Tag: citibank

Cents and Nonsense

I saw the news this morning that the Obama administration told Citibank to ditch their plans to order a 50 million dollar jet from a French company and thought, “Wow… that jet represented jobs for French workers. I bet France is pissed.” and it occurred to me that no one is thinking about the bigger picture when it comes to the economy.

I believe that it is necessary to spend money in order to create stability in a capitalistic environment. I also believe that manufacturing jobs in France probably mean offices in the US that employ Americans. Now, I’m not sure that this is the actual case in this specific situation, but in most cases I suspect it is the truth. … [Read More]