in 1992, when oil price was killing airlines, I wrote a paper in defense of bailing out the airlines for a political scince class. I argued that that the airline industry is a major economic engine, increases the GDP BY purchasing aircraft, provides aircraft during war under the CRAF act, provide high paying wages because of the high skills required to run an airline etc etc.
My liberal proffessor gave me a C. he wrote if a businiess cannot weather changes in the business environment, that business should be allowed to fail. propping up all businesses just prolongs the inevitable while harming businesses that are surviving.
That was hard to accept as I was preparing for Delta to go thru its first layoff ever.
That logic does not work when applied to the laid off mechanic with a wife, a kid, a modest mortgage and other bills. So, why not aid the suddenly unemployed workers and F*ck the corporations?