Off the Jetway and Into the Stocks

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pillory_stocks.jpgWord is out that Citigroup is finalizing the purchase of a $50 million corporate jet, complete with a luxury interior that includes leather seats, sofas, and a customizable entertainment center. The new jet will be managed by CitiFlight Inc., a Citi subsidiary that manages Citigroup’s entire fleet of corporate jets.

Why is this all so outrageous? (1) Because Citigroup has received $45 billion in taxpayers funds as part of the bailout program, money earned by hard-working American men and women who have never so much as sniffed first class. (2) Commercial air travel still exists in this country! Citigroup executives don’t even have to fly coach! They could fly business or first and still save money!

There is only one solution here. Please see the photo at right. President Obama, make it happen.

Update: Opprobrium works! Citigroup is backing down.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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