Posted on 05/15/2012 12:56:53 PM PDT by Free ThinkerNY
Remember when Obama was railing on about "the tax-break for corporate jets," during the debt-ceiling fights of 2011? He repeatedly invoked this "tax break," which was really about how some corporate jets were depreciated over five years instead of seven. The message was clear: Republicans are in bed with corporate-jet owners. His loyal legions on the Left joined the chant.
But today, Obama's export-subsidy chief promised a billion dollars in taxpayer-backed subsidies for corporate jets, according to Bloomberg News.
Fred Hochberg heads the Export-Import Bank, a federal agency that subsidizes U.S. exports by loaning money or guaranteeing loans to foreign buyers of U.S. goods. Bloomberg reports:
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
D-E-S-P-E-R-A-T-I-O-N
Almost every American uses gasoline in some way or another.
How many Americans use Corporate jets?
Obama wants to end ‘subsidies’ for oil companies-—but wants to ADD subsidies for Corporate jet owners like Buffett!!!!
so the 0bama administration is clearly saying that incentivising wealth creaters is a good thing to do?
whodathunkit?
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