True as a matter of fact. I fall into this category. Certainly don't need one but I have one, three actually. It's a luxury. Do I expect a tax break for my car? Hell no. That kind of thinking might help the obesity epidemic though.

If what I've been reading in the papers about Gulfstream (Savannah, Ga) is true they don't seem to be suffering from Pres O's babblings.

Yep, the reason the luxury boat industry is death is because no bank will finance that hobby. My sisters father in law, owner of Eliminator boats, went from 40+ employees in 2008 to a handfull now. Even used boats are almost impossible to finance.

When all "industries" and their consumers pay the actual cost of their production and consumption, then there may be reason to argue that government should but out. Depreciation for the purposes of taxes are artificial constructs by lawmakers. Why can't all consumers depreciate their hardware, hard goods and equipment?

This is a topic in an industry that is personal with me...which has helped cement my opinion of Obama. I had a hell of a job in Utah in the aerospace industry, working for an industry leader small turbofan manufacturer that ended up laying off over 500 of it's employees in the first year of Obama's reign. As soon as he came out against business jets, we lost 75% or our business...another 15% was lost to losing a DoD contract bid because of politics, not because of proper business. Obama damned near killed an industry, and single handedly destroyed a number of smaller businesses that were suppliers to the industry.

The fact that his beloved union is drawing a line in the sand, so to speak, about his actions, speaks volumes about Obama's actions.

^And he did that in one years time...and all single handed, wow and the economy had nothing to do with it or that banks stopt giving loans?

I had a flat tire yesterday. Obama was President at the time. Just do the math...

we already have what you describe- which is the government's attempt to make things better by taking money from one person and giving it to another. Child tax credit, government phones to poor, tax depreciation on hard goods for companies; the list is ever growing- as is the government.

The real question here is why is what wealthy people spend when it creates a industry not called trickle down? Poor people are not buying small planes for business- so the small airplanes industry is built primarily by those with money. The money spent by those with lots of it has trickled down to those who do not have it. The left loves to debunk the "trickle down" economic theory- what is this called if not trickle down?

No one here has said why this is not "trickle down."

The automotive industry is not trickle down- you do not need to be wealthy to buy a car. Food is not trickle down. High end yachts IS trickle down.
Folks- who has the answer here?

I do!

Take what the rich have and give it to the poor. And pay off the deficit and national debt.

Take all of the left-over money and put it into funding 3rd world childhood medicines.

That should lop-off the wealth of the top 60% taxpayers. And make them equal to the bottom 40% who don't pay income taxes.

Where have I heard that one before, from the communist manifesto?

Oustanding post MTU!

Yes, he did. Orders were coming in and the future was bright for the company prior to Obama coming into power.

Remember the comments Obama made about Las Vegas, and how things came to a screeching halt there as well?

His attitude is nothing more than "it's all in a days work." He's quite successful at what he is trying to do. Once he has crashed it, he gets to build it back out of the ashes in his own image.

Obama came out against private jets and that killed 75% of your business? Sounds more like your customers than Obama. Supply and demand.

Obama cuts demand and we have oversupply.

A&R should go on unemployment food stamps so the 1%'s can subsidize him.