The Plane Sold On eBay Lie That Wasn’t
September 6th, 2008 at 11:59 am by BrianDidn’t see this coming didja? Gotcha!
Palin claim on eBay plane sale* doesn’t fly
(ed. – italics and asterisk mine)
JUNEAU, Alaska — When Alaska Gov. Sarah Palin sought to illustrate her frugality and flair to delegates at the GOP convention Wednesday, she described how she disposed of a corporate jet acquired by her unpopular predecessor.
“That luxury jet was over the top,” Palin, the Republican vice presidential nominee, said to loud cheers. “I put it on eBay.”
Palin’s statement implied the plane was sold through the online auction site revered for empowering millions of small entrepreneurs, and Palin’s spokeswoman insisted Thursday that the transaction occurred. But the plane failed to sell on eBay.
This is where we have to explain to people who presumably studied journalism for years the difference between an “implication” and an “inference”.
I put a set of Polk Audio speakers on Craigslist but since no one offered me what I asked for, I am now a liar for saying that I put my speakers on Craigslist too. Dammit. There is no winning with you guys.
Instead, the 23-year-old 10-seat Westwind II was sold in August 2007 for $2.1 million to a Valdez, Alaska, entrepreneur; that’s about $300,000 less than a broker’s asking price, according to news accounts.
And she can’t negotiate for squat either. We’ll ignore the differences between replacement cost, fair market value, “as-is / where-is”, or orderly liquidation costs for the time being as this courageously robust and beefy bit of e-Tarded Old Media sleuthery has shown that Palin’s red meat was only fit for Republican consumption – not human consumption.
Kudos, fellas. Next up, that’s not her real hair color. *Meeeeow*.
Here’s the eBay Plane Sale I’m waiting to see and good bidding!
September 6th, 2008 at 3:46 pm
Good post. Problem is with McCain who was touting the “she sold it on Ebay” deal. We’ll continue to find some heres and theres where Sarah Palin is not Wonder Woman in Politics. Yes, there appears to be a little bit of legend.
But that’s because she is so special, I think.
September 6th, 2008 at 5:02 pm
I don’t follow what McCain says because I’m not voting for him.
Whether he did or didn’t is immaterial as the the Chicago Tribune article does not mention him at all and is stating that she lied when about this when she didn’t.
I don’t know how special she is as I’ve only seen her for a week but when you manage the expectations game correctly (read: setting the bar low) it’s hard to be let down.
September 6th, 2008 at 10:28 pm
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September 9th, 2008 at 4:54 pm
About the Jet, she put it on ebay, it sold through a broker and saved Alaska $63,000 every quarter. Look it up.
You have to factor in depreciation of a USED asset. Do you sell a 2 year old car for the same as a new?
What about the cost of maintenance, the pilot, insurance, etc.
Depreciation 101
Purchase Price (2005) – $2,700.000
Depreciation (2005) – $385,714
Depreciation (2006) – $385,714
Depreciation (2007) – Don’t know the timing, so we’ll forget it
Basis (2007) – $1,928,572
Sales Price (2007) – $2,100,000
Capital Gain $171,428
Sales Commission – $31,000
Net Profit – $140,428
Not to mention – maintenance cost, garge, pilot, etc.
September 9th, 2008 at 6:02 pm
Nice work speedy. Next time look up “sarcasm”.