NEXT! AIRLINE BAIL OUT!

By
Real Estate Agent with Precision Real Estate Inc. SA535849000

 STAND IN LINE FOR NEXT BAIL OUT!

I was just catching up with the news after a great weekend with the family. Then, I was reading an article the the airlines might be the next candidate for Government money. So, the American taxpayers have bailed out the following:

  • Banks
  • Insurance companies
  • Automobile companies
  • Wall Street
  • Mortgage Lenders

The Government will not allow thousands of airline workers to be on the unemployment line while the numbers for the economy are starting to look better. It is estimated that the airlines may need between $3-5 billion to assist them through this rough period. Furthermore, we will see airlines merge into mega airlines. Wall Street bankers will obtain fees for putting the deal together. Who is really out of the money? Taxpayers? I would advise the Government to stay out of this battle. Airlines need real competition to see who really can survive on its own. Yes, it will be painful. However, it will be better for the American people in the long term with efficient airlines still in business without Government assistance.

Leonard holds the same view: "The longer you keep this excess capacity in the system, the longer you make it worse for everybody." That's the logical conclusion. cited: http://www.businessweek.com/lifestyle/travelers_check/archives/2009/07/will_us_airline.html

"We went through all these arguments with Detroit," Jenkins fumes. "I think people at a certain point just kind of bristle at this. We've spent so much money bailing so many people out and when does it stop?"

Finally, the Government will be creating a national frequent flyer mileage program for every tax dollar given to the Airlines. It was estimated that each American will obtain one free roundtrip tickets to Washington DC at your leisure. That is a great incentive for us to get involved in this bail out. Just a concerned American writing this post.

 

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Ambassador
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Stand in line Karen-

July 27, 2009 09:48 AM
Rainer
188,478
Eric Villaverde
DoubleTree Home Inspection Services L.L.C.

We have to stop the madness and quit bailing people out. Who will bail me out of my business?

July 27, 2009 10:16 AM
Ambassador
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

We will learn over time not to give hand outs. Thanks for the comment

July 27, 2009 10:23 AM
Rainer
106,963
Tim Green
Real Estate and Beyond LLC

It is all funny money right now. Wow-who is going to bail me out?

July 27, 2009 02:22 PM
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Stand in line with hands out

July 27, 2009 02:35 PM
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Intended to share information, ideas, and tips on buying and selling real estate in Phoenix, Arizona. Written by realtor and radio host, Harry F. D'Elia. This Blog focuses on the creation of wealth through real estate and is involved in teaching others how to conservativley buy and sell real estate to enhance one's current portfolio. Agent's are welcome to follow along and learn from Harry how to successfully meet your clients needs.