Janice Schakowsky: “the thing that is really great about this deal is if you take this first year $260,000, these planes last a long time…”

“the thing that is really great about this deal is if you take this first year $260,000, these planes last a long time, maybe the useful life is 20 to 25 years, and it really does not depreciate in value all that much. So you could take this first-year write-off, and then a couple of years later you could sell it and make a whole bunch of money. This is the kind of deal and this is the kind of constituent that this Bush administration has helped. And how many people are really in the position, certainly not many in Illinois, not very many people I know to take advantage of this great tax break. As I said, the thing they seem to be missing here is now Republicans are talking about this roaring-back economy. Okay, ``back,'' implying that we have fallen a long way, baby, and now that more jobs are being created, they are saying, is this not a miracle of the Bush administration. But let us remember, we are barely halfway back. We are talking about still this President being the first on record since the Great Depression to go without creating a new net private sector job. Mr. Speaker, 1.9 million Americans who had jobs in 2001 still do not have jobs today. So this kind of playing with the numbers like, is this not great, I have been trying to figure out, it is sort of like an arsonist who burns down the houses and then says, oh, look, they are building all of these new houses, or they are building these houses, we are coming back.”