Friday, 1 July 2011

The Roots of Obama's Economic Ignorance

Robert Tracinski, TIA Daily
So I heard the latest economic bulletin from President Obama: that the whole problem with the economy and the federal budget is because of a tax break for corporate jets.Really? We're in economic and fiscal trouble because we haven't raised a tiny little tax on corporate jets? Does the president have any concept of how irrelevant this is? The tax accounts for less than one tenth of one percent of the deficit reduction his negotiations with the Republican are supposed to achieve. Moreover, as he sneers derisively about the owners of corporate jets, does he have any concept of their...

Source: http://www.realclearmarkets.com/articles/2011/07/01/obamas_carefully_burnished_economic_ignorance_99111.html

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