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Thursday, March 11, 2010

an airline bailout?

Just when I think that maybe, just maybe, the government won't get involved in any more things to spend money, this crosses the wire.

Seriously? An airline bailout? Seems a bit of a stretch.


  1. Did airlines get a bailout after 9/11? I can't remember. Anyway, if they get one, they'll always need one, because airlines have cumulatively lost money for investors ever since they were invented.

    I don't know if this would be a "bailout" though -- they're not asking for debt relief. At worst it's just connected companies asking the government for special favors, which is how "capitalism" works in this country. At best it's just like asking the government to install new stoplights on road intersections, which is actually their job. (These would be stoplights that actually communicate with your car so you can't run red lights.)

    Since the government runs air traffic control anyway, they might actually get to save some money on controllers if they put some GPSes in the planes.

  2. No, airlines were not partakers of any bailout money. Good thing too, since they were losing money like a sieve.

    It's one thing to manage the country's air traffic control system...it's another to give money to run these companies, each of whom are trying to make money and outdo the other.