The Dillard Doctrine

Urban Conservative Commentary on Politics & Life

Praise for the Obama Administration

…and the Treasury Department: From CNN:

Citigroup reversed course Tuesday, a day after a Treasury Department official called the struggling company and “told them it was unacceptable” to accept delivery of a new $42 million corporate jet, a senior administration official said.

The move comes as new Treasury Secretary Timothy Geithner tries to quickly bring more accountability and oversight to the much-maligned TARP program he now oversees.

Under that program, Citigroup has already received some $45 billion in government bailout funds, which is why a New York Post report about the scheduled delivery of the new jet sparked outrage.

White House Press Secretary Robert Gibbs said Monday the president believes private jets aren’t “the best use of money at this point” with America facing a financial crisis.

You can say what you want about TARP, the bailouts, and the stimulus package being voted on today…but for me, spending $42 million of my money-money that I didn’t want to give you in the first place-is beyond “unacceptable.” That crosses into “f—ing stupid” territory.

The Obama Admin gets a point. As does Treasury Secretary Geithner (though, next time, just pay your taxes).




Written by Coby Dillard

January 28, 2009 at 9:04 am

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