Honestly I didn't think I read this right, but....I did.
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.
and even further:
Even if we're still in a recession, I'm going to go through with my tax cuts
This is trickle upon economics, a supply-side Reagan philosophy that is not proven to work. Where is it written that running these budget deficits and giving tax cuts to the super rich helps the economy?
Their own Congressional Budget Office has said these tax cuts failed to stimulate the economy.
The short-term effects of EGTRRA and JGTRRA in stimulating aggregate demand in the economy have largely dissipated by now, and the supply-side effects of those policies are uncertain but are probably small
Even The Street is pointing out this could trash the US dollar, due to the deficits:
That brings us back to the real issue being played out in the global markets for U.S. debt and for the dollar. If politicians make all these promises to buy our votes, what is the ultimate cost, and how do we fund it? Do we print more dollars to pay off the political supporters, and destroy the value of the currency? Or do we go hat in hand to global central banks, hoping they'll lend us money by purchasing our debt?
Where in any recession economy mode is it written that not rescinding the Bush tax cuts would help in anyway?