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Old 03-16-2020, 10:30 AM   #1  
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Default US Airlines’ Request $50 Billion Bailout

Should lead to some interesting philosophical discussions.

https://thehill.com/business-a-lobby...assistance-for
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Old 03-16-2020, 10:48 AM   #2  
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Nasty socialism
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Old 03-16-2020, 10:50 AM   #3  
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If banks, who made terrible investments, get trillions and trillions of dollars, ~$32 trillion since 2007, then why not every industry?
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Old 03-16-2020, 10:53 AM   #4  
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Pipe dream

And if it takes $50b to keep operating, we are a lot worse off than they are letting on.
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Old 03-16-2020, 10:57 AM   #5  
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Better to ask early, manage expectations.

Airlines (like banks) are key infrastructure, economic aid is inevitable.

I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
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Old 03-16-2020, 11:03 AM   #6  
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Pipe dream

And if it takes $50b to keep operating, we are a lot worse off than they are letting on.
I think 50b is just the first phase. We are worse off than anyone can even know
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Old 03-16-2020, 11:06 AM   #7  
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The FED suspended the rule that banks have 10% reserves, and the FED was the only buyer of the recent 30 year bond auction. The FED will bail everyone out, Smoke and mirrors now.
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Old 03-16-2020, 11:26 AM   #8  
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Unconstitutional
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Old 03-16-2020, 01:32 PM   #9  
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Originally Posted by rickair7777 View Post
Better to ask early, manage expectations.

Airlines (like banks) are key infrastructure, economic aid is inevitable.

I don't use the term "bailout" because this is not like the situation with the banks, who set themselves up to fail and then got bailed out by the taxpayers. Airlines are strictly victims in this, no fault that I can see... most of them are pretty solvent in terms of normal economic cycles.
True this. And I'd like to add that government mandated bans are part of the cause of the current financial situation in the airline industry so government should have a hand in reparation.

I'm not sure it will happen though. From what I can tell on non-aviation centered commentary, the general public is sour on the idea of 'bailouts' and while we'll say this isn't the same thing, it's what THEY will see... along with their image of a rich, spoiled, entitled pilots who deserves no help.
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Old 03-16-2020, 02:01 PM   #10  
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Nasty socialism
You don't know what socialism then.

Either way this house of cards will fall one day, sooner rather than later. We'll be worse off than Greece, especially since we won't have some childless chancellor I'm Germany to bail us out.
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