Tuesday, January 27, 2009

Citigroup

ABC News reported that Citigroup planned to purchase a fifty million dollar jet from France. Last year our government handed Citigroup 45 billion dollars to rescue it. When talking to some members of Congress they were outraged but not enough to take action. There were some comments about not wanting to appear like socialist.
If Congress does not want to appear like socialist then I suggest they let the businesses fail and let someone buy them that will succeed. Making Citigroup account for the 45 billion dollars of the taxpayer’s money is not being socialist; it is just good business sense. However just look at our economy; has the government ever showed any business sense? Why did President Obama have to make the call and tell Citigroup to fix it? It appears that the president has been running things the last eight years. Maybe it is time for Congress to return to their homes and stay there. It would save the taxpayers millions of dollars and maybe the President can get our country back on track. Until next time.
Norm

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