The Obama Quote Of The Day

Posted in: Barack Obama Quotes |

“”JFK said, ‘Let’s go to the moon,’” without knowing specifically how to get there”

- Candidate for the Democratic party presidential nomination, Barack Obama, speaking to students, Feb 17,2007

This was actually in response to a pointed question from a student asking for “concrete examples of action’s you’re going to take.” What is interesting here is that this reasonable question came from a kid, not the press corps. Obama’s glib answer, though, is revealing. It shows that he hasn’t even thought about it. To Obama, there is no connection between words and  reality. After all, he’s never had to do anything concrete in the real world, words had been enough to this point. Saying you’re going to the moon at least demonstrates that you have a destination in mind. Obama is even incapable of doing that. He could never articulate just what the ultimate destination was (what does he want to “transform America” into?), never mind outlining a plan on how to get there.

 

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Obama Quote Of The Day

Posted in: Barack Obama Quotes |

“Maybe one day he’ll do something to merit all this  attention.”

- Michelle Obama, commenting on the fawning treatment her husband was getting upon being sworn into the Senate.

Buffett, Corporate Jets, and Fair Taxes

Posted in: economics,Obama |

In light of the current discussions on the rich paying their “fair share” and Obama’s obsession with taxing corporate jet owners, I found this article from May 13, 2007 to be pretty  interesting. It explores a George W. Bush proposal to cut the amount passenger carriers pay like American Airlines pay while increasing the obligation on small-jet operators.

The issue here is that the same amount of work, as measured in attention from air-traffic controllers, is required whether the plane is a Boeing 757 or a Gulfstream. In 2007 the 757 would pay $2015 in taxes vs $236 for a smaller craft. The proposal was almost Obamaesque. Shouldn’t the amount paid by the masses be cut by forcing the corporate jet set to pay more? Under Bush’s plan, the 757 would pay $1298 vs $837 for the Gulfstream.

Opponents of the measure point out that the increased taxes would increase the flight costs for rural areas that depend on small planes and for organizations like the Air Care Alliance, which arranges free flights on small planes for sick people. I don’t recall Obama mentioning this when he lambastes corporate jet owners.

I’m not sure how all this played out, but I’m still looking into it.

Oh, and do you know who one of the big opponents of this measure was? NetJets Inc., a business-jet charter business owned by none other than Warren Buffett’s Berkshire Hathaway. Funny that.

Here’s a link to the article:

http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=a_weVSOX_Ito

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