Does everyone remember the outrage over the $1.2 million that Merrill Lynch spent to upgrade its executive offices? How about the outrage over that $50 million corporate jet for CITI? You know, the one — the one that CITI had ordered quite some time back, and ended up canceling the order because they got money from T.A.R.P.
While spending “public” funds for that sort of thing on “private” enterprise might seem outrageous, just remember the size of the “stimulus” spending our government engaged in last year. Merrill Lynch's “outrageous” spending on decor rather than loans amounted to less than a millionth of the money our Congress and President extorted from the taxpayer. And, of course, since government is involved in this, there's no limit to the hypocrisy involved either.
Here's another lu-lu: Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
So, the very same government that is outraged over T.A.R.P. recipients spending money on refurbished office spaces and transport is going to spend huge amounts of money on refurbished office spaces and transport.
The hypocrisy is just stimulating.
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