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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (123951)9/19/2001 5:59:20 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<Why exactly is the gov't using my hard-earned tax dollars to bail out the airlines?>>

That's just it, these guys were about to go busto even without the help of Osama. Now they're gonna use it for cover to get saved by you, me, and J1P via governmental bail-out, all the while keeping clearly failing businesses going and sending hard-stolen capital down an interventionist rathole. But they're not the only industry in trouble...do we bail out car rental firms, hotels, theme parks, luxury restaurants, sports team owners, etc, etc, etc.

Bad, bad, bad business...this will prolong the inevitable for YEARS, methinks. We're following the Jap bubble implosion script to a "T".

Wasn't it Buffet who said the worst investment he ever made was when he bought (part) of an airline?<NG>

EDIT: I'm nominating your post for "Cool Post of the Day" since it was particularly incisive and quite topical.
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