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Thu Oct 8, 2020, 05:56 PM

What am I missing that the airlines are not getting their bailout, or stimulus???

and why are they more important then any other business??? Iím feeling sick for all the small business NOT getting their stimulus money, and all the UNEMPLOYED people??? Why are the airlines getting first dibs??? and sorry for being so ignorant.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:00 PM

1. Perhaps they are making more noise

than other business sectors. Squeaky wheel kinda thing.

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Response to Sherman A1 (Reply #1)

Thu Oct 8, 2020, 06:06 PM

3. The Airlines Are Threatening to Lay Off 50,000+ Folks If there's No More Stimulus Money

That's the last thing Trump wants to hit the news right before election day. McTurtle wants legal protections for companies against any law suits for their negligence. The meat packing companies could be shown to have some liability for their unsafe working conditions in our COVID environment. Nancy and Dems are in a touch spot here. Folks are hurting and need the financial help now.

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Response to Indykatie (Reply #3)

Thu Oct 8, 2020, 06:13 PM

7. +1 n/t

-Laelth

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Response to Indykatie (Reply #3)

Thu Oct 8, 2020, 09:19 PM

18. Excellent summation. nt

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:04 PM

2. I'd suspect that it's because the airlines are a vital piece of infrastructure...

...that employs many of people, and they would need to be ready to come back into full service once the rest of the economy can fully open up again.

At least I'd guess that's the official argument. How much the power of the airline industry has, that other businesses don't have, might warp that thinking I don't know.

Another unfair, but sadly true factor, is that it's much easier and faster logistically to help the few big companies that comprise the airline industry than it is to administer and track aid to tens of thousands of small businesses.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:07 PM

4. In general, I don't disagree, but there are a few things to keep in mind

1) Airlines have been hit harder than almost any other industry, save for maybe the tourism/event/hospitality industry
2) If the airlines fail, it affects a lot of other industries and has a huge ripple effect that will make economic recovery take longer
3) Most airlines are fairly heavily unionized, so they probably have more bipartisan support on Capitol Hill than many other industries, and they provide a lot of good-paying jobs that are actually worth saving
4) Some airlines have a lot of hubs in swing states. I remember in 2004, when it looked like US Airways might go bankrupt, I was torn about a bailout because I didn't want my dad to lose all of his miles and my home city of Philadelphia to lose all those jobs, but I was afraid that with US Airways hubs in Philly and Pittsburgh, bailing them out might have put Bush over the top in Pennsylvania. In the end, America West bought out US Air and there was no bailout.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:08 PM

5. I thought Pelosi was in agreement to do that stand alone and not a stand alone of 1200, but today

Pelosi said she would not do any stand alone. Trump has not shifted to a BIGLY stimulus and McConnell finally said wouldn't do anything without stating a business in not liable which for me paying attention is a huge step forward for him.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:09 PM

6. Airlines are strategic infrastructure.

Without them, mail would not get delivered which impacts all the other businesses.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:16 PM

8. Tbh, we need to see them more as aerial highways and save them accordingly

We use them for fast shipping and transport much like road highways.

We need air travel for so much I'm completely ok with trying to save them.

Small businesses are equally important just to clarify

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:21 PM

9. A stand alone bill to bail the airlines

 

would be a giant fuck you to the unemployed and small businesses.
An extremely bad move should it happen.

Would look like congress can move mountains to protect their stock portfolios while the little people can suck wind.

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Response to Thrax (Reply #9)

Thu Oct 8, 2020, 08:39 PM

15. repukes have already given the big FUCK YOU to the unemployed and small businesses

many, MANY times

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Response to Thrax (Reply #9)

Thu Oct 8, 2020, 09:19 PM

19. +1

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 06:24 PM

10. Airlines have lobbyist / Unemployed people do not.

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Response to whttevrr (Reply #10)

Thu Oct 8, 2020, 06:29 PM

11. Got a feeling

because Airlines Finance their aircraft via the Manufactures in house lease or purchase agreements. Boeing is burning Cash like a forest fire,Airbus has a different type of funding than Boeing.

Is Boeing about to go chapter 11?

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Response to Wellstone ruled (Reply #11)

Thu Oct 8, 2020, 07:16 PM

12. I don't think so

The FED has been buying corporate bonds up the wazoo. I'm sure they have propped up Boeing and GE.

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Response to whttevrr (Reply #12)

Thu Oct 8, 2020, 07:44 PM

13. So it has to be the 50k people

facing layoffs and the PR surrounding that issue. Most of the Airports have been through major Layoffs.

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Response to Wellstone ruled (Reply #13)

Thu Oct 8, 2020, 08:39 PM

16. Doing the math

Both Pelosi and Mnuchin think that $25 billion is the amount to give the airlines. If there are only 50,000 airline employees involved, that works out to $500,000 per job.

Seems a bit pricey to me.

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Response to customerserviceguy (Reply #16)

Thu Oct 8, 2020, 09:21 PM

20. Then is has to be money going towards Leases

and Airplane mortgages as well. Money for TSA may also be at play. Percentage of every ticket goes for TSA Payroll. As well as direct payments to City Counties for their Airports. Because of lost landing fees which off set expenses of operations.

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 08:35 PM

14. Congress depends on the airlines

That's why they think they are more equal than other animals. (George Orwell reference)

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Response to a kennedy (Original post)

Thu Oct 8, 2020, 08:42 PM

17. They burn a lot of fuel and pollute above the clouds?

Pukes love both. Cruise ships also deserve no help. The causes deserves no help. I agree with you. Avoid flying, stay put and use the phone to do business.

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