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Lou Dobbs guts Bush over AA plan

ArtTang

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Lou Dobbs just aired a segment on the Bush administration's determined efforts to open American Airlines to international investors. Despite bipartisan opposition to the policy, Bush has threatened to defy House votes to block his plan for foreign control of airlines. Congress in turn threatens to retaliate this spring.

I just want to ask all you people who voted for the chimp: WHAT were you thinking? He clearly doesn't give a rats tail about the American worker. He clearly doesn't care about what the people want or what Congress advises.

Dobbs ripped into Bush over this issue as various senators from both sides of the aisle expressed concerns over major job and route losses to American Airlines if the Bush plan prevails.

Thank you, Bush fans.

Peace,
Art Tang
IMA
 
Lou Dobbs just aired a segment on the Bush administration's determined efforts to open American Airlines to international investors.

Art, do you mean "American Airlines" the airline? One could infer that from your capitalization.

Or do you mean "airline companies in America", as in AAL, UAL, etc?
 
Art, do you mean "American Airlines" the airline? One could infer that from your capitalization.

Or do you mean "airline companies in America", as in AAL, UAL, etc?
The Dobbs segment specifically focused on American Airlines. Of course, if it happens, it would affect all US carriers. I cannot recall the specifics, but the discussion involved British Airways. The transcripts should be available on CNN's website under Lou Dobbs by tomorrow afternoon.
Art Tang
INA IMA
 
Thank you, Bush fans.


Ugh, Er , we may not have jobs anymore but at least nobody's getting BJs in the White House anymore! After all we have to have our priorities!! I'll sleep just fine IN A BOX DOWN BY THE RIVER knowing that the sanctity of the oval office has been restored, Besides how can you be so selfish worrying about your jobs when we are fighting terrorism, what are you, UNPATRIDIOTIC? You will be doing your Patriotic Duty by becoming unemployed, we have to let these jobs go to foreigners so more Americans will be unemployed, thus available to go into the military and kill Muslims in their own countries as we demonstrate to them how we are peace loving Christians.

Come on get with the program, or get the hell out of Amerika already.
 
Ugh, Er , we may not have jobs anymore but at least nobody's getting BJs in the White House anymore! After all we have to have our priorities!! I'll sleep just fine IN A BOX DOWN BY THE RIVER knowing that the sanctity of the oval office has been restored, Besides how can you be so selfish worrying about your jobs when we are fighting terrorism, what are you, UNPATRIDIOTIC? You will be doing your Patriotic Duty by becoming unemployed, we have to let these jobs go to foreigners so more Americans will be unemployed, thus available to go into the military and kill Muslims in their own countries as we demonstrate to them how we are peace loving Christians.

Come on get with the program, or get the hell out of Amerika already.
Indeed.

Peace,
Art Tang
IMA
 
There's no shortage of capital available to the airlines in the USA - so my question is what, exactly, would relaxation of the foreign ownership restrictions do for American Airlines (or any other airline in America)?

Are changes to the foreign ownership rules gonna suddenly make the US legacy airlines more efficient or more profitable or better managed? Specifics would be appreciated. Workers probably don't want the efficiency gains - as those usually equal job losses. Profitable? That probably means faster growth for the LCCs. Better managed? Guess again.

Even the "well-managed" foreign airlines have very real problems. For instance, turns out that BA's unfunded pension liabilities are almost equal to AA's liabilities - even though BA is a substantially smaller company. JL has spent the past year trying to shrink the company and widebody fleet and return to profitability.
 
Maybe I'm missing something, but nowhere in the transcript is AA even mentioned by name, Art:

DOBBS: The rare type of radioactive material linked to the death of a former Russian spy has now been discovered on two British airliners. British Airways is asking tens of thousands of passengers who may have flown on those jetliners to contact health authorities. Two Boeing 767s at London's Heathrow Airport tested positive, and a third was grounded.

The airline says the health risk is low. But it's trying to reach people who may have been aboard those jets since October 25th and have come into contact with polonium 210, the deadly substance.

A deal that drew outrage and condemnation all across the nation, in part because of our reporting here, may be finally coming to a resolution. D.P. World, a Dubai-owned company, says it is accepting what it calls final bids for its U.S. port operations within the next two weeks. The bidders, who were not identified by Dubai Ports World -- they do, however, say all of the bidders are American.

The original deal that allowed the Dubai company to take over operations at six U.S. ports was first highlighted back in February on this broadcast. Following the uproar, D.P. World said it would sell all its 21 port operations to an American-owned company.

Apparently the Bush administration didn't learn much from its Dubai Port fiasco. Incredibly, it appears the Bush administration is going ahead with a plan to give control of our airlines to foreign investors, despite the fact that the United States Congress has expressly disapproved that idea.

Bill Tucker has the report.

(BEGIN VIDEOTAPE)

BILL TUCKER, CNN CORRESPONDENT (voice-over): Domestic control of our airlines appears to be coming to an end. That, despite overwhelming bipartisan opposition in Congress to a rule change that would give day-to-day operational control to foreign investors.

REP. FRANK LOBIONDO, ® NEW JERSEY: Aviation is a very critical component of homeland security and of our economy. And I don't think we can afford to do anything which even brings into question that homeland security would not be under complete control of the United States and the United States interest.

TUCKER: Rumors of the imminent change prompted members of the House Committee on Transportation and Infrastructure to remind the White House of their opposition in a letter, quote, "... Congress has taken a strong position that a major change to the current law regarding foreign ownership of U.S. airlines should be accomplished only by Congressional action, not unilaterally imposed by the Executive Branch. Making the rule final in the face of bipartisan Congressional opposition would be a very poor start to the 110th Congress..."

The administration says it not only has the right to make the rule change, Congress is making a big deal out of nothing. Yet back in February, the representative of the Department of Transportation conceded the obvious. JEFFREY SHANE, DEPT. OF TRANSPORTATION: They would be able to make the commercial decisions that define the shape of the product, the quality of the product, the routes that were flown.

TUCKER: As well as what planes to buy, where they're maintained.

REP. PETER DEFAZIO (D), OREGON: I mean, the national security implications losing control of the Civilian Reserve Air Force fleet, the massive job losses for American pilots, flight attendants and others associated with the airlines, and in all probability dramatic cutbacks in domestic service.

TUCKER: If DOT makes the change, DeFazio and Lobiondo say Congress will override it.

(END VIDEOTAPE)

TUCKER: Now, we repeatedly called the Transportation Department asking for comment, asking if a rule change will, in fact, be announced soon. The Department had no comment.

Lou, this is all being done as so often it is in the name of free trade. The United States, seeking to gain landing rights in Europe and in London. Amazingly, those European airlines already have landing rights here. We're not denying those right, we're just giving away the airlines to land in Europe.

DOBBS: Well, "we" is a big word. The Bush administration, with its manifest -- what does George Bush -- I mean, straightforward, this administration, do they understand this is an American government, a democracy, a representative government?

It is absolutely insufferable to tolerate this kind of arrogance. Thank goodness that the Congress is standing up. And thank goodness we're going to have some oversight and some checks and balances, we hope, in this new government.

Bill Tucker, thank you very much.

Blatenly biased reporting like this is why I stopped watching CNN a long time ago. Yes, Moneyline isn't supposed to be news, but the liberal bias at CNN has been prominant for a long time.
 
Regarding the Lou Dobbs special, it seems the discussion did involve US carriers as opposed to American Airlines specifically. I was watching the segment with one eye. The segment's headline read "The Bush administration preparing to give foreign investors control of American Airlines." Also, there were several film clips of our jets. However, now that I re-read the actual transcript (copied below), I realize the closing quote about massive job losses for "American pilots and flight attendants" was not specifically referring to AA. I apologize for disseminating "bad" information.

Art Tang
IMA

Also, if the ports deal with Dubai wasn't enough, we now have a new national security giveaway to concern ourselves with. The Bush administration preparing to give foreign investors control of American Airlines. We'll have that special report and we'll also update you on what's going on with those Dubai port world deals.

President Bush and the Iraqi prime minister, preparing for talks in Jordan. I'll be joined by three of the country's best political analysts here next.

Stay with us.

(COMMERCIAL BREAK)

DOBBS: The rare type of radioactive material linked to the death of a former Russian spy has now been discovered on two British airliners. British Airways is asking tens of thousands of passengers who may have flown on those jetliners to contact health authorities. Two Boeing 767s at London's Heathrow Airport tested positive, and a third was grounded.

The airline says the health risk is low. But it's trying to reach people who may have been aboard those jets since October 25th and have come into contact with polonium 210, the deadly substance.

A deal that drew outrage and condemnation all across the nation, in part because of our reporting here, may be finally coming to a resolution. D.P. World, a Dubai-owned company, says it is accepting what it calls final bids for its U.S. port operations within the next two weeks. The bidders, who were not identified by Dubai Ports World -- they do, however, say all of the bidders are American.

The original deal that allowed the Dubai company to take over operations at six U.S. ports was first highlighted back in February on this broadcast. Following the uproar, D.P. World said it would sell all its 21 port operations to an American-owned company.

Apparently the Bush administration didn't learn much from its Dubai Port fiasco. Incredibly, it appears the Bush administration is going ahead with a plan to give control of our airlines to foreign investors, despite the fact that the United States Congress has expressly disapproved that idea.

Bill Tucker has the report.

(BEGIN VIDEOTAPE)

BILL TUCKER, CNN CORRESPONDENT (voice-over): Domestic control of our airlines appears to be coming to an end. That, despite overwhelming bipartisan opposition in Congress to a rule change that would give day-to-day operational control to foreign investors.

REP. FRANK LOBIONDO, ® NEW JERSEY: Aviation is a very critical component of homeland security and of our economy. And I don't think we can afford to do anything which even brings into question that homeland security would not be under complete control of the United States and the United States interest.

TUCKER: Rumors of the imminent change prompted members of the House Committee on Transportation and Infrastructure to remind the White House of their opposition in a letter, quote, "... Congress has taken a strong position that a major change to the current law regarding foreign ownership of U.S. airlines should be accomplished only by Congressional action, not unilaterally imposed by the Executive Branch. Making the rule final in the face of bipartisan Congressional opposition would be a very poor start to the 110th Congress..."

The administration says it not only has the right to make the rule change, Congress is making a big deal out of nothing. Yet back in February, the representative of the Department of Transportation conceded the obvious. JEFFREY SHANE, DEPT. OF TRANSPORTATION: They would be able to make the commercial decisions that define the shape of the product, the quality of the product, the routes that were flown.

TUCKER: As well as what planes to buy, where they're maintained.

REP. PETER DEFAZIO (D), OREGON: I mean, the national security implications losing control of the Civilian Reserve Air Force fleet, the massive job losses for American pilots, flight attendants and others associated with the airlines, and in all probability dramatic cutbacks in domestic service.

TUCKER: If DOT makes the change, DeFazio and Lobiondo say Congress will override it.

(END VIDEOTAPE)

TUCKER: Now, we repeatedly called the Transportation Department asking for comment, asking if a rule change will, in fact, be announced soon. The Department had no comment.

Lou, this is all being done as so often it is in the name of free trade. The United States, seeking to gain landing rights in Europe and in London. Amazingly, those European airlines already have landing rights here. We're not denying those right, we're just giving away the airlines to land in Europe.

DOBBS: Well, "we" is a big word. The Bush administration, with its manifest -- what does George Bush -- I mean, straightforward, this administration, do they understand this is an American government, a democracy, a representative government?

It is absolutely insufferable to tolerate this kind of arrogance. Thank goodness that the Congress is standing up. And thank goodness we're going to have some oversight and some checks and balances, we hope, in this new government.

Bill Tucker, thank you very much.
 
Well, since both houses are controlled by Democrats, I doubt Bush can pull this off...After all, Democrats are for the working man!
 
However, let's remember he has an Attorney-General who when he was White House counsel put forth the position that Bush can do anything he wants to do simply because he is POTUS. Gonzales was using this argument to support the detention of anybody anytime and anywhere without benefit of habeus corpus as long as you called the person a "threat." And, you didn't even have to do that unless someone questioned the detention.
 
However, let's remember he has an Attorney-General who when he was White House counsel put forth the position that Bush can do anything he wants to do simply because he is POTUS. Gonzales was using this argument to support the detention of anybody anytime and anywhere without benefit of habeus corpus as long as you called the person a "threat." And, you didn't even have to do that unless someone questioned the detention.


Why is everyone so concerned here?

The Democrats are in charge now!
 
Foreign investment could be the AA answer to industry consolidation.

With some cash from foreign sources, internal growth could happen without further headaches of labor group integration.

If foreign investment is a threat to homeland security, someone better take a closer look at who actual owns a large amount of domestic resort and other real estate in this country. I believe you will find foreigners own a very large amount of high value property in this country.
 
TUCKER: As well as what planes to buy, where they're maintained.

Tucker is about ten years behind in his fact checking.

First, there are only four manufacturers of aircraft left -- Boeing, Airbus, Bombardier, and Embraer. As it is, Airbus jets are being bought more often by US carriers without any "influence" from foreign owners...

Then there's the fact that maintenance is already going overseas for most carriers. Given the cost of labor in Europe, foreign investment might actually benefit US workers, since BA, AF, LH, etc. would have some incentive to send their aircraft to the US for maintenance...



If foreign investment is a threat to homeland security, someone better take a closer look at who actual owns a large amount of domestic resort and other real estate in this country. I believe you will find foreigners own a very large amount of high value property in this country.

It goes way beyond that. How much of our own energy to we produce? How much of our need for textile and consumer goods dependent on imports?

As reckless an action as it might seem, China could kill off our economy in a matter of weeks, simply by banning the export of consumer goods and electronics.

With their supply chain interrupted, Walmart and most other major retailers would be out of business in a matter of weeks, since they don't keep months worth of inventory on the shelves and their distribution networks are now designed for just-in-time delivery.

Shut down that sector of the economy, and the rest of the country is screwed.
 
FM we agree on something!

It must be the Holiday Season!

Happy Holidays to you and yours and good luck in your new job. 🙂
 
Haven't seen it, but I'm sure they are talking about American airlines rather than just American Airlines.

Of course, if American airlines is in a title, then "airline" will probably be capitalized.
 
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