I Can't Believe it -- Obama is Subsidizing Corporate Jets

It seems that corporate jets are a microcosm or the entire crazy world of Obamanomics. In Obama's stimulus package, the depreciation rules for corporate jets were shortened from 7 years to 5 years in order to promote more purchases. The stimulus was, of course, passed wholly by the Democrats with essentially no Republican votes. That was in early 2009. In the summer of 2011, Obama announced that he wanted to up the taxes paid by the wealthy. This was to include removing the "subsidies" given to the wealthy for their private jets. Of course, the "subsidies" in question are the very same ones that the Democrats put in place two years ealier. Obama spoke repeatedly about how the Republicans were protecting these benefits for fat cats even though the subsidies were his idea in the first place. Corporate jets, we were told by Obama, were symbols of the greed of the rich, plutocrats who refused to pay their fair share while jetting around in their expensive, taxpayer subsidized flying limosines. Obama said that those subsidies had to end. After all, the subsidies were costing the taxpayers about $350 million over ten years.

That flip-flop and lie by Obama was dramatic enough, but today comes much more important news. According to the Washington Examiner, the chairman of Obama's Export-Import Bank, announced that the federal government was now going to give federal subsidies to aid the sale of corporate jets. The subsidies are to total $1 billion per year. If this seems odd, it is because it is very odd. First Obama and the Obamacrats put on subsidies on corporate jets. Then two years later, Obama attacks Republicans for the same subsidies; Republicans are just toadies of the wealthy! Then, in the next year, Obama announces that he is now giving subsidies to corporate jet owners that are many times larger than the ones he had previously complained about. It kind of makes your head spin.

Of course, all of this gives rise to only one question: Is there anything that Obama will not do to win votes? The answer is apparently NO!