KCFlyer
Veteran
I don't see this as a socialist venture unless the airline industry was permanently nationalized. These actions are no different from the bailouts in 2001, besides there is a long history of gov't bailing out industries for many decades. I didn't think the ARRA monies Obama doled out, in some instances, were used properly.....they gave 21 billion to education that ended up shoring up under funded pensions at our expense. Point here is unless you stipulate how and why any assistance is spent, you deal with the result. The 2018 tax cuts were given, and, without looking into it, I bet the airline industry wasn't the only ones that got it. I see they bought back a lot of common stock, I'd bet to keep out of takeovers.
As to the 2001 bailouts......I think in some cases it was wrong and prolonged the inevitable for some airlines....I think many should have gone away, including USAir. Then there's the auto industry.....same goes there too...where are they today? Hurting as before.
I don't think socialism is a good idea although we need social programs.....they are different.
Well....I really don't want to see billions in bailout money sent to the airlines and then see the execs reward themselves richly at year end for "guiding us through these difficult times". IMHO, if the government helps the airline industry, ALL executive bonuses and raises are to be eliminated...or at the very least, raises would be limited to what the rank and file receive.
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