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.


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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!