U.S. airlines seek government help

U.S. airlines are in talks with the government to obtain as much as $50 billion in financial assistance, according to a The Wall Street Journal report that cited people briefed on the discussions.
https://www.marketwatch.com/story/us-airlines-seek-government-help-wsj-2020-03-16?mod=mw_latestnews

And here come the bailouts! Socialism's evil until a virus appears. But seriously, we need to protect our airline industry and the cost of borrowing money is the lowest its been in what? Forever? Bail the airlines out. But let the cruise industry die. Good riddance.

Ain't socialism great, Trump supporters?

 

Yup.

Socialistic Corporate WELFARE is apparently OK?

 

Those on the progressive Left are going to hate this, because they've been advocating the rise of 'environmentally friendly' trains, and this could be seen as an opportunity for airlines to die.

 

If not for the suffering of their employees, I'd say let 'em wallow in it for awhile. It's not as if they haven't been gouging the crap out of the public for decades. Fees for every damned thing ... checked bag fees, but they don't want too many carry-ons ... fees for what passes for food on board ... fees for entertainment options ... etc etc etc.

No wonder so many of us prefer a leisurely road trip.

 

Problem is, other countries will protect their airline industries while ours go bankrupt. I could give two ***** about the airlines, but they employee a lot of regular folks, and I do care about them.

 

I don't hate it. We have an immediate crisis. Environmental concerns can wait.

 

A question: How much of this bail out money is actually going to trickle down to the workers?

The bailout should have been made in the form of a loan.

 

Absolutely AMAZING how socialism is the go to choice when terror strikes???

 

We're gonna see a lot of ad hoc socialism in the coming days.

It's all laissez faire until the shtf.

 

Going back to train travel, even if they could build high speed mag levs, is still going backward. Instead, the manufacturers need to work on making the engines more furl-efficient, just like their doing with cars.

Trains are only good for travel within a city or metropolitan area. Commuter trains:good. Cross-country passenger trains: not so good unless they specifically travel scenic routes like California's Amtrak Starlight train.

 

Going back to train travel, even if they could build high speed mag levs, is still going backward. Instead, the manufacturers need to work on making the engines more furl-efficient, just like their doing with cars.

Trains are only good for travel within a city or metropolitan area. Commuter trains:good. Cross-country passenger trains: not so good unless they specifically travel scenic routes like California's Amtrak Starlight train.

 

I'm a free market -ist. If airlines can't handle the down lull in revenue, maybe they need to go out of business and make way for the airlines that charged slightly higher prices to be able to save up some reserve money.

It's only by forcing companies out of business that we can insure efficiency in the long-term. These companies made bad decisions and shouldn't be allowed to continue existence.

It seems people are very stupid and think only with their emotions.

If a company is concerned about something like this, that's what private insurance is for.

And why do only businesses that are "too big to fail" get this bailout money?

 

They are discussing some type bail out for small businesses with less than 50 employees.

 

In socialism the government owns the airline.

 

Of course, we understand, it is only socialism if Obama does the bailout, if it's Trump it is not socialism.

BTW: Are these airlines showing a lack of personal responsibility by failing to save in a rainy day fund? Just saying.

In my opinion, now is not the time to bicker about the nuances of socialism and capitalism. The government will be on the hook, bailing out many people, sectors and companies. Too bad Trump already gave the purse away with his tax cuts on the national credit card. Watch the deficit explode, as predicted by me and others at the time of them pushing through the tax cuts.

 

No, it's socialism when the Govt owns the airline. What Obama did with the auto bailout was pretty close to it.

Yes, the airlines are showing a lack of personal responsiblity

 

How ever would lefties increase their carbon footprints if no airlines exist to take them to their climate conferences? Oh right, even less efficient private jets. No wonder they don't care that working folks wouldn't be able to travel cheaply...

 

Let's keep the ownership definition in mind when somebody cries socialism whenever Bernie Sanders says something. Because neither Sanders, nor any other Democrat has ever proposed government ownership of the private sector, including health care. So, we can probably agree, then, that single payer health insurance is not socialism.

 

That's simply untrue...Sanders and the Dems have talked about Govt taking over the health insurance industry.

 

About 250m runs, maybe 300 - 350 depending on the amount of stops. Like from NYC to DC is about 250, so it can be easier than the plane and by car depending on traffic and the time of day.

 

Show evidence for this. As far as I know, they never talked about making all doctors, hospitals, medical equipment providers government workers.

 

The answer to your last question is no. At over 22 Trillion in debt we cannot afford additional socialism/welfare,

 

Nope, they have talked about taking over the health insurance industry

 

If the climate change advocates were serious they would TELECOMMUTE to their conferences. But we all know the impact of saving the planet is a burden for the little people to bear.

 

The form of the 'bailout' is what they're negotiating.

I think a loan would be sufficient, too.