Sorkin Rails Against Airline Stimuli

He's transparently correct about it all. Anyone else shells out $50 billion, they get something, even if it's just an ownership stake in a dubious business. We got nothing, zilch. And that's YOUR money, too. How someone who is "to the left of most people" can stomach, let alone support, the straight up, undisguised, wholesale transfer of wealth from the tax-paying classes to the investing classes is totally beyond me.
 
Boris Badenov said:
He's transparently correct about it all. Anyone else shells out $50 billion, they get something, even if it's just an ownership stake in a dubious business. We got nothing, zilch. And that's YOUR money, too. How someone who is "to the left of most people" can stomach, let alone support, the straight up, undisguised, wholesale transfer of wealth from the tax-paying classes to the investing classes is totally beyond me.
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Saving the economy is for the greater good. There is nothing right wing about that.
 
Boris Badenov said:
He's transparently correct about it all. Anyone else shells out $50 billion, they get something, even if it's just an ownership stake in a dubious business. We got nothing, zilch. And that's YOUR money, too. How someone who is "to the left of most people" can stomach, let alone support, the straight up, undisguised, wholesale transfer of wealth from the tax-paying classes to the investing classes is totally beyond me.
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I mean, I certainly think the equity stakes should have been larger in exchange for the gummint cheese. “Comrade! Your call sign is now AEROFLOT! Just like mine is now AEROFLOT!”

I’ll just wait for the Special Inspector General for Pandemic Relief’s book, which is probably going to read a lot like this book.
 
When we "bail out Wall Street while abandoning Main Street," books get written about it and you whine like crazy. But then when we create the PPP program and bail out Main Street, you whine about that too and demand that our financial records be made public (something that nobody on Main Street would ever agree to do).

Just admit that you hate business (while simultaneously making a healthy six figure salary from a big business) and be done with it.
 
mikecweb said:
What’s the incentive for yet another industry to be fiscally conservative going forward? Do you really think this is the last pandemic?
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Asking a publicly traded corporation to be "fiscally conservative" is really just not realistic with the current laws. As a private company, I can keep six months of cash reserves on hand, because I don't have to answer to anyone. But if Delta keeps that kind of cash laying around, shareholders get angry, and then lawsuits either get filed, or executives get fired and replaced with people who will spend the money on growth.
 
SlumTodd_Millionaire said:
Asking a publicly traded corporation to be "fiscally conservative" is really just not realistic with the current laws. As a private company, I can keep six months of cash reserves on hand, because I don't have to answer to anyone. But if Delta keeps that kind of cash laying around, shareholders get angry, and then lawsuits either get filed, or executives get fired and replaced with people who will spend the money on growth.
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The future looks bright.
 
He’s right. And ATN, this isn’t just about saving the economy. Even with no bailout beyond Oct 1, the airlines would have been fine. Bloody, sure. Mass layoffs, probably 20-30% would be let go, but the airlines would have made it. But the general gist is true: socialized losses, privatized profits.
 
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JordanD said:
I'm just gonna go ahead and admit that I didn't read the article and thought you were talking about Aaron Sorkin until just now and got really confused why we should give a crap what he thinks about finance. Glad I cleared that up on my own.
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In fairness, I don't think it's worth listening to either of them. :)
 
SlumTodd_Millionaire said:
I don‘t agree with him in the slightest (I can’t remember a bailout/stimulus I opposed, actually), but he’s got a loud voice in the financial media, so I’m sure his take will be noticed:

Were the Airline Bailouts Really Needed?
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Heh, heh, Heh, heh, uh, huh... you said, "Stimuli"!

At the end of the day, if you freaking need to "stimulate" it to keep it alive... it's already VERY close to dead!!!!
 
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