The airlines demanded a massive bailout of nearly $60 billion in taxpayer dollars, ended up getting $50 billion — half in loans, half in direct grants that don't need to be paid back. Then they fired tens of thousands of people anyway! But we can’t get $2k/mo #DirectCashRelief?

Feb 16, 2021 · 4:49 AM UTC

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No argument here.
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Replying to @marwilliamson
Given airlines go bankrupt every decade like clockwork and need massive bailout why not just nationaize them
Replying to @marwilliamson
Let people work again. Problem solved.
Replying to @marwilliamson
No, no more bailout!
Replying to @marwilliamson
So they dumped 20,000 workers onto welfare to be supported by the very tax-payer that had just shelled out $Billions to keep QANTAS afloat? Time for Qantas to hand back the keys.
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And don't forget they used 96% of that money to do stock buy backs
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Replying to @marwilliamson
I continue to get the impression you are surprised. Did you really expect anything else from the neoliberal establishment?
Replying to @marwilliamson
Bailouts don't save jobs because labor and expenses are forecasted from revenue. An influx of money from the outside isn't likely to counter expense cutting because it isn't forecasted to be a recurring revenue line. Our leaders know that and give bailouts anyway.
Replying to @marwilliamson
Have bailouts for major corporations take the form of stock purchases. Boeing wants a billion dollars from the government? Suddenly the American people are the majority owners of the company and set the rules, including getting bottom-rank workers on the board of directors.
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