Comments on: Why Is It Ok To Bail Out Airline Companies Who Are In Severe Debt But Not Homeowners?

By: Anonymous

Anonymous — Thu, 11 Feb 2010 01:15:48 +0000

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

By: truckin_

truckin_ — Wed, 10 Feb 2010 18:37:41 +0000

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.

By: Mr. Pibb

Mr. Pibb — Wed, 10 Feb 2010 13:36:44 +0000

Millions of people don’t use an average homeowner to travel across the country and abroad.

By: tinker thinker

tinker thinker — Wed, 10 Feb 2010 12:03:19 +0000

The bail-out wasn’t for mismanagement, how could you forget 9-11 so fast? Is it a short term memory problem?

By: crabby_b

crabby_b — Wed, 10 Feb 2010 10:22:42 +0000

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.

By: Jedi squirrels

Jedi squirrels — Wed, 10 Feb 2010 04:12:16 +0000

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?

By: mymadsky

mymadsky — Tue, 09 Feb 2010 23:52:57 +0000

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?

By: jackkash

jackkash — Tue, 09 Feb 2010 18:20:06 +0000

Simple. Most home owners are not members of Corporate America.

By: ruth

ruth — Tue, 09 Feb 2010 18:11:28 +0000

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.

By: Steve C

Steve C — Tue, 09 Feb 2010 11:14:47 +0000

The overall economy is dependent upon the survival of airlines. The economy is not affected is someone loses their home.