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Why Is It Ok To Bail Out Airline Companies Who Are In Severe Debt But Not Homeowners?Personally I think neither is really smart, but If we can give billions to airline companies who improperly ran their business why can’t we do the same to homeowners who have bad mortgages? 14 comments to Why Is It Ok To Bail Out Airline Companies Who Are In Severe Debt But Not Homeowners?You must be logged in to post a comment. |
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our economy depends more on the airlines than individual homeowners. Not just in stock holdings, but in the stimulation airlines give to the economy by shuttling businesspeople all over the country
That’s the socialist agenda, redistribution wealth. The problem is that airlines (or any other large company) can provide much larger bribes..er _contributions_ than can the average homeowner, therefore the companies get welfare and the homeowner gets taxed out of his house.
Industry vital to the economy versus individuals.
Crabby: I laugh at the libs it is always someone elses fault metality. I have done a few mortgages and refi’s the past few years and I did not choose a single bad loan. If the governement bails them out now that will be interpreted as a sign that bailouts will be available in the future an no one will police themselves. Take a little self responsibility. If someone signed up for a bad loan (they actually are not that hard to understand if you skip tv a couple nights a week) then they need to learn a hard lesson. It is also not hard to refinance into a better loan.
Mymadsky: The banks get the property most will not fail. People in trouble with their loans made a mistake they need to learn from it. Whats next, I bought this car and the bank is going to take it away can the gov bail me out?
There are only so many airlines, how many people would take advantage of a way to get out of dead end job?
The overall economy is dependent upon the survival of airlines. The economy is not affected is someone loses their home.
Our nation benefits from having air transportation and the jobs created by the airlines.
Individuals who make bad money decisions do not really provide a major societal benefit. But they have the option of bankruptcy open to them, nonetheless.
Simple. Most home owners are not members of Corporate America.
Ya, what everyone else said…who cares if 20% of the mortgages in America fail. It really isn’t a big deal if the working class lose their homes. What real effect will this have on the economy. I mean it is JUST the housing market. Will it really matter that the government will have to bail out the banks when they all fail? Who needs banks anyway? And 9/11, you forgot about that….does it matter that the government had been bailing out the industry ten years prior? The government would never have to bail out the banks. (savings and loan bail out ring a bell????)
IDIOTS GAWD!!!!!
To answer your question it is better for the government bail out the banks (who made poor loaning decisions and reap the high interest rates now) later or the homeowners now (who made poor financial decisions). I say help the homeowners now to prevent the wealthy banks from crying to mama and protect the working class. After all isn’t the working class the life blood of America?
Because thousands of peoples depend on saving a company… And it is much easier to do exception to few big companies than making exception for every house owners in th US… We call this, the law of the numbers… 1 exception for 1 in 10 companies, or 1 exception for 100 millions households… I am not sure which one can cost the most.. CAn you do the math?
It’s a matter of who has the lobbying power (i.e. cash in campaign coffers.
And, normally I’d agree neither should get a bailout. But there are special circumstances in both cases. The airlines would be having some trouble anyway (they need to trim fat and adapt to some technological changes)–but they wouldn’t be in this big a mess if they hadn’t lost billions due to Bush’s scare tactics following 9/11.
And homeowners wouldn’t be facing the crisis they are facing had not the “regulators” of the mortgage industrry not aided and abetted what amounts to massive unethical and predatory lending practices and created an artificial real estate bubble.
So the government has some culpability here–and to that extent should offer some help.
The bail-out wasn’t for mismanagement, how could you forget 9-11 so fast? Is it a short term memory problem?
Millions of people don’t use an average homeowner to travel across the country and abroad.
The airline business is the shiftiest of the shifty, Corporate welfare helps these pricks recover after they spend all of there money taking out the competition. Air Canada is a great example of this.
Because the airlines supports the military in times of war. Same with the auto industry
The gov’t will always bailout airline and auto industry.
– who transports the troops << U.S. airlines
– who builds the hummers, etc. << U.S. auto mfg