How Delta Plays Politics in Washington: Who Needs Eric Cantor?

[700UW]

http://www.thestreet.com/story/12751840/1/how-delta-plays-politics-in-washington-who-needs-eric-cantor.html?puc=yahoo&cm_ven=YAHOO
 
 

 

[WorldTraveler]

and another perspective of how support is growing for DL's position regarding the Exim bank but it happens to be similar to Tea Party leaders....

http://www.thestreet.com/story/12855747/1/delta-is-right-on-the-ex-im-bank--too-bad-the-tea-party-is-its-biggest-ally.html?puc=yahoo&cm_ven=YAHOO

 

[Kev3188]

Here's an article about Anderson dining with Mitch McConnell, and a sizeable donation that just coincedentally followed.

Also, for those keeping score at home, McConnell is married to Elaine Chao, who used to be on the BOD at NW...

http://www.nationaljournal.com/congress/mitch-mcconnell-treats-executive-to-breakfast-in-capitol-big-donation-follows-20140820

 

[WorldTraveler]

DL also had a hub in Kentucky (CVG involves double political points since it is physically in KY but primarily serves OH).

Note that even in the executive dining room, DL was facing pressure from Sen. on both sides of the aisle.

That is business and doing what is in the company's best interest is what is most important. Politicians are well aware that no company is going to make a decision that is counter to their own interests even if is counter to those of one party or another.

Thus, Ted Reed's piece tries to throw Tea Party politics into the discussion about ExIm. Which side of the aisle cares about ExIm should matter less than this statement:



In an Aug. 21 letter to Rep. Jeb Hensarling, chairman of the Committee on Financial Services, which is considering the Ex-Im Bank's charter renewal, Delta lobbyist Andrea Fischer Newman (note: she is actually a DL employee, not a lobbyist) wrote that "when our government backs our competitors, it tells our employees that their jobs don't matter."

Ted Reed gets this part right

"But to say that the bank does important work is not to say that it should support one industry at the expense of another."

 

[700UW]

And that ExIM bank supports thousands of jobs at Boeing and its suppliers.
 
Just like the WTO has found Airbus in violation of trade laws with their government subsidies, and doesnt Europe have its version of the ExIm bank to support Airbus?

 

[WorldTraveler]

again, if supporting one industry requires hurting another, then the policy has to be called in question.

ExIm loans to airlines such as the ME3 and the largest East Asian airlines including KE do not need to be supported by ExIm. They have access to credit markets and/or are government owned or supported.

 

[700UW]

I see you are supporting the Delta talking points.
 
The ExIm bank supports more than planes and Airbus does the same, why isnt DL going after them?
 
Oh wait, thats because they are probably using it on those A321s and A330s DL bought.

 

[eolesen]

ExIm is apparently one issue where unions don't have a problem with Tea Party viewpoints or support.

Will be interesting to see if their charter actually gets renewed, or if it gets tabled until after the elections.

 

[700UW]

It seems Europe and other countries have their own ExIm Bank.
 
http://fita.org/webindex/browse.cgi/International_Finance_Letters_of_Credit_and_Investment/Export-Import_Banks
 
http://www.eib.org/

 

[WorldTraveler]

I see you are supporting the Delta talking points.
 
The ExIm bank supports more than planes and Airbus does the same, why isnt DL going after them?
 
Oh wait, thats because they are probably using it on those A321s and A330s DL bought.

because DL and Boeing are US companies and can lobby Washington.

There are a whole lot of people who recognize that providing taxpayer support to a foreign airline is not a role the US government should be playing.

After years of trading A380s for access to European markets by the ME3, Euro regulators are also realizing they may end up with a European airline industry that is either very weak or controlled by Middle East governments, directly or indirectly.

and once again, E, it is amazing how willing 700 is to argue the point about DL vs someone else despite the fact that DL's position is pro-American worker. DL is standing up for the jobs of US airline workers far more than any union is doing on this issue.

 

[700UW]

Foreign companies can and do lobby Congress, dont you know that?
 
You do realize its just guarantees, not tax money and the ExIm bank makes money for the US?

 

[WorldTraveler]

Yes, I do realize it.

But DL is a US company and is focusing its attention on the US legislative system.

DL is not endorsing what Airbus and Europe does.

The European carriers better get busy recognizing that trading A380s for complete access to Europe by the ME3 was a mistake that could cost Europe a viable European international airline system. European carriers need to deal with the European regulatory system. DL is focusing its attention on the US system and Boeing.

Foreign carriers can get lower interest rates because of the ExIm bank and that allows them to pay less for the cost of their aircraft than US carriers.

It is most definitely a subsidy.... the same company that has its logo all over global sporting events can afford to pay commercial rates for globally deployable assets.

again, your inability to grasp the issues and to argue against what is in the interest of DL workers is duly noted.

it is no wonder that DL employees have no interest in the IAM when people like you are one of their chief spokespeople.

Like it or not, DL's position against subsidies for foreign carriers resonates very strongly with its employees. For any union to try to argue that there is anything good or beneficial to DL employees is not only a huge strategic failure for a union but yet another validation of why unions just don't get the issues that matter to DL employees.

 

[topDawg]

And that ExIM bank supports thousands of jobs at Boeing and its suppliers.
 
Just like the WTO has found Airbus in violation of trade laws with their government subsidies, and doesnt Europe have its version of the ExIm bank to support Airbus?

Horse s**t 
 
You really think EK and QR are going to stop flying airplanes? No. Airbus alone simply can't meet the demand of the world. 
 
All this would do is make EK and such play a fair ball game. As an airline employee you have to be completely stupid to support ExIm. Just wait for American to have a JV with QR. All those cheap planes take over all your long haul flying......lay-offs. etc. etc. 

 

[southwind]

Foreign companies can and do lobby Congress, dont you know that?
 
You do realize its just guarantees, not tax money and the ExIm bank makes money for the US?

So since your anti-DL anything and don't condone them lobbying in Washington ( even though unions do it all the time) you don't mind  American tax payer funded subsidies going to foreign airlines? What a True American, you are!

 

[700UW]

You are clueless, the ExIm bank offers loan guarantees, not tax dollars or money. Educate yourself, and the ExIm bank makes a profit. This is about you: A mind is a terrible thing to waste.