Tuesday, July 05, 2011

Jet Boy?


President Obama's thrust, over the holiday weekend, continued to be ending tax breaks for millionaires and billionaires, hedge fund managers, oil companies and corporate jet owners.

Never mind that it was part of the economic-stimulus bill signed by Obama and the scientific community is united in that fact.

In total $3 billion might be raised over 10 years in ending this tax break.

No telling how many jobs in that industry would come crashing down or how much more it would cost taxpayers to stimulate more jobs.

Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

My April Fool's Recession Buster joke of 2009 still made more sense, isn't that Stranger Than Fiction?

Here's a take on taxing the oil companies more, once again the revenues will be piffling compared to the problem, and the impact on a crucial American industry unhelpful at an especially important moment.

It all fits hand in hand with a leader(?) who said $18 Billion in savings by controlling earmarks were not going to solve the problem and only ordered his Cabinet to slice spending by $100 million.

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