This is me being completely honest with you. My disgust with and contempt for Barack Obama grows every time I hear that dangerous man speak. Obama’s press conference yesterday was little more than an exercise in class warfare, big government rhetoric. His remarks were aimed almost exclusively at the massive numbers of dumb masses who actually buy into his “us vs. them” class warfare rhetoric. Idiots who spend their days wallowing in self-pity brought on by their belief that all those disgusting rich people have the things they have because they’ve spent their lives exploiting the poor, cheating on their income taxes and engaging in various other types of immoral and illegal behavior.
Obama painted a picture of Americans who want a “fair” society, college education for their children, meat inspections, tornado warnings, and medical research for the sick versus the evil Republicans who want to give tax breaks to millionaires and billionaires buzzing around on their corporate jets! Here’s just one example from yesterday’s presser:
“If we do not have revenues, that means there are a bunch of kids out there who do not have college scholarships,” Obama said. “[It] might compromise the National Weather Services. It means we might not be funding critical medical research. It means that food inspection might be compromised. I’ve said to Republican leaders, ‘You go talk to your constituents and ask them, “Are you willing to compromise your kids’ safety so some corporate-jet owner can get a tax break?”
Again, why the focus on these corporate jets? Spending by our federal government is set to grow well over $46 trillion over the next ten years. This jet tax break that we are talking about would gain us $3 billion over the next ten years. $3 billion. Does anyone find it frustrating that we are focusing on such a tiny blip on the Richter scale of government spending?
Well you know why Obama is focusing on private jets, don’t you? That would be because private jets might be the number-one really visible of wealth in this country. Probably about 80% of the population will see a small jet in the sky on any given day. This is especially true in urban areas – where the airports are and, and, coincidentally, where many of the poor that Obama is courting live. Perhaps the hope is that by casting the patina of evil on the people riding in those jets a certain reaction can be promoted every time one flies overhead. “Yeah – there’s another private jet. I’ll be there’s some CEO in that jet who doesn’t pay his fair share in taxes; and he probably is earning thousands of times more than the people who work for him and made him rich. Bastard!”
There’s another aspect to making people who fly on private jets the focus of evil. Airport security. You have 95-year-old women dying of cancer having to remove their Depends. You can’t get on an airplane carrying more than 3oz of sunscreen. You junk gets manhandled every time you fly somewhere. The Obama comes along and talks about these CEOs (it’s always CEOs) getting in his private jet without having to go through any security and carrying anything he wants to carry. That whole riff is designed to do nothing less than create a sense of resentment in those who fly commercial.
Let me share something else with you about these corporate jets. It’s not always CEOs. In fact, it’s not usually CEOs. Let’s take a company in New Jersey with a production facility in Arkansas. Something goes wrong with the automation on the Arkansas production line. If it is not fixed quickly a few hundred Arkansas workers will be told that the plant will not be operating for a few days. Production lost. Income lost. So an IT automation expert is loaded on the corporate jet at Newark and flown to the small Arkansas town where the production line is located – a town with no commercial air service. The problem is fixed overnight, and the production line opens on schedule.
Then there’s the Corporate Angel Network. Click on the link to see their website. Here’s the slogan: “Cancer Patients Fly Free In Empty Seats on Corporate Jets.” In 2010 the Corporate Angel Network flew 3.021 cancer patients for free to and from treatment centers. Tell me – do cancer patients fly free in empty seats on commercial carriers? The answer is NO.
And another thing about these corporate jet tax breaks. What Barack Obama failed to tell us is that this “accelerated depreciation” tax credit is something that was included …… in his own stimulus plan! The great Recovery and Reinvestment Act, passed by an all-Democrat Congress and championed by Barack Obama himself, included these very tax breaks that he is now demonizing. The Associated Press ran this story in February of 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.
“This is exactly the type of financial incentive that should be included in a stimulus bill,” said Rep. Todd Tiahrt, R-Kan., in an interview. His state lost at least 6,900 jobs at Cessna and Hawker Beechcraft, both based in Wichita.…
The incentive — known as accelerated depreciation — lets companies take a larger deduction in the early years of the life of an asset such as a plane.
Companies will have to place orders by the end of 2009, and those planes will need to be delivered by the end of 2010 to take advantage of the tax benefit.
First used in the months following 9/11, an industry study found accelerated depreciation helped boost sales by 43 percent, and later contributed an additional $2 billion in sales when implemented again in 2003.
Another asinine claim in Obama’s presser included this falsehood about taxes being lower now than they have ever been. Here’s what he said in his presser … and, again, notice the disdain in his voice in referencing corporate jets:
If you are a wealthy CEO or hedge fund manager in America right now, your taxes are lower than they have ever been. They’re lower than they’ve been since the 1950s. And you can afford it. You’ll still be able to ride on your corporate jet. You’ll just have to pay a little more…
Anybody who will simply look at a chart of federal tax income rates and determine that taxes were higher in the 50s must have been educated in government schools. Income tax rates only tell part of the story: According to the Tax Foundation, more than two-thirds of all taxes paid by Americans in 2010 will be something other than income taxes. We must also consider payroll taxes, sales taxes, property taxes, deductions, all of which play a role in the amount of money government collects and the burden it places on its citizens. So PolitiFact found a way to analyze our tax burden …
There is another way — calculating all taxes paid by Americans and dividing the sum by the nation’s total income. To make this calculation, we turned to the Tax Foundation’s annual “Tax Freedom Day” report, which offers calculations of total tax burden going back to 1900. (There was no federal income tax then, but there were state and other taxes.)
The foundation’s expected tax burden for 2010 is 26.9 percent, up slightly from the 2009 tax burden of 26.6 percent. (This is not unusual: The tax burden typically falls during recessions, as taxpayers move to lower tax brackets.)
Under Eisenhower, that figure ranged from 24.8 percent to 27.7 percent, with the figure lower than 26.9 percent for seven out of eight years. So by this measurement, the tax burden was lower most of the time under Eisenhower.
Now that we have our facts straight, let’s talk about the fact that Barack Obama is standing up there at his podium telling you what you can and cannot afford. He said that taxes are “lower than they’ve been since the 1950s. And you can afford it.” That’s Obama channeling Karl Marx: “From each according to their ability. To each according to their need.”
We have a Marxist in the White House.
By Neal Boortz