Posted on 01/27/2009 7:42:38 AM PST by TigerLikesRooster
Even worse, I wonder that since they are not taking delivery, will they have to pay sizable penalties and still not have the plane?
BTTT
Who is now in charge of CITI, and who put him there????
Who didn’t know this was going to happen. Now that private companies are being bailed out with our money...now we’ll see the outrage over how they use our money.
These banks should have just shutdown and let the system we had in place work. Next we’ll be needing to take a vote on everything the banks do.
This is not a class warfare. What you are advocating is a corporate welfare. Any company in such a dire strait would cancel the order, even with a penalty, because they simply won't have money.
ROTFLMAO!!!
Obama has an entire staff for Air Force One, Marine One, Secret Service, etc. How many billions are spent on his staff??? I don’t want to hear that he is the most important man on the planet because our government structure accounts for his demise. It is called the Vice President. He is but one man. Nothing more. He has a job to do but by no means does this country fall apart should he meet an early demise. It hasn’t so far with the other eight Presidents that have died in office. We should protect him but the empire that has been built around the President is a waste.
So, here Obama sits on Air Force One, after being shuttled to it by Marine One, eating made to orders foods, and bitches about large corporate CEOs and their itty-bitty jets. $50 million for a jet? His entire staff spends that nearly every day.
Private jets pay my mortgage and put food on my table...as well as a lot of other people we employ to keep the planes in the air and maintained.
I appreciate people with a lot of money who don’t just sit on it. That’s the real way to spread the wealth.
Why does a bankrupt (definition: spends more than one makes) federal government not canceling its orders, then?
Because they think they are too valuable.
Citigroup directors removal sought by NY Post, WSJ
http://www.reuters.com/article/marketsNews/idUKN2550689320081125?rpc=44
start with Robert Rubin.
http://www.citigroup.com/citi/corporategovernance/bddir.htm
...Citibank STILL plans to pay $400 MILLION for naming rights to the new Met’s stadium.
And here’s a good one:
Struggling Banks Paid President Clinton $2.1 million for ‘Speeches’
http://www.cnsnews.com/public/content/article.aspx?RsrcID=39902
Wonder if they put that on a credit card that we just paid the balance on, “plus interest”?
“I appreciate people with a lot of money who don’t just sit on it. That’s the real way to spread the wealth.”
Lot’s of wealthy people spread the wealth when they shop, go to restaurants, the theatre, etc. A friend of mine worked at an establishment that sold boats in the late ‘80s. When someone got the bright idea to institute a “luxury tax”. Long story short, the boat sales slowed down and people at the store lost their jobs.
And they want to take delivery now, when they don't.
Last year Congress raked the auto industry over the coals and tied their financial aid to all sorts of restrictions and requirements, one of which was divesting themselves of their corporate jets. If we're going to dump billions into the banks then why not hold the financial industry to the same oversight? We've given Citi alone many times what we gave the whole auto industry.
Obama made more money last year than Citi did. And he didn’t use federal funds to pay for it.
Corporate welfare, huh? That phrase “corporate welfare” is just one arrow in the class envy quiver.
Be careful what you wish for. And make sure you aren’t getting sucked into the whole class warfare argument.
Class warfare is the seeds planted to grow a socialist state.
What if I were to tell you they ordered that jet 4 years earlier? And they certainly had to fork over installments. Does that matter?
You advocate socialist practice, and still have the nerve to accuse us of socialist mindset?
We can settle this question by yanking all bailout for Citi. Let Citi stand or fall on its own. If they still have the money to buy the airplane, so be it. However, they should let go of bailout money.
If you want to live off trickle-down bailout money from Citi, that is your choice. However, you should know that you signed up for socialist oligarch system.
A 757 is what she wanted.
I do not agree with bailing out anybody. Period.
I do, however, understand that if you start down the road of demanding private companies bend to your wishes just because your government(my government) gave them money. You better be careful what you wish for.
The time for you to complain about spending was before your elected officials started giving our money to these folks. That includes republicans and democrats.
What is more socialist than a mob of envious nar-do-wells screaming about the rich...the rich...the rich and disguising their class envy as rational debate.
I do not agree with citigroup getting bailed out. But they ordered the damn jet 4 years ago.
Maybe they bought it on lay-away and had a contract that they had to honor and the aircraft mfg needs to be paid also.
This will be one of the few times I agree with Obama.
Banks requiring bailouts do not require private jets and helicopters. These assets should be sold as surplus to requirement, and the funds realized from this sale used to off-set the bailout money required from the government.
Wanna keep the luxury assets? Fine — obviously the bailout money is not required badly enough
Or maybe they thought they'd sneak it in under the radar and nobody would be the wiser? In any case, Congress made the auto industry give up all their toys and submit business plans on how they were going to achieve profitability again before they would come across with dollar one. If you're going to be bailing out industries then I think that requirements like that are a prudent safeguard for taxpayer money. I'd like to see them force the banks and the insurance companies and everyone else with their hand out do the same.
Four years they had money to burn. Now they don't. Cancel the order and pay the penalty. It'll cost less than taking delivery and operating it.
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