Obama makes economic decisions not based on the best economic reasoning but based on his idea of fairness. He was asked, a couple of years ago, about raising capital gains tax if as shown from history federal revenue dropped as a result of raising the tax. Obama said yes he would raise the tax because it was the fair thing to do. Understand, given the choice of increasing revenues by decreasing the capital gains tax or increasing the capital gains tax and reducing revenues Obama chooses to reduce revenues. He will not make sound economic choices because he factors everything through a political lens.