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I'd like for it to be structured as a loan of some sort.
Hauler, your'e the stock guy. What would happen if the US government purchased a crap load of private company stock? Sort of a hybrid decision with FINGERS @Conor McGregor nut holder recommendations?
That would give a cash infusion. And then if they want the stock back, they'd have to purchase it, right?
Does that work as a loan as easily as I see? Also allowing an asset the government can sell off to the market later?
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,700
60,709
Hauler, your'e the stock guy. What would happen if the US government purchased a crap load of private company stock? Sort of a hybrid decision with FINGERS @Conor McGregor nut holder recommendations?
That would give a cash infusion. And then if they want the stock back, they'd have to purchase it, right?
Does that work as a loan as easily as I see? Also allowing an asset the government can sell off to the market later?
Leaning toward socialist/communist control, which is scary. I don't want the government running much of anything, and if we allow them to "own" companies I think that's a very slippery slope.

After the crash of 2008, GM was "bailed out" but they have repaid their debt to the US - whatever the structure of that deal looked like, they've fulfilled it.

The airlines have figured out how to be profitable after years of failing miserably. I don't want government bureaucracy getting in the middle of that and screwing it up. Too many jobs depend on that industry.

They should stop calling it a bailout.
Call it a loan and make them pay it back.
That will sit better with the American people.
 

FINGERS

Banned
Nov 14, 2019
17,004
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Why do I want to be on the taxpayer hook to run an industry that is already efficiently run? Why do I want to interrupt that and be responsible if I screw it up via government?
With the exception of fee gouging in the lat 4-5 years (this should just be regulated with fair advertising so you have easy apples to apples comparisons) an average airline ticket is HALF what it was in 1980 adjusted for inflation. And even with fees we are still only about $10 more expensive than 10 years ago. The fee structure has lowered entry to Americans that would not have been able to fly in the past. The USA airline industry is more solvent and robust than anywhere else in the entire world. The rest of the world looks like our old model from the 1980's with constant subsidies and bankruptcies. We've already done that and it sucks. It also means flying remains only for the rich. We went through 30 years of mergers and restructuring of bad airlines to get to where we are now. I am 100% against messing that up and coronavirus economic responses should be just that...responses for this temporary time and get out of the way.

Well it wouldn't change.

The difference is we are shareholders.

They are salaried employees with targets to achieve.

Our airlines over here won't need bail outs.....yet.

They are run better. Or worse depending on your point of view. Ryan air is the most profitable airline in the world. easyJet is almost as successful.

Leary the CEO of Ryan air took your model and made it even more streamlined. At one point he wanted to charge you for using the toilets .

It can be a new model of public ownership. Not like the past.

It's not beyond our level of intellect to learn from the past and improve it.

We can't just keep bailing out failed companies with no compensation.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,700
60,709
We can't just keep bailing out failed companies with no compensation.
How did they fail?
They've been having a run of record profits year over year.

That's like telling a successful carwash owner that he's no longer allowed to use water or soap, then immediately tell him he failed as a business owner.
 
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Meanwhile people have been dying from the virus in ny by the hour since 10 am last night

 
4

4070

Guest
This is the same chinese guy claiming american soldiers started the virus in china

 

MMAPlaywright

First 100
First 100
Jan 18, 2015
6,026
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CORONAVIRUS

Adults stressed by coronavirus assaulted six children, Fort Worth hospital says

BY EMERSON CLARRIDGE| ECLARRIDGE@STAR-TELEGRAM.COM
Yesterday

Six children who had been severely physically abused were seen this week at Cook Children’s Medical Center in Fort Worth, and doctors believe the assaults were motivated by stress connected to the coronavirus, the hospital said.

The victims were under 4 years old.

Dr. Jamye Coffman, the medical director of the hospital’s Child Advocacy Resources and Evaluation team, said in a Cook news release that she believes parents’ coronavirus-related stress is tied to financial problems and families being isolated at home.

“People have so much increased stress right now,” Coffman said in the release. “They’ve got financial stress. Some people lost their job or worried about keeping their current job. They lost their income. You’ve got stress from being overcrowded. Everyone’s cooped up together. They feel like they can’t get away from each other. These stressors can lead to abuse.”

Teachers often report suspected child abuse but are not likely to see students in the coming weeks if schools remain closed.

Christi Thornhill, director of the Trauma Program, the CARE team and Fostering Health at Cook Children’s, encouraged others to get involved.

“We worry about who will see abuse and report it right now,” Thornhill said in the release. “That’s where we need neighbors and other family members to pay attention. If you hear the child next door screaming, call for help. All of us need to be involved. As much as most of us don’t want to, we all must make it our business.”

Cook Children’s said it typically sees about six physical abuse cases each month.

If you suspect a child is being abused or neglected, call the Texas Department of Family and Protective Services toll-free, 24-hour hotline at 1-800-252-5400. You may also file a report using the secure TDFPS website. Reports made through the website take up to 24 hours to process.
 

FINGERS

Banned
Nov 14, 2019
17,004
19,820
How did they fail?
They've been having a run of record profits year over year.

That's like telling a successful carwash owner that he's no longer allowed to use water or soap, then immediately tell him he failed as a business owner.

They have failed.

Using your own logic. They have failed.

They didn't keep enough money from their profits to save for a rainy day.

If a bank won't lend them money then they have failed on any given capitalism model

I didn't make the rules