Obama also criticized the way some companies getting federal bailouts are spending their money, and he said stricter accountability will be part of any future assistance.
Without citing any individual or company, Obama said recent reports “about companies that have received taxpayer assistance, and then going out and renovating bathrooms, or offices, or other ways not managing those dollars appropriately” show the need for more scrutiny.
John Thain, the former Merrill Lynch & Co. chief executive officer ousted yesterday, spent $1.2 million redecorating his downtown Manhattan office last year as the company was firing employees, a person familiar with the project said.
But who will police the Obamas?
At the same time, there is the legitimate viewpoint that it sets a bad tone to overspend on redecorating at a time of such financial crisis. Should Smith lean heavily on the vast supply of used furniture available to the Obamas and do some shopping at IKEA? Should he be "designing on a dime" as our columnist Frank Fontana suggests?
I remember Jesse the Body Ventura saved $$$ by having HGTV do a Decorating Cents show for the Minnesota governor's mansion some years ago. How about it Barack? (We don't ask Michelle, because you seem so interested.)
And what about that TRILLION for ZERO jobs. How about the TWO Trillion in pork the Dems want to spend--throwing money away?
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