Greg Roach's Berkshires Blog
Wednesday, January 07, 2009
  My Vacation and the Bailout

Dear Senator Kerry, Senator Kennedy, Rep. Olver:

While taking a once-in-a-lifetime whole family vacation (19 of us from around the country!!) to Cabo San Lucas, Mexico over the holidays, I couldn't help but notice the four or five dozen private jets gridlocking both ends of the tarmac at San Jose del Cabo's tiny little airport. It seems that many of the rich and famous chose to vacation in the same region as the Roach family.

Being a family of aviation geeks, my brother and I jotted down a few of the tail numbers from these multi-million dollar jets to see if we could see whom we had been unknowingly rubbing elbows with. One large $45 million Bombardier Global Express stood out from the rest:
Could you please explain what a jet belonging to a corporation that has received approximately $45 BILLION in taxpayer money over the last 90 days was doing parked on the tarmac of Mexico's trendiest luxury vacation spot on New Year's Day? I am sure there is a completely innocent explanation.

Greg Roach
North Adams, MA
Probably taking Feinstein and Reid to a little thank you get together.
A tale of two companies....Company A takes $45 billion in federal bailout money, refuses to disclose what they might have done with it, and sends one of their corporate jet fleet to Cabo for the holidays.

Company B wants to ask for one-tenth of that amount as a loan, and flies one of their corporate jets to Washington DC with their CEO, so that he can personally testify as to their need to federal legislators.

One company's behavior is outrageous and it is pilloried in the press. The other company's behavior is perfectly normal and no big deal.

Funny how that works.

Cap'n John
Hi Greg,

Great original reporting. I hope you get this out to the broader news/opinion market. (Perhaps Citigroup Watch at would be interested.)
You might do well to find some Senator(s) who opposed the bailout (not all of whom, as I recall, were Republicans) and send your letter to them too.
Post a Comment

<< Home
A blog of random thoughts and reactions emanating from the bank of a mountain stream in the farthest reaches of the bluest of blue states.

May 2006 / June 2006 / August 2006 / September 2006 / October 2006 / November 2006 / December 2006 / January 2007 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / August 2007 / September 2007 / October 2007 / November 2007 / December 2007 / January 2008 / February 2008 / March 2008 / April 2008 / May 2008 / June 2008 / July 2008 / August 2008 / September 2008 / October 2008 / November 2008 / December 2008 / January 2009 / February 2009 / March 2009 / April 2009 / May 2009 / June 2009 / July 2009 / August 2009 / September 2009 / October 2009 / November 2009 / December 2009 / January 2010 / February 2010 / March 2010 / April 2010 / May 2010 / January 2011 / May 2011 / June 2011 / July 2011 / October 2011 /

greg at gregoryroach dot com

"Livability, not just affordability." - Dick Alcombright

My ongoing campaign for North Adams City Council

iBerkshires' Online Event Calendar

Because a Chart is Worth 1000 Words

Congressional Budget Office data

Powered by Blogger