Republican Congressman Todd Tiahrt (Kansas) acted just in time to have the "no jet" provision removed from the second TARP Bill, saying it "would place in jeopardy well-paying jobs in Wichita and across our industry and significantly also tarnish our image of business aviation."
So he must feel satisfied that his efforts came just in time for the largest recipient of TARP funds and loan guarantees, Citigroup. Today it was revealed that Citi is adding a brand new Dassault Falcon 7X for $50 million to its fleet of corporate jets.
Apparently, Citi is not only "too big to fail," they are also "too big to fly commercial." No word yet from Republican Senator Richard Shelby (Alabama) who gave the automakers such a beating that they drove into Washington DC last month, and have since announced plans to sell all their jets.
It's also worth noting that the almost $400 billion in financial assistance to Citigroup is quite a bit larger than the $17.4 billion package extended to the Big 3 automakers combined.
The workers in Merignac, France where the Dassault Falcon 7X is built would like to thank Rep. Tiahrt, the Republican Party, and the American taxpayers for their generosity.
Monday, January 26, 2009
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