IMO Obama knows crap about how the economy works and we are in big trouble. In an interview with Bloomberg's Julianna Goldman, President Barack Obama stated, "I think America is poised to take off." The main obstacle, in Obama's mind, however, is political dysfunction. "We're seeing pretty strong consumer confidence, despite weaknesses in Europe and even in Asia. I think America is poised to take off. And the question is, let's make sure that we don't have a self-inflicted wound, because there are a lot of silly games played up on Capitol Hill," Obama told Goldman. The interview focused mainly on the economy. Obama pushed for tax hikes. "So what I'm going to need, what the country needs, what the business community needs, in order to get to where we need to be, is an acknowledgment that folks like me can afford to pay a little bit higher rate. If we combine that with a tax reform process and entitlement reform, then we can get to a $4 trillion deficit reduction package that actually helps our economy grow, rather than weakens our economy, either in the short term or in the long term," said Obama. http://www.weeklystandard.com/blogs/obama-america-poised-take_665030.html
Finally, he consults with some experts on economic and tax issues. Obama Consults with MSNBC Hosts Sharpton, Maddow on Tax Rates