WaPo awards Obama Two Pinocchios

File under “rube enlightenment.”

We realize the symbolic value of things like corporate jets, particularly when Republicans appear to be refusing to accept even a single dollar of additional revenue, but Obama is misleading when he suggests that closing this loophole would make much of a dent in the federal budget. He also should made clear that he would like to raise taxes on people making more than $250,000, rather than just “millionaires and billionaires.”

The president’s claim of an “unprecedented” effort to trim federal regulations is laughable. And it would be nice to hear Obama acknowledge for once that, until a few months ago, his administration was eager to do business with Gaddafi.

Two Pinocchios