Quote (Bazi @ Oct 7 2020 09:34pm)
1. Blah blah rehashing the same point again and again. Airlines bad yadayada. This is clear and I am not antagonizing this point so why are you parroting yourself
2. The 25 billion obviously went to CEO, COO, other execs, and stock buy backs. Is it relevant to discuss how this money was wasted? did I make any claim it was used properly. I have been largely arguing the CARES act was a 2 trillion dollar sham, accomplishing nothing in the mid/longterm. I misspoke when I said there are 10 million airline workers, I meant they are involved with maintaining 10 million American jobs, that’s on me.
3. Chief economic advisor kudlow stated live on squawk this morning and in no uncertain terms: “the president absolutely sign a stand alone piecemeal deal including additional aid to airlines”. Unless your point is that the NEC director is not to be trusted and the only information we should have is from trump tweets. The talking points I am repeating are from his mouth, without slant. If his words are not the definition of source material then perhaps you can enlighten the world
It has nothing to do with airlines being "bad". Jesus fuck dude, read the god damned bill. One of the clauses in the bill requires that services be maintained even to low traffic rural areas. As in, a lot of flights with few or no passengers. Meaning an epic fuckton of wasted money, wasted fuel, and if you care about such things, pointless emissions. It's not that airlines are "bad". It's that they are not under lockdown, but everyone else is, so they don't have the customer base to justify the same level of flights, especially those out of smaller and rural airports. This, at a guess, is the most likely reason the refusal to provide consensus occurred. Any idiot alive understands that if your flight traffic is 10% of normal due to government-mandated lockdowns, you should only be sending out 10% as many flights. The natural inclination on this, for the rational person, is that there SHOULD be layoffs, and 90% of the civilian fleet should be grounded, and instead of focusing on keeping shit in the air as much as possible, focus on maintaining and even renovating the jets, and analyze how to better serve the customer. Not keeping 10x the number of flights in the air as you can fill.
Regarding Kudlow, perhaps you can pull the full video of his comments for me from youtube. Again, I hesitate to comment without seeing the source. But either way, I'd say, from a purely rational standpoint, that any scenario where airlines are provided another bailout prior to a piecemeal PPP bill, without a serious change to the business model, is simple political suicide. Trump's not gonna lose much in the way of votes over sitting on airline bailout funding. He may very well lose a lot of votes if he funds a corrupt industry that has frivolously pissed away $25 Billion while everyone else has gone broke in lockdown.
Quote (Bazi @ Oct 7 2020 09:34pm)
As I stated earlier, the unanimous consent was sought to hasten the process, given that the bill was originally written by republican senators I imagine he thought it would get through quickly. I agree this was foolish, if indeed actual airline aid was the goal. However the Main point is that it certainly is not a one party problem.
You will have to show me where the bill was "originally written by republican senators". I mean, bills are typically written by House Members. Happy to review "the original" if you can find it, and not doubting your honesty, merely not seen much in the way of reporting on this being a clone bill.
This post was edited by InsaneBobb on Oct 7 2020 10:56pm