Corporate Jet Industry Has More Jobs than Obama “Created”
A hat tip to my father-in-law and former flight instructor Grady Conner for sending along a link from Flying Magazine that reproduced the National Business Aviation Association’s response to President Barack Obama’s debate night swipe at corporate jets:
In an open letter to Obama, NBAA head Ed Bolen said the remarks show that the president is out of touch with reality.
“Your comments seemed to illustrate a complete lack of understanding about the importance of business aviation in the U.S., and appear to be at odds with your stated interest in promoting job growth, stimulating exports, driving economic recovery and restoring America to its first-place position in manufacturing,” Bolen wrote.
Bolen was referring to Obama’s response to a question from debate moderator Jim Lehrer about tax policy, in which Obama stated: “Why wouldn’t we eliminate tax breaks for corporate jets? My attitude is if you got a corporate jet, you can probably afford to pay full freight, not get a special break for it.”
Bolen first countered those remarks in a statement issued to news organizations before the Wednesday night debate had concluded, which noted that the business aviation industry is responsible for 1.2 million American jobs, and contributes $150 billion annually to the U.S. economy.
For those scoring at home, the 1.2 million American jobs maintained by the business aviation industry dwarf the 300,000 non-farm payroll jobs created since President Obama took office. (And that’s being charitable. The CNN fact checkers who determined that number didn’t count government jobs. If they had, the Obama economy would actually have 400,000 fewer Americans working today than in January 2009.)
As a devotee of stimulus, the President should appreciate that tax breaks for corporate jet purchases help stimulate people to buy such aircraft, which in turn help employ 1.2 million domestic workers and generate $150 billion.
Then again, maybe the President just resents the fact that free people in an open market can do a better job stimulating the economy than government experts.