Can You Believe Anything Obama Says?

"We should reduce the tax burden on working people. The middle class...needs a government that is working to create jobs and opportunity."

This was President Obama on April 15 reinforcing his pledge to not raise taxes on the middle class, and to focus on job creation.

But on Sunday, Obama's advisors began laying the groundwork for a middle class tax hike that will end up killing more jobs.

Failing to defend President Obama's pledge not to raise middle class taxes, White House economist Larry Summers said "it is never a good idea to absolutely rule things out no matter what." This was echoed by Treasury Secretary Geithner, saying the administration is "going to have to do what it takes" to decrease the deficit.

The White House has begun to backtrack, but their determination to pass a $1 trillion healthcare bill and a $1 trillion energy tax that will affect every American makes it pretty clear how unconcerned they really are with raising taxes on the middle class. With almost 10% unemployment, this doesn't seem to be the right time to start thinking about raising taxes.