Wednesday, August 10, 2011

Ignorance, Stupidity or Connivance?

Ignorance, Stupidity or Connivance?: "President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president's economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive. They might have already told him so, only to have the president say, 'Look, I know you're right, but I'm exploiting the public's envy of the rich!' Let's look at what happened when Obama's predecessor George H.W. Bush signed the Omnibus Budget Reconciliation Act of 1990 and broke his 'read my lips' vow not to agree to new taxes.

When Congress imposed"

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