You've probably already heard about his bipartisan approach to economic cooperation two days ago in which he vilified hedge fund managers, oil company executives, corporate jet owners, and all those millionaire/billionaire Americans making more than $250,000 per year. Pay no attention to the fact that the "corporate jet loophole" is nothing more than depreciating the asset in five years rather than seven. The huge revenue gained from elimination of the regulation would be just under one tenth of one percent of the required debt reduction of $4 trillion over ten years.
You Guys Discuss, I'm Going on Vacation With the Jet and Entourage
Don't you love that? Nothing will be off the table, except for stuff like entitlements and payments to all our non-productive Democratic voters and union members who keep us in office.
Try this approach to your household expenses:
"We've got to cut the deficit, but we can do that while making investments in education, research and technology that actually create jobs," the president said. "We can live within our means while still investing in our future. That's what we have to do. And I'm confident that the Democrats and Republicans in Congress can find a way to give some ground, make some hard choices, and put their shoulders to wheel to get this done."In terms of my household that means my credit cards are maxed out and my debt service is eating up all of my income and what I need to do is buy that new car and humongous flat-screen TV with the home theater audio system.
So, the Messiah charges the Dems and the Reps to fight it out with everything on the table while the exhausted Bamster, who apparently has no suggestions of his own, hies off to Martha's Vineyard for a lobster or two and a bottle of chilled Pouilly-Fuisse.
1 comment:
The guy is clueless.
He would do well to review the general aviation industry circa 1978-1984. I'm working from memory here - (did a business college case study on the then-in-development Beech Starship), but delivered aircraft in that period plunged from well over 10,000 units a year to several hundred.
The industry would probably do just fine if BHO would leave it alone. Unlike the rise in the financial sector (in which, starting in the late-90s, we saw financial products become our major export) that worked for us about as well as it did for the Roman, Spanish, Dutch and British empires, manufacturing has at least some level of permanence, and, strategically, it would do well for us to not cede our aviation industry outright to Asia.
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