Obama Slams Evil Jet Owners — The Same Jet Owners He Gave Stimulus Cash To

You’ve gotta love it.

A record 600 private jets descended on Obama’s Inauguration.

Barack Obma called people making over $250,000 a year “jet owners” today in his press conference.
The Wall Street Journal reported:

In his news conference today, the president said: “I think it’s only fair to ask an oil company or a corporate jet owner that’s doing so well to give up that tax break….I don’t think that’s real radical.”

Asking private-jet owners to give up tax breaks may not be that radical. And it probably would be supported by the vast majority of the nonjet-owning voters.

The problem is that most of the people that would be subject to the higher taxes the president wants aren’t likely to be private-jet owners. Someone earning $250,000 a year–among those scheduled for a tax increase in 2012–is unlikely to afford a jet–or even a few charter trips on a jet.

For those, like the president, who may not be well-versed in Jetonomics, here are some of the basics. The numbers come courtesy of Jay Duckson at Central Business jets:

COST OF BUYING A JET

New Citation CJ (entry level jet)–$5 million. Annual operating costs (fuel, hangar space, pilots) about $500,000.

Cheapest Used Jet–$100,000 to $500,000. Annual operating costs (hangar, pilots, mechanics, fuel) about $1 million a year.

By the way… Via Drudge, Obama’s failed stimulus package rewarded private jet owners.

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