Wednesday, April 29, 2009

Another industry hurt by Congrssional stupidity...

Remember the luxury boat boondoggle of a few years ago? Congress, angered over the fact that some people were actually buying very expensive personal boats - yachts, if you will - created a huge tax on the expensive boats. Nobody paid the tax, they just quit buying the boats. The luxury boat industry, and all its hard-working employees, went under the bus.

More recently, Congress scared everyone out of buying private aircraft. If they could punish auto company CEOs for flying private planes, what's to say that any company which buys its own plane cannot be punished?

No big deal? Cessna, a popular manufacturer of private aircraft, now reports that it has laid off 44% of its work force.

C'mon, America... among our 300 million folks, can't we find a few smart ones to send to Congress?

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