Corporate Welfare

Citigroup and the other recipients of the bailout money might need another handout of your money. But they are still spending the first batch of federal money.

Citigroup, who are the recipients of $45 billion dollars from the federal government in bailout money is about to receive their new corporate jet worth $50 million.

This is a quote from Politco

White House Press Secretary Robert Gibbs, asked about the plane at his televised briefing, said the president believes that that for banks receiving U.S. capital “so that they can lend money,” private jets aren’t “the best use of money at this point.”