Thursday, May 01, 2008

Glenn Reynolds: private jet sales indicate we're not in a recession.

Truly moronic, even for Putz.

DUDE, WHERE'S MY RECESSION? (CONT'D) I don't think it's online anywhere, but I just got my latest Aviation Week and here's a report that suggests things aren't too slow:

G650 Customers Wait in Line

Gulfstream's planned output of 83 G650 business jets in the first 2.5 years of production is oversubscribed by a factor of six to seven, says parent company General Dynamics. Gulfstream began accepting $500,000 refundable deposits on the new $58.5 million ultra-long-range jet on April 15, signing time-stamped letters of intent with customers that it is now working through to convert to orders.

Seems like this is one of the first places a business could cut back. Am I wrong?

Yes.

I love to see this kind of glibness and clueless denialism about the economy (see Mary Matalin) from the right-wing. It's going to be so helpful in November.

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