TWU informer
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- Nov 4, 2003
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- #16
Nice try, but it wasn't a bailout. It was restitution for the government imposed shutdown of airspace.
Every Major News Reporting Service on the planet called it a "Bailout" and you show up here to parse words and call it restitution. Everytime I think you are gaining credibility with your postings you go and make some bonehead defense like that when management is subjected to negative comments.
While management types defend those bonus awards, it is clear employee groups grow more and more angered by this, and management just ignores those concerns. AMR will be headed for Bankruptcy first, then the employee anger will grow to scorched earth levels and we will all be watching and needing governement restitution as AA management/employee battles will make Eastern Airlines look like childs play.
Let the Jack Asses bring it on!
We will give them MORE than they are asking for!
Here is more good reading on the Airline BAILOUT:
Airline bailout criticized
Libertarians: 'It was a $15 billion mistake'
Dasbach said Libertarians understand the compassion behind wanting to help the ailing airline industry out of its jam. But he warned that by doing so, other industries may follow.
"If Congress bails out the airline industry, who's next?" Dasbach said.
Other groups also shared the Libertarian Party's concerns that related industries would appeal for government funding.
"The whole thing is so transparent. There are so many groups and interests lining up, wrapping themselves in the flag, arguing they need to be rescued," said Ron Utt of the Heritage Foundation in Washington yesterday.
"It's pushed as either disaster relief or national security, or if those arguments don't work, it's being pushed as economic stimulus," he told Reuters.
"Libertarians don't support corporate welfare. But if Congress is determined to spend our money, they should spend it for something they consider to be a genuine emergency – rather than for their usual assortment of handout-hungry corporate clients," Dasbach declared.
Eric,
Shouldn't the Labor Unions get "restitution" to compensate for loss of dues base since the numbers of union airline workers has eroded since 9/11?
Shouldn't my family enjoy some "restitution" for the loss of standard of living?
Instead the "restitution" idea has now flourished to Banks, Insurance Companies, Auto Makers, ect.
Who is going to give the US Citizen "restitution" when the Federal Government goes Bankrupt and Freedom Loving American's are suffering from a conversion to Socialism?
More Good Reading from the Airline Bailout Reporting Days
This policy is based on two premises: (1) that the airlines should be compensated for losses due to federal action; and (2) that the airlines should be compensated for losses due to the decrease in demand after the terrorist attacks. Neither are true.
First, the airlines grounded themselves before the federal government took any action. American and United both ordered all their flights to land at the nearest airport before the Federal Aviation Administration extended that policy to all airlines. Indeed, at this point United discovered a fourth plane that was hijacked when that plane did not respond. The federal government arguably would not have taken action so quickly had the airlines not led the way themselves.
Even assuming arguendo that the action is a taking, the airlines would have great difficulty proving damages. For example, a constitutional taking may have occurred if the government deprived the airlines of all economically viable use. But in order to recover damages, the airlines must prove that they, in fact, had some economically viable use on those days. Similarly, the government action is arguably a taking if it deprived the airlines of legitimate, investment-backed expectations. The airlines, however, did not have such a well-founded expectation in the wake of the terrorist attacks. To portray the FAA's order as a taking, one must believe that air traffic would have resumed its normal patterns on September 12.
Second, the legislation directly compensates the airlines for reduction in passenger demand. Decreases in demand, like hijackings and crashes, are fundamental known business risks. Although the terrorist attacks involved an unusual risk from a quantitative perspective, from a qualitative perspective they are indistinguishable from the normal, garden-variety risk that airlines face on a daily basis.
Why, then, should the federal government pay for the grounding of the airlines? On September 11, the airlines, not the government, were responsible for security. When terrorists breached that security, the airlines, not the government, should pay the consequences. Any reimbursement to the air carriers is a meritless transfer of wealth from the taxpayers to the airline shareholders.
One vocal critic is Senator Peter Fitzgerald, a Republican from Illinois who was the sole senator to vote against the airline bailout. "Other industries don't have the raw political clout the airlines have," he told a group of travel industry executives and labor leaders who came to Congress last Friday to seek aid. "The payouts to the airline industry were grossly excessive," Fitzgerald added. "The only people who got bailed out were the shareholders. The one million airline employees were left twisting in the wind."