Did Obama do the right thing or should he have let them buy the jet?
Obama Officials Tell Citibank To Ditch Plans For $50 Million Private Jet
According to a report from ABC News, President Obama is not taking kindly to corporate greed, especially when it's funded by taxpayer money. Read more from ABC here:
The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France...
ABC News has learned that Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."
On Monday, the news broke that bailed out bank was going through with its $50 million private jet purchase even though it had recieved $45 billion in government funds:
Asked by Anonymous at 12:15 AM on Jan. 30, 2009 in Politics & Current Events
Answer by autodidact at 1:32 AM on Jan. 30, 2009
Answer by Anonymous at 12:26 AM on Jan. 30, 2009
Answer by Anonymous at 12:33 AM on Jan. 30, 2009
Answer by SweetPea05 at 1:28 AM on Jan. 30, 2009
How is he throwing his weight around in an unpleasant way? I think it is good that he is making sure the banks that asked for bailouts aren't using the funds for frivolous things. Really is a $50 million jet a necessity? They wanted to use tax payer's money the government should have a say in how it is spent.
Answer by LolosMom at 2:11 AM on Jan. 30, 2009
Answer by pnwmom at 3:55 AM on Jan. 30, 2009
Answer by Wimsey at 3:55 AM on Jan. 30, 2009
Answer by AnnieMcD at 5:37 AM on Jan. 30, 2009
Answer by Anonymous at 12:31 PM on Jan. 30, 2009
Next question overall
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