President Barack Obama yesterday framed the ongoing deficit reduction talks as a David and Goliath battle between kids and corporate jet owners — his strongest attack yet on claims of Republican intransigence on reaching a debt ceiling deal.
But Obama appears to have supported tax subsidies for the jets before he opposed them, National Journal reports, and many Republicans are quickly accuse him of flip-flopping on the issue.
Obama signed onto a subsidy for private planes and other capital purchases in his much-touted stimulus bill, allowing them to depreciate faster than normal in order to spur economic growth.Business Insider
He listened to corporate Keynesians and now looks like a dunce.
No comments:
Post a Comment