Saturday, July 02, 2011

The Corporate Jet Canard

A brilliant piece from Mark Steyn, appearing in National Review Online:
In his bizarre press conference on Wednesday, Obama made no fewer than six references to corporate-jet owners. Just for the record, the tax break for corporate jets was part of the “American Recovery and Reinvestment Act of 2009” — i.e., the stimulus. The Obama stimulus. The Obama-Pelosi-Reid stimulus. The Obama-Pelosi-Reid-Democratic-party stimulus that every single Republican House member and all but three Republican senators voted against. The Obama–Corporate Jet stimulus that some guy called Obama ostentatiously signed into law in Denver after jetting in to host an “economic forum.”

Charles Krauthammer did the math. If you eliminate the Obama-Pelosi-Reid Corporate Jet Tax Break, you would save so much dough that, after 5,000 years, you would have clawed back enough money to cover one year of Obama’s debt. Five thousand years is the year 7011.

OUCH! Why doesn't a clever reporter ever dare to confront the president when he makes such embarrassing platitudes?

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