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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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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