I agree, there should be strict conditions on what the bail out money is used for, paying employees and suppliers and not for paying bonuses etc. It should also be interest paying once the entities are able to operate normally again.
I agree, there should be strict conditions on what the bail out money is used for, paying employees and suppliers and not for paying bonuses etc. It should also be interest paying once the entities are able to operate normally again.
No, as an employee you should be getting money directly from the bailout. You shouldn’t have to rely on it to be filtered through the company before you get it.
Give the money to the people. It will all trickle up to the companies eventually.
Let the companies fail, then give the bailout money to the employees.
In principle I agree with you (and the above poster). But if huge companies know the government will cover them if they make a losing bet, why wouldn’t they make high-risk/high-reward bets all the time? These bailouts incentivize high-risk behavior.
I thought the great thing about capitalism is that the market will respond to demand? If one company goes under, then someone else will step in to fill the void if there is a demand for that product/service. The skilled workforce would get picked up by the new company.
At least one of these describes most large businesses. While it’s appealing, it would put a lot of people out of work.
Username checks out.
I could be wrong, but I don’t think Rob works in the office with the full-timers. He’s west coast maybe? He works remote and bangs out NPoCP daily with a “IDGAF if y’all just look at the pics an scroll down to vote, I’m writing another masterpiece” kind of attitude.
I think the Ranger is a great suggestion. The Macan is a little odd, but Tom makes a solid argument for it. The other two are the obligatory jokes.
They’re parked on the lot right next to the $35k Tesla Model 3s.
Reconditioned.
New or used?
Dear ad writers:
I like your general logic but it will be met with some barriers. The airlines have been through this before. They know how things can turn and should have known better. They also made all that money by decreasing services. They are not a beloved industry right now.
You know how financial professionals are always telling people to make sure they have at least 3 months of daily savings in the bank? I think most advice is typically 6 months of savings.
1st gear: Fuck ‘em. That’s capitalism, baby.
Seems like if they need $50B, they can just issue $50B worth of new shares. Sure that would greatly decrease the value of existing shares, but hey that’s the tradeoff for not building up cash on hand.
Neutral: On the one hand, air travel is usually vital to national infrastructure, and American airlines have competed with airlines propped up by the states they service for way too long. On the other hand, if you mismanage yourself this hard, the idea of capitalism is that you fail and anything that still works is…
DT could sell all five of his Jeeps and still not be able to cover the tax on this thing.