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Obama Admits That Tax Cuts For The Rich Won’t Create Jobs
President Obama was on NPR’s Morning Edition Friday discussing the compromise on the Bush tax cuts when in response to a listener’s question about how keeping the tax cut for the rich will create jobs Obama said, “It doesn’t, which is why I was opposed to it — and I’m still opposed to it.” Obama admitted that he had to compromise because if he didn’t he felt that the economic recovery would be endangered.”