Posted on 06/30/2011 8:27:31 AM PDT by Sub-Driver
Aerospace industry tells Obama to cool it on bashing corporate jets By Keith Laing - 06/30/11 10:16 AM ET
President Obama went over the top in his criticism of tax breaks for corporate jet owners, a lobbying group said Thursday.
"We're disturbed by President Obama's remarks on business aviation," Aerospace Industries Association President Marion Blakey said in a statement.
"General aviation plays an important role in our economy and took a substantial hit in the recent recession," she continued. "We feel that disparaging comments from the president regarding business jet users are not conducive to promoting jobs, investment and economic growth."
Blakey said private planes play a big role in the American economy. She added that Obama himself recently visited a plant that produces business jets.
"It seems odd that he would undermine the aviation industry one day after visiting Alcoa's factory and praising the workers who make parts and materials that are critical to producing business jets."
During the opening remarks of his press conference Wednesday, which was focused on the negotiations to raise the debt ceiling, Obama cited the tax breaks for corporate jet owners as an example of the kind of tax measure Republicans were protecting. "The tax cuts Im proposing we get rid of are tax breaks for millionaires and billionaires; tax breaks for oil companies and hedge fund managers and corporate jet owners," Obama said.
"It would be nice if we could keep every tax break there is, but weve got to make some tough choices here if we want to reduce our deficit.
"And if we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means weve got to cut some kids off from getting a college scholarship," he continued. "That means weve got to stop funding certain grants for medical research. That means that food safety may be compromised. That means that Medicare has to bear a greater part of the burden. Those are the choices we have to make."
Obama mentioned corporate jets six times in his remarks.
IMHO, Barry really screwed the pooch with this stupid off the cuff remark yesterday. He’s a real moron.
They should have told Barack to “Cool his jets”. He takes three, count ‘em three, jets when he travels. He is the living icon of hypocrite.
As stated on MSNBC Obama is a dick.
Obama must think that everyone who builds planes & works at their factories is a multi millionaire...Reminds me of the luxury tax 2 decades ago that did nothing but screw over blue collar boat builders.
He even mentioned that visit in his ramblings yesterday, citing it as an example of how capital investment led to growth of the business.
Expecting a community organizer, “educated” as a lawyer, to understand the basics of economics or how manufacturing is a key engine for an economy seems to be misplaced optimism. Both species are leeches on the productive part of any economy.
President Obama, could you explain amortization in regards to a Sinking Fund to retire public debt? I’m running for City Council and we are considering bonding for Capital Improvement Projects. But you’re the President and must be much smarter than I. I know, I know. You don’t have to answer that question.....
I wondered when one of his chief supporters Buffett, who owns a jet business, was going to call him.
Once again obama talks out of his hind end, the man is an idiot.
At least corporate jets aren’t being supported with tax money-like Air Force One and Air Force Two. On abusing costly perks, Dear Leader and Michelle live in a glass house.
As I understand it, his proposal is to stretch out the depreciation schedule from 5 to 7 years. I wonder if someone explained to the moron the amount deducted is the same, just less per year over the new 7 year term. So, the net total affect on revenues over those years is NADA.
I know this maybe a tad steep for the Sultan on the Potomac to comprehend but try to explain it to him in simple terms: this is beyond your comprehension, move on to another subject you are more comfortable with like being an a hole.
“We’re disturbed by President Obama’s remarks on business aviation,” Aerospace Industries Association President Marion Blakey said in a statement.
join the club. I’m disturbed by Obama’s remarks on pretty much everything.
In my opinion this Usurper is an evil POS...make him walk...or maybe one of his Arabian buddies can supply him with a piece of carpet...or Hilary one of her spare brooms...
And ground Michelle...let her walk her fat @$$ off...
I work around (will not say “with”) an electrical engineer who is a major Kool-Aid drinker. Spouts stuff like no one should be allowed to own a car costing over 25K, or live in a house over 2000 square feet. Jumped for joy when Obama got elected, did the same when the economy tanked, and cursed anyone who he considered rich. Called anyone from Texas a retard. This dude is a white Minnestoopidan Norwegian/Swede in his sixties, and wants Barry Dunham/Wesley Mouch to do even more to wreck the economy to get back at the “evil rich people” (anyone who does better than him).
The Aerospace industry should expect nothing less from this Economic Stink Bug!
I did not see the comment as broadcast, but it reads like Wesley Mouch has been speaking without the the teleprompter again and saying what he really thinks. He speaks as a Marxist bastard.
Jimmy Carter single-handedly killed off the boatbuilding industry in this country when he started badmouthing those “rich” people and their “yachts”, and added a special “luxury tax” on the price of a boat. Many makers of good boats were driven out of business.
Barry seems to be just one “malaise speech” away from becoming Carter II.
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