Citigroup buys a $50 million corporate jet from France after receiving $45 billion in bailout funds, exposing the bailout for the fraud that it is. I never knew that the Federal Government was responsible for keeping big businesses afloat with my tax money, allowing them to engage in all sorts of risk with no fear of consequence.
But the jet issue probably isn’t fair. I’m sure they had plans to buy it for years, probably to replace another jet or something. Big corporations make lots of purchases. Surely the Treasury knew that.
Then there is this story:
In any case, the administration does not want the plane put in service under the Citigroup banner.
This is downright disturbing. Can the Obama Administration really tell a large American corporation what to do with their jet, as if it was owned by the Treasury Dep’t?
We will soon learn the answer to that hypothetical question (yes). He who pays the piper calls the tune. But does the American public know this, or what the consequences of this could be? Do we want our elected officials making these decisions?
Note that any objection to this purchase is purely political. It makes politicians look bad.