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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Rainer
195,284
Duane Murphy
Realtor, Foreclosures ,Short Sales, Real Estate -
Murphy & Associates Real Estate

Well Harry that must mean that we are next on the federal bailout list!

July 27, 2009 09:08 AM
Ambassador
1,010,201
Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Duane take a number and make sure you pay your taxes on time or we will fine you.

July 27, 2009 09:14 AM
Rainmaker
298,489
Heather the Realtor Orlando, Lake Mary
First Time Home Buyers, Bank Owned Homes
LemonTree Realty

Once you give one company a bail out they all want bailouts just like short sales you start doing it, everyone will come up with some sort of hardship. Stop it all together and make people responsible for their actions and eventually order will be restored.

July 27, 2009 09:33 AM
Ambassador
1,010,201
Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Heather-I had the same philosophy when I was in corporate. If you let one, then you have to let the other do it when it comes to exceptions. Great comment thanks

July 27, 2009 09:43 AM
Rainmaker
997,406
Karen Fiddler, Broker/Realtor
Laguna Beach & Lake Arrowhead, CA (949)510-2395
HOM Sotheby's Intl Realty, 949-510-2395

I keep waiting for mine!!

July 27, 2009 09:46 AM
Ambassador
1,010,201
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
1,010,201
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
Ambassador
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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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Harry F. D'Elia

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