Have you ever looked at SWA’s balance sheet and compared it to AA’s?

Without the “socialist money” AA would have declared bankruptcy under the weight of it’s debt load. Maybe United as well.

The remaining airlines would have seen immediate increases in business, even during the depths of Covid.

I don’t agree with government bailouts.

I’m not ****ting on anyone for bettering themselves.

I’m ****ting on your false argument that every waitstaff used Covid to go to Med school and “better” themselves. Your argument is a bunch of bs. The vast majority sat at home collecting full unemployment checks, $600 a week Covid bonus unemplyment checks, stimulus checks, rent subsidy checks, etc.


.

Network Down?
 

A two income household can rake in up to $60k in the enhanced unemployment. That’s almost 50% more than the median household income in the county where I live.

Believe me, the folks in my area aren’t using it to better themselves or save for a rainy day, they’re blowing on needless junk at our expense.

Yeah, the poors are terrible at household budgeting, that's why they are poor. They are probably spending it all on pork rinds, fancy car wheels, and diet soda.

I think that everyone knows that we overshot with the stimulus cash because they assumed there was going to be a long term economic hole to dig out of. Now we are in a weird period where there are still benefits but we need them back in the workforce.

We are having trouble getting low income workers back to their crappy jobs, and high earners, who were largely unaffected by the pandemic, are the ones shaming them for their insolence. It's actually really funny.

This too shall pass. Better to overshoot the stimulus than undershoot and create real problems like we had trying to recover from the 2009 recession.

You can try to throw judgemental shade all you want, but when some people are working and paying taxes so that others can collect MORE MONEY FOR NOT WORKING, then I’m pretty sure we have a problem.

We are a consumer based economy. The good old USA doesn’t produce anything anymore. That is where China is reigning supreme in this world. Hence you can just look at their GDP vs the rest of the world. If the govt didn’t push through the stimulus you would have seen an ugly domino effect that would have effected most Americans. Now do I think that there was too much money pumped in the economy? Absolutely hence why we are seeing inflation that will remain for a while. The fed is going to be raising rates before 2023 when they were talking about maybe raising it in 2025!! The speed and rate that inflation is rising at is alarming from everyone in Wall Street. People are about to see what happens when you “give away” to much money in our type of economy. Doesn’t matter if your left or right or liberal or conservative. Everyone will be feeling this shortly.

I pay enough taxes to throw shade. I have also been poor and my path to get here involved scrubbing a lot of toilets for minimum wage or less.

You are oversimplifying the issue, or maybe politicizing it. Either way, you're wrong. The economics of it are simple. If you undershoot the stimulus, you have tons of second and third order effects like evictions or unpaid rents that lead to foreclosures, repossessions that lead to job losses and homelessness, etc. Those take years to sort out. We largely avoided that due to carpet bombing stimulus money as soon as this started. It will dry up soon and folks will be happy to return to work. Don't fret.

there you go again judging others and claiming superiority based on the belief that your **** doesn’t stink.

Well guess what we did have 30+ million unemployed when the government shut down our economy. We have a very large homeless population as well, I guess you are too high fallutin to notice them. But you’ll be glad to know that when the poor finally find a job and are no longer homeless they will enjoy reduced buying power because inflation is running rampant! On top of that the National debt has soared and the Fed’s balance sheet grown tremendously so at least we will all have higher taxes to look forward to!

Welcome to the second failed attempt at the “Great Reset”. NCSWIC!

So, what you're saying is that the crisis didn't go to waste?
Thankfully we'll need more gov't help! for years to come, sorta like road construction projects that never get completed.

Here’s the argument for deflation likely coming soon:

Nice gaslighting.

The “poors” you’re talking about that I know are friends and family that are very clear about the fact they’re working the system; always have, and always will. This is just more opportunity to do the same at another level on the backs of the hard working of all income levels.

They’re not just being funded by high earners but by their neighbors making an average wage, who out of a sense of pride and ethics continue to work hard and pay taxes…to fund able-bodied people who don’t want to work and are leaving small businesses desperate to provide goods and services while being short-handed.

