Friday, July 1, 2011

Barack Obama - #3038 - WAPO Fact Check Shows Obama Demagoguery - Hot Air (2) Dems to Spin Fast and Furious Probe Into Gun-Control Rally - Hot Air

For those who watched the (arguably) presidential press conference yesterday, what were the main arguments Barack Obama tried to communicate? Tax breaks for corporate jet owners have gotten in the way of student aid and food safety, that hedge-fund managers and CEOs have never had it so good in taxes, and that he’s making “unprecedented” efforts to reduce government regulations to aid businesses. Most of these claims were laughable on their face, but Glenn Kessler at the Washington Post puts them through the fact-check cycle — and discovers that Obama didn’t tell the truth: In a bit of class jujutsu, the president six times mentioned eliminating a tax loophole for corporate jets, frequently pitting it against student loans or food safety. It’s a potent image, but in the context of a $4-trillion goal, it is essentially meaningless. The item is so small the White House could not even provide an estimate of the revenue that would be raised, but other estimates suggest it would amount to $3 billion over 10 years. Meanwhile, student financial assistance, just for 2011, is about $42 billion. So the corporate jet loophole — which involves the fact that such assets can be depreciated over five years, rather than the seven for commercial jets — just is not going to raise a lot of money. It certainly wouldn’t save many student loans. That “unprecedented” reduction of regulation ignores the 2800 pages of ObamaCare, much of which were placeholders for even more regulation from Health and Human Services.  Read more........

Dems to Spin Fast and Furious Probe Into Gun-Control Rally - Hot Air - After yesterday’s news of the deal between Senators Pat Leahy and Charles Grassley to get documents and testimony from ATF chief Kenneth Melson on Operation Fast and Furious, it seemed as though Democrats might finally take the scandal of the gunrunning fiasco seriously. Alas, Elijah Cummings and House Democrats appear uninterested in abuses of government power, incompetence, and potential cover-ups at AFT and the Department of Justice. In fact, they want to turn the probe into an argument for expanding government control of firearms: The top Democrat on a House investigative committee is broadening an inquiry into a botched gun-tracing operation, called Operation Fast and Furious, to include a look at American gun laws. Rep. Elijah Cummings (D-Md.), the leading Democrat on the House Oversight and Government Reform Committee, released a report early Thursday titled “Outgunned,” that details how Bureau for Alcohol, Tobacco, Firearms and Explosives agents say gun laws need to be tightened for them to fight organized crime along the U.S.-Mexico border.  Read more........

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