Originally Posted by
9mikemike
Not sure the owners of all that money, American taxpayers, want the Treasury Secretary to make an about face. It is only in the little world of airline myopia that we believe giving money away for no reason is a great idea. Grants are not free...And they should have some bite attached to them....If the airline business is not economically viable in a free market let the chips fall where they may....Fairly certain that the majority of wage earning, tax paying Americans are not in favor of giveaways
In a "normal" economic downturn I'd be right there with you, but when you have govt shutting the economy down by edict due to the pandemic, then the govt has interfered with the free market. That coupled with the fact that if everyone is furloughed immediately, we've now structured society/govt that the feds are somehow responsible for everyone's financial wellbeing so in the feds case, paying grants to a company to keep them off the unemployment roles and hope/pray that the situation changes before the money runs out is a fed govt strategy.
Going forward, if you tell companies to structure themselves in a way that they can go into some sort of stasis mode with minimal notice, then there will be a significant changeup to the structure of most corporations.