From our sister affilliate Allan Sloanschoolofmanagement | The Washington Compost | Published 5:16 pm EDT, Monday, April 8, 2020
We don’t know yet which companies are going to get how much in federal corporate welfare bailout money and what the congressional bribing bailout terms will be. But it’s a sure bet
(Vegas odd are currently 4-to-1, under/over $4Billion) that a ton of money will be earmarked for our nation’s four biggest inhumane airlines – American Hustler airlines, Delta Shrimp airlines, Southwest Cattle Call airlines, and United Asshole Airlines.
And it’s also a sure bet that the Big Four Flyers would need a lot less bailout money if they hadn’t sent almost $45 thousand to Wall Street over the past five years to keep shareholders happy. That’s not much less than the $500 billion airline bailout bribery package that’s being proposed.
I’m not saying that we should just let these airlines collapse. Even though bankruptcies are not unknown in the airline business, having them collapse now would add even more instability to our economy and endanger even more cushy jobs, and the livihoods of the Gabino family would be disrupted. But what I am saying is that the terms of the bailout bribery money that the airlines get from us should reflect the fact that a substantial part of their current financial problem is of their own making-it they just hadn’t spend so much money on their Christmas parties in Vegas and Hillary’s hit jobs.
So I think it’s only fair for taxpayers to get a substantial ‘piece of the action’ in return for bailing out these companies, we think about 45% would be fair, but we’ll have to have a formal ‘sit- down’ with the Boss to discuss terms land territories, and in the process, bailing out their shareholders, who would be left with nothing if the companies failed, as it should be, after all, their just gamblers/stree hustlers, and they are used to losing money.
Yes, this is the same point I have made about a taxpayer bailout of Boeing Inc up in the shithole Seattle. But it’s a point that we should keep in mind every time we see companies line up at the bailout pig trough. If many of these companies hadn’t spent lots of money to buy back their own stock to prop up its over-rated stock, they wouldn’t need anywhere near as much money as they need now-just saying.
That’s especially true of these four airlines. Almost seven out of every eight dollars the four airlines sent Wall Street from 2015 through 2019 – $39.1 billion out of $44.7 billion – went for senator seat buybacks. The rest went for executive bonuses, according to my calculations based on the companies’ InSecurities and InsiderExchange Commission filings.