"The situation Abraham Lincoln faced was unique. In his view, the United States was threatened with destruction, ruin, overthrow, perishing - all words that he used - which is not the case for any other president, including the current one - Barack Obama."

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Barack Obama is talking about cutting taxes. On net, he is a tax cutter. But the difference between Obama and John McCain is that Obama is raising some taxes on families, for example, with incomes over $250,000. Now, that amounts to about 2 percent, the richest 2 percent of American households. And even with those tax changes, even with all of the tax changes Obama's talking about, taxes will be lower under Obama than they were under the Clinton years.

— Jared Bernstein