SpokeUp.com - Social network for speaking up: Citigroup Got MORE Than This Last Month Alone: Obama Plan Includes $300 Billion in Tax Cuts

Cody Willard

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Citigroup Got MORE Than This Last Month Alone: Obama Plan Includes $300 Billion in Tax Cuts - NYTimes.com

Cody Willard 400 days ago

The legislation Mr. Obama is developing with Congressional Democrats will devote about 40 percent of the cost to tax cuts, including his centerpiece campaign promise to provide credits up to $500 for most workers, costing roughly $150 billion. The package will also include more than $100 billion in tax incentives for businesses to create jobs and invest in equipment or factories.

Hmmm, we get $500 a pop costing our children $150 billion. If you work at Citigroup, you got $300 billion in welfare behind closed doors when you met with your supposed regulators, the Treasury and the Fed, a few weeks ago...or $1,000,000 per person at the firm.

US Citizens get to keep an extra $500 in earnings per person.

Citigroup employees get $1,000,000 in welfare per person.

Geez, thanks, Obama!

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jojo

but cooooooody...my money is stashed in citi! i really needed the fed to keep citi afloat. How would the FDIC have backed 2 trillion in deposits. I say leave the TARP money for just the banks. No more bailouts for the other businesses. Did the fed bailout silicon valley during the dotcom bust? Hell no!!!! I was working in silicon valley during that time and they were forcing me to take a lesser position out of state or quit. There was never any talk about a bailout and now you had that jackass motherless goat on happy hour today from the steel industry saying ,"its not a bailout" and accusing matt of smoking drugs. I wanna slap that fat bastard silly!!!! You were right! he should have been saving when steel was going for $450 a ton and now it is only $100 a ton. He said there is no demand.....thats how are economy works! supply and demand!!!! That bastard gets a cent and there will be hell to pay!!! So there is no demand, did i bitch and moan when there was no one buying cell phones and i was being forced to relocate or quit!!! Yes i did but, nobody asked for a bailout just because business was slow. These dinosaur baby boomer jack asses, need to get the silver spoon out of their damn mouth and realize that if you work in a company that is going through a rough time its just too damn bad. Deal with it. Life isn't fair! You are completely correct when you said that maybe people should just get into cash because atleast you'll have the cash in the end. Let those many steel companies, retail companies merge or get bought out or go bankrupt. thats how our economy works! no more bailout! period!!!!!!

jojo

jojo 399 days ago

tjeffersonsghost

Here is the sad part to giving all of this money to Citigroup

Citigroup sold its back-office unit in India to TCS. Part of the deal is the following..

"Citigroup said that in addition to the all-cash sale, TCS, a leading Indian information technology company, will provide infrastructure support, help desk and other outsourcing services to Citigroup for 9.5 years"

SO while we give them billions and they lay off 50,000 American jobs they are getting set up deals for cheap Indian labor.....talk about our dollars hard at work huh?

tjeffersonsghost 399 days ago

Cody Willard

Wow, this is exactly what SpokeUp.com is for. Keep it coming!

Cody Willard 399 days ago

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