Future of Jetblue?
07-16-2012 | 11:16 PM
#31
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So few people do that though. We have collectively learned nothing from all our industry has ben though over the generations and even recently. We as a society define "affordable" as how much can we get on credit. That makes us weak and makes us our own worst enemies and puts management in charge big time. If you can't "afford" to walk away, you weaken your position significantly and will end up with much less.
Worker bees running up their "monthly nut" so they can't afford to lose the job has been one of the most powerful weapons in management's arsenal ever. With very few exceptions, if you can't (or won't) pay cash for it, you can't afford it. Period.
Worker bees running up their "monthly nut" so they can't afford to lose the job has been one of the most powerful weapons in management's arsenal ever. With very few exceptions, if you can't (or won't) pay cash for it, you can't afford it. Period.
& posted in every airline crew room.
07-17-2012 | 03:22 AM
#32
Line Holder
Joined: Nov 2005
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07-17-2012 | 04:36 AM
#33
Moderator
Joined: Jun 2006
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I use credit for everything...however,
My credit card has great cash back rewards and is paid off in full every month. Buying things in credit instead of cash MAKES me money. When it comes to financing...I never turn down 0 percent. I get to buy something and continue to MAKE money on my money. Still basically the same thing as you said...I do not buy things that I can not "afford" regardless of the means of which I actually purchase them.
07-17-2012 | 05:11 AM
#34
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Joined: Jan 2009
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From: Right Seat
MOST economists
You are right, MOST economists think credit is essential to a "capitalistic" society. But the ate Keynesian economists and have bankrupted our country (world). Most of us know that living on credit doesn't work in our own finances. But we try to apply it to government finances and it leads to failure we are finding out.
Also, their capitalism is crony capitalism. Not free markets that the us was founded on.
Also, their capitalism is crony capitalism. Not free markets that the us was founded on.
07-17-2012 | 07:05 AM
#35
Gets Weekends Off
Joined: Jan 2009
Posts: 125
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From: 787 Capt.
And now, back to our regularly scheduled programming........
I'm going to buy JetBlue (the whole thing) with several other pilot friends and Tom Horton. Now that the company is in play, your stock options will go up! Day traders rejoice, it's the new world order !!!
++++++++++++++++++++++++
It's a joke.
I'm going to buy JetBlue (the whole thing) with several other pilot friends and Tom Horton. Now that the company is in play, your stock options will go up! Day traders rejoice, it's the new world order !!!
++++++++++++++++++++++++
It's a joke.
07-17-2012 | 07:08 AM
#36
SDQ Base Chief
Joined: Mar 2006
Posts: 6,089
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From: 320 CA
07-17-2012 | 12:06 PM
#37
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Joined: Jul 2010
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From: window seat
You mean required components of crony capitalism/corportism where you magically print money and banks can loan out the same dollar 10 different times, at the same time, as long as everything magically grows and the music never stops. Then the banks can charge 10X the interest and command more principal and interest than exists, so the process grows politically to feed itself until it collapses. Look at our debt, it isn't working. Most economists are Keynesians by default, and all, 100%, Keynesians are idiots. No exception.
07-17-2012 | 12:54 PM
#38
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From: B76ER
You mean required components of crony capitalism/corportism where you magically print money and banks can loan out the same dollar 10 different times, at the same time, as long as everything magically grows and the music never stops. Then the banks can charge 10X the interest and command more principal and interest than exists, so the process grows politically to feed itself until it collapses. Look at our debt, it isn't working. Most economists are Keynesians by default, and all, 100%, Keynesians are idiots. No exception.
You are spot on. Those who think voting out the incumbent in the upcoming election are replacing one Keynesian with another in a different wrapper. Read Hayek or Von Mises from the Austrian school of economics. It's as much fun as reading Stephen Hawking but just as fundamentally sound. One prez candidate has it right but is unfairly and incorrectly derided as a loony. Watch him grill Bernanke in some of the Fed hearings - in fact YouTube it. Not as much fun as watching Kim and Chloe but if anyone gives a poo about monetary policy and stopping the fiscal bleeding in the U.S. then it's a good watch.
07-17-2012 | 06:10 PM
#40
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From: window seat
Equally fascinating is how on topic it ends up being. Cool article on Motley about helicopter Bernake (the ultimate Keynesian moron) and his policies, including a 3rd round of "quantitative easing" (more money printing from the "Lord Keynes"/Chicago School of Economics playbook) as a likely destroyer of airline stocks later this year and/or next year.
While this stuff is broad based, some of it directly effects airlines and therefore our jobs. Plugging our ears and saying "la la la la la la I don't like politics la la la la la" is pretty poor career risk management.
While this stuff is broad based, some of it directly effects airlines and therefore our jobs. Plugging our ears and saying "la la la la la la I don't like politics la la la la la" is pretty poor career risk management.
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