tax credits refundable. This means that people who don't owe any taxes could get payments from the government. One of the elements of the economic stimulus package, for example, expanded refunds for tax credits for children.
But that's different from the promise we're looking at here. This promise was to expand and make refundable child care , such as babysitting or day care expenses.
We haven't found any proposals to expand and make refundable child care credits. In fact, guidance from the Internal Revenue Service for 2009 specifically states that the child care tax credit is not refundable. So we rate this promise Stalled.
Sources:
Internal Revenue Service, Publication 503: Child and Dependent Care Expenses , Dec. 10, 2009
Obama promised "he'd keep unemployment below 8 percent" if the stimulus passed.
Obama promised to create five million new energy jobs alone , claimed that by the end of his first term his health care plan would "bring down premiums by $2,500 for the typical family," and guaranteed that his financial rescue plan would help "stop foreclosures." As president-elect, Obama informed us that he had asked two of his top economic advisers, Christina Romer and Jared Bernstein, to conduct a "rigorous analysis" of his economic recovery plan. The report that he released predicted unemployment would not rise above 8 percent if the stimulus plan was passed. And in the first year of his presidency, Obama pledged to "cut the deficit we inherited in half by the end of my first term in office," "lift two million Americans from poverty," and "jolt our economy back to life."
The deficit was around $1.3 trillion the day Obama took office in the midst of the financial crisis; according to the Congressional Budget Office, in the current 2012 budget year, the deficit will be around $1.25 trillion. And a record 46 million Americans are now living in poverty.
As a candidate, for example, he said we were facing "the worst financial crisis since the Great Depression." As president-elect, Obama said we faced "a crisis unlike any we have seen in our lifetime."
Prior to being sworn in, Obama knew — in fact, he went out of his way to warn us — that we were shedding more than half a million jobs per month, the worst job loss in over three decades.
As a candidate, for example, he said we were facing "the worst financial crisis since the Great Depression." As president-elect, Obama said we faced "a crisis unlike any we have seen in our lifetime."
Prior to being sworn in, Obama knew — in fact, he went out of his way to warn us — that we were shedding more than half a million jobs per month, the worst job loss in over three decades.