You are all taking a micro look at a macro issue. Yes, there will always be those abusing the system, just like there will always be pilots abusing the system that we work in.

The benefits are ending.

The stimulus money saved lives and (shocked face) actual money that it would have taken to fill in the huge hole that would have been created when those companies who need workers shut down altogether.

Do some research on how the 2009-11 recovery went due to the government going lean on stimulus funds. I'll summarize - it was terrible. The recovery got prolonged years because they were afraid of the scenario we are in now.

The prevailing thought amongst economists on both sides of the aisle is to initially just infuse a huge amount of money into the economy and then target recovery money later. That's what they did this time and it worked. Could they have done better? Yeah, maybe, but they did a pretty good job.

It just slays me that a bunch of top 10 percent earners whose industry took a huge government bailout are shaming the working poor. Unless you have been in their shoes, just stop. Most of them are good people making the best of their lives. Many of them work in service jobs since there are few manufacturing jobs left. They took the brunt of the pandemic economic hit and got a helping hand, just like you did. Now there are a few folks on the margins who are gaming the system a little bit and a bunch of airline pilots have the gall to try and shame them? GMAFB. Look in the mirror.

There you go again, blaming all airline pilots for a made up instransigence in your mind.

No one here is blaming anyone for working.

People are discussing how some individuals are NOT WORKING but collecting full unemployment benefits, bonus Covid $600 a week benefits, rent subsidies, stimulus checks, etc. all of which comes out of the taxes of those of us WHO ARE WORKING.

Please start a new thread where you can discuss how people not working should be subsidized by people who are working instead of derailing this thread about the network being down.

The network is back up. Mostly.

I didn't start this conversation, but you aren't grasping the basic economics behind it, so I'll just let it go and do more interesting things.

Typical I think I’m smarter then you gibberish. I just you donate all that extra cash you make. I thought so. Hypocrisy at its finest. By the way I was poor and made the choice to better myself as everyone in this country can. EVERYONE. I worked that would make you cry for your mommy.

I got mine SCREW you all!! Yeah yeah yeah, heard it before and it’s a bad argument.

You missed the entire point by the way. The extra money is not just to help those people that need but to help jump start the US economy. We are a society of consumerism. You stop the spending you stop the machine and the evil devil we all try to avoid is deflation, and nothing starts deflation than a stop in spending. You give people money and it keeps the patient on life support. The micro and macro view is quite divergent but that is the case in a lot of economic viewpoints. Transitory inflation is what we have now. Look at lumber futures today? Absolutely TANKING…a few more days and it will be back to what it was before the pandemic started. Semi conductors have a multitude of reasons why they spiking in price but a pandemic, drought in Taiwan, shifting of the supply chain and backlog of ships in China loading and unloading in the US all are causing temporary price spikes. Those issues will also be fixed soon. So if the price to pay to keep the patient alive while the risk averse private sectors come back alive, so be it, it’s for the betterment of the national economy.

What I’m saying is and I will call you out specifically, you have absolutely no idea what you are talking about. I heard the same argument during the Great Recession, thus why we screwed the pooch and didn’t pump enough money into the economy, guess what? People still worked and inflation was tame if existent at all. MMT may provide some insight into the reasons why but I’m not totally convinced on that one yet but I am in tune with lots of online economic debates about it.

I got mine through hard work like anybody else can. Like the FA that says “I could have had you job IF I finished flying”. Always some reason they didn’t though. Life is choices. So spare me almighty . I know plenty about macro and micro economics. Some of you righteous self appointed geniuses are hilarious!

Taking money from hard working folks to give to lazy people is never right, no matter what you and some lefty economists believe.

https://media.giphy.com/media/l3vR0o...rIfC/giphy.gif



There are plenty of ways to keep the economy going, people employed, families in their homes, etc.

Killing all the jobs, then “solving” the problem by redistributing wealth is not something to be proud of.

