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(The Hill)   United CEO six days ago: "We need a bailout or we'll be forced to lay off employees". United CEO today: "Thanks for the bailout, we're still going to lay off those employees"   (thehill.com) divider line
    More: Obvious, United States, Airline, United Airlines, Johns Hopkins University, Johns Hopkins, Names of large numbers, Maryland, Unemployment  
•       •       •

4949 clicks; posted to Main » and Politics » on 28 Mar 2020 at 2:30 AM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-03-27 7:45:19 PM  
If only we could have seen that coming.
 
2020-03-27 7:52:07 PM  
No shiat.  Jesus, this kleptocracy makes me f*cking sick.
 
2020-03-27 7:59:23 PM  
Giving money to corporations is stupid and reckless.
 
2020-03-27 8:22:55 PM  
So... take back the money and put these scam artists in prison for life.
 
2020-03-27 8:44:11 PM  
Imagine my shock and surprise
 
2020-03-27 8:47:17 PM  
Guess what, most of that money will not go to the airlines but to Boeing.

Why? Because most of the costs from airlines are planes renting costs.

While the planes are sitting doing nothing, they still have to pay rent on those planes... all that sweet money goes straight to Boeing.

/of course congress gave money to airlines because it was really a big fat check to Boeing
//and most of them get money from Boeing
 
2020-03-27 8:50:01 PM  
Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summ​a​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy
 
2020-03-27 8:55:04 PM  

lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy


Lobby, of any kind, should be punishable by...something really horrible.
 
2020-03-27 9:13:59 PM  

italie: lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy

Lobby, of any kind, should be punishable by...something really horrible.


Fark user imageView Full Size
 
2020-03-27 9:19:06 PM  

Diagonal: italie: lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy

Lobby, of any kind, should be punishable by...something really horrible.

[Fark user image 577x463]


media.giphy.comView Full Size
 
2020-03-27 9:48:29 PM  
Same shiat, different day.

Anyone who thought things would change for the better is a complete moron.

The CEOs and shareholders will still get their cut. Everyone else, well, will get cut.
 
2020-03-27 9:56:57 PM  
So now our tax dollars will pay their salaries, then their unemployment benefits. Theyll fill the planes with gasoline created by U.S. companies that also got socialism checks.

Then if they are still around after all that, they will file bankruptcy, raid the assets before a fire sale, and the loans will be stiffed on the taxpayer.

/Thats some serious free market there, Lou
 
2020-03-27 10:14:39 PM  
Fark user imageView Full Size
 
2020-03-27 10:15:36 PM  
Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.
 
2020-03-27 10:26:15 PM  

Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.


The government should offer to take a nice large equity stake.

See how quickly they decide that they don't actually need another bailout
 
2020-03-27 10:34:32 PM  

Gubbo: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

The government should offer to take a nice large equity stake.

See how quickly they decide that they don't actually need another bailout


My biggest problem is not that they bought back so many shares over the years. 50% of Americans have retirement etc, and that indirectly benefits those accounts.

So Im ok with that. What bothers me most is that they cant reissue those shares? Thatll put the burden on people who believe in their story. But to run to the Gov for their socialism check, and to bury the taxpayer with it, is bullshiat.

I love capitalism. This is straight up bullshiat. Let them fail. Their assets will be purchased by someone else for pennies on the dollar, and the planes will take flight again (unless theyre Boeing).
 
2020-03-27 10:59:34 PM  

Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.


That makes it better?
 
2020-03-27 11:07:01 PM  

italie: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

That makes it better?


Drawing the line between subby's  "Now that I've got mine, I'm backing out of our deal" and TFA's "let's keep in mind our deal only addresses the problem for so long."

There's no good outcome in either one, but United comes out looking much worse in the former than the latter.
 
2020-03-27 11:12:34 PM  
i.imgflip.comView Full Size
 
2020-03-28 12:06:58 AM  

Boondock3806: italie: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

That makes it better?

Drawing the line between subby's  "Now that I've got mine, I'm backing out of our deal" and TFA's "let's keep in mind our deal only addresses the problem for so long."

There's no good outcome in either one, but United comes out looking much worse in the former than the latter.


Disagree.
 
2020-03-28 12:14:44 AM  

italie: Boondock3806: italie: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

That makes it better?

Drawing the line between subby's  "Now that I've got mine, I'm backing out of our deal" and TFA's "let's keep in mind our deal only addresses the problem for so long."

There's no good outcome in either one, but United comes out looking much worse in the former than the latter.

Disagree.


Interested in your rationale, if you care to elaborate.
 
2020-03-28 12:17:08 AM  

Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.


This world is not going to get back to normal ever. People are in denial if they think two months is the time frame.
 
2020-03-28 12:21:21 AM  

August11: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

This world is not going to get back to normal ever. People are in denial if they think two months is the time frame.


Congress and united agreed on 30 Sep for the bailout package. That's five months, not two. Also, that's united holding up their end of an agreement with congress, which is exactly what subby implies didn't happen.
 
2020-03-28 2:14:20 AM  

Diagonal: italie: lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy

Lobby, of any kind, should be punishable by...something really horrible.

[Fark user image 577x463]


God damn that's gonna save money on my circumcision business... and the plans are even to scale!
 
2020-03-28 2:20:56 AM  

italie: Boondock3806: italie: Boondock3806: Sorry to do this to everyone, but in just this one instance, I RTFA.

TFA says that United has committed to no furloughs or layoffs thru 30 September. Current stimulus package cannot guarantee keeping people beyond that, but it fears that the downturn and subsequent lack of demand for air travel will push negative impacts to United past 30 Sep, possibly all the way into 2021.

So this isn't United backing out of its deal, it's warning us that it's going to need another sweet, sweet deal full of billions of dollars if the world hasn't snapped FULLY* back into place by 1 Oct of this year.

* This is where all the fine print is.

That makes it better?

Drawing the line between subby's  "Now that I've got mine, I'm backing out of our deal" and TFA's "let's keep in mind our deal only addresses the problem for so long."

There's no good outcome in either one, but United comes out looking much worse in the former than the latter.

Disagree.


I disagree with your disagreement, with a caveat.

Investors are looking at today, not a few months down the road. They're fine with this. The public is too lazy/ignorant/whatever to pay attention to the long-term here, and will forget next week that these assholes were already bailed out... and when they come and ask for some more money? "Well, I've been stuck at home for months and I NEED to get to Aruba! Pay them!" will be the public reaction.

The caveat that exists is: there is a very small possibility that this virus, and the already apparent economic impact, will *shock* the public into thinking that corporate bailouts are irresponsible, when the plebes are dying or being kicked out of their homes for non-payment. There is