Originally Posted by
StoneQOLdCrazy
Who cares?
Haven’t we had enough pandering to foreign countries who just laugh at us and take advantage of us?
Yes.
Now we tell insiders to buy their bonds. Say, a bankrupt Argentina. Then the Vonpusengropenfurher bails them out. The bond traders get rich(er). Sure it is only a fraction of what it costs the taxpayer, but who cares, we're rich in a bond fund that made no sense otherwise.
Ironically, Argentina has Universal Health Care. Our government is shut down because we can not afford to help our own citizens with health care costs.
But bringing this back to Delta and profits, the US dollar is down 13% relative the Euro (and most everything else) this year. In real terms that 13% decline in our value makes the dollar cheap and lowers Delta's expenses in the short term. In the longer term it is inflationary, once oil gets back to average, airplane parts and even labor, once we figure out that the prices of our Porsches track the Euro (and tariffs).
Energy, yes to all the above. We will find a way to use it. Cheapest is fusion. There is this enormous fusion reaction in the middle of our solar system. All you have to do is plop down a few silicate panels and start collecting what's falling on the Earth every day. Just catch what's already here. That's the most bang for buck.
Be happy to save the slightly under a trillion in oil & gas subsidies every year. We could use $600bn from that to help Americans avoid becoming street folks with their first major medical expense AND put the left over $200BN back on the Treasury's balance sheet. Maybe if there were no oil and gas subsidies we improve traffic and road wear by using trains for interstate transportation and save the diesel for the last mile. Heck, they might even discover that last mile delivery works a lot better with electric (reliable & no maintenance) trucks.