Obama May not Recind the Bush Tax cuts

I guess one of his economic advisors finally told him that raising taxes during a recession creates a depression.

Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

So at least we have until 2011 before the Bush tax cuts actually expire. Obama won't make them permanent but at least we have 3 years for the economy to improve. He is going forward with the $500 tax cut ($1000 for families) for middle income Americans and we might get another stimulus package out of the Dem Congress. Maybe a Carter second term will be delayed until at least 2011.