But please, go ahead and start a DIFFERENT thread where you can tell all us jerk pilots how we should be happy our tax money goes to support the non working.

in a DIFFERENT thread....

You need help bro.

Your wrong about transitionary inflation. Have you even read what the regional FED presidents have been saying ? Specifically two of them who said it’s not transitionary. These are the people that vote and Jerome follows suit as the fed president. You might want to look how the fed runs on policy. Actually more FED regional presidents have been flipping their stance in the past 14 days then previous thought. Also not to mention ever large CEO bank president in the USA. But I am sure you know more then the regional Fed presidents that help set policy as well as large banks on Wall Street.

Ah someone who has only read the headlines and not actually looked at the actual statements done on the June 16 meeting.

In its updated forecasts, the Fed acknowledged it had missed on inflation expectations, upgrading its preferred core inflation forecast for 2021 from 2.2% all the way up to 3.0%. That’s a large jump, but that’s based on what’s behind us. The forecast for the same index in 2022 and 2023 scarcely moved, at 2.1% for both years.

Fed out of Atlanta has a measure called sticky core inflation. It’s less transitory. Sitting at 2.6 percent. Not low but certainly not a worry……yet.

Lumber….down. Copper….down. Gold…down…10 year Treasury yields….down. All signs inflation will not be an issue. Now I will say it will be till 2022 mid year before we see the transitory inflation wear off on certain items.

Inflation is a tricky beast but until we see sustained wage growth, the largest influencer in sustained CPI growth the economic models indicate inflation is not a problem. There are no absolutes in economic forecasting but I bet the farm on inflation not being an issue, I’m worried about a stalled recovery and deflation showing up. Then we are all fooked.

Oh the bank CEOs?? It was three of them that recently spoke about it. The clearly admitted during the meeting their staff economists disagreed that them about inflation. So even in a powerful organization like Wells Fargo the experts are disagreeing with the CEO.

First of all, this is a thread about the network being down.... stop derailing it or the mods will lock it.

Second, everyone knows lumber prices have been up, up, up the last few months and year.... so no one believes your bs when you get something so basic so wrong.

https://pbs.twimg.com/media/DzjYZ7iX...png&name=small

all propenents of Modern Monetary Theory, stop derailing this thread.

Make a DIFFERENT THREAD explaining how awesome it is to pay taxes so others don’t have to work. We are waiting.

Hobbies.

They will keep you from worrying about this kind of stuff.

Don’t know if you’re joking, but in case you’re not:

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Lumber Price Chart

Please take your cherry picking data to E6Bpilot’s Modern Monetary Theory thread, this one is about the network outage.

Also, lumber prices for the previous 5 years showing the huge spike up:

That is music to my ears. I am against the free money, but at least they are pumping it back into the economy. September is going to be a big adjustment when the free money stops.

Ahh yes, the old Megan McCains of the world, where paid maternity leave is evil socialism until it's pretty good once it benefits me.

Lots of Straight Time bidders in this thread is my bet!

Congratulations, you have achieved complete and total thread derailment!

Original thread: network down..... derailed thread: maternity leave and socialism.

I still can’t grasp how some can bid a trip at straight when they could be getting POT. I guess you can’t fix stupid.

It's their right! Barcoloungers for the win!
​​​​

Bid strait. Bid safe.

The company needs you.

In our category there are lots of trips in GA. Bid premium open time and pick up GA to help out fellow pilots if you’re willing to fly for straight time.

pick up my GA trip so at least one of us is bidding premium over those days.

Ah, we truly have come full circle. Pilots are telling other pilots how to bid again. Can't wait to get my first angry text telling me how I screwed up "their" premium trip.

I do not think anyone said do not bid straight. It is just shocking when somebody bids straight and everything is going premium, they could’ve made more money. It’s a free country bid as you please, we are not sharing a joint bank account.

What about a junior bidder who otherwise would likely not get the (apparently otherwise desirable) trip at premium, then are they so wrong to bid it straight?