Thread: DAL Buybacks
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Old 08-14-2019 | 12:46 PM
  #89  
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Originally Posted by Buck Rogers
If I buy a house and pay cash.....did I light that money on fire, or did I exchange it for something of value?
Other than new cash in hand for the B-School bonus crowd, there wasn't anything of tangibile lasting value remaining like a paid for house would be.

I'm not saying all of that money should have been off contract redistribution to the workers. That's nonsense. However its absolutely inexcuseable that much needed infrastructure is being ignored, all of which could have been taken care of by now for a fraction of the 14B+ being burned.

The extent they're doing it is impossible to defend and is red meat to lure the socialists into vast power grabs (and our "blue collar" incomes will be swept up in that big time), probably not that long from now. The missing money (with nothing to show for it beyond the accounting trickery compensation of a very few) is bad enough and we (as a company will rue the day we did this). But the superior infrastructure we could have had by now with a (small) fraction of that money is the real hole in the swiss cheese that was sailed right though.
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