But, deregulation is much more of a Republican position that a Democratic one. Get government off the backs of private industry! Let the free market work! And, all that. You know, just like Bush and company got government off the backs of banks, investment firms, and mortgage companies. And, look how well that worked.
You can't have it both ways. Either there is government regulation of industry or there is not. You can't just insist on government regulation when it protects your job and your industry, but not when it protects/bails out someone else. If you are entitled to a government-guaranteed profit, then so is everyone else.
The fact that government price protections through the CAB resulted in too many airlines, too many airplanes, and too many flights is just too bad. The airlines wanted deregulation and they got it because they thought that would allow them to raise ticket prices at will. No one thought that a really efficient, low-cost upstart airline like WN would last more than a year or so. Now, we have to live with the consequences.
Yours is the argument that Republicans have used to justify pork barrel earmarks--like Sen. Steven's (R-AK) famous Bridge to Nowhere. It is pork barrel only when proposed by a Democrat. It is an essential expenditure when proposed by a Republican.
You're saying that government deregulation is bad unless it keeps airfares artificially high then it's necessary. Well, no.