Wednesday, June 29, 2011

President Clueless criticizes tax breaks for private jets that he signed into law

Today was one of those rare occasions when President Obama actually held a press conference and took questions from the media. As usual, he was blaming Republicans for not wanting to raise taxes as the reason for our humungous deficits. He went on to accuse Republicans of wanting to "keep tax breaks for corporate jets."
“If everybody else is willing to take on their sacred cows and do tough things to achieve the goal of real deficit reduction, then I think it would be hard for the Republicans to stand there and say the tax break for corporate jets is sufficiently important that we’re not willing to come to the table and get a deal done.’’
A tax break for corporate jets? Why, that's insane! That must have been passed by the GOP Congress and signed by the evil Booooooshhhh!!!1!1 Barack Obama would never have signed off on something like THAT.

Right?

Oh.
February 18, 2009 - Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.

The incentive -- first used to help plane makers recover from the 2001 terror attacks -- sharply reduces the up front tax bill for companies who buy assets like business planes.

The aviation industry, which is cutting jobs as it suffers from declining shipments and canceled orders, hopes the tax break in the economic-stimulus bill just signed by President Barack Obama will persuade more companies to buy planes and snap a slump in general aviation that began last year.
So it was Obama and the Democrats who created tax breaks for private jets.

Hmm. Well, you know, it was for the purpose of creating jobs! Keeping umemployment under 8%! So, we shouldn't criticize, right? I mean, look at how well that Stimulus Act worked out!

Yeesh. Get this guy off of his teleprompter binkie, and he can't help putting his foot in his mouth, can he?

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4 comments:

  1. All he knows is what shows up on the tele!

    ReplyDelete
  2. So he and the Democrats realize the tax break was a mistake, want to get rid of it because (as you say) it doesn't "work", so naturally the Republicans are doing the right thing in... refusing to get rid of it?!?

    Sometimes, I think your logic train doesn't have tracks.

    ReplyDelete
  3. Modern making up his own info again.

    Please quote me the source that says that Republicans refuse to get rid of it.

    The entire stimulus was a mistake. It added almost $1 trillion to the national debt and didn't help the economy at all.

    The American public overwhelming views it as the FAILURE that it was.

    Just like little Bammie. Set up that false straw man so you can knock it down with ease.

    ReplyDelete
  4. The Private Jet are widely used for luxury or business trips, as the fare has also reduced a lot.

    ReplyDelete

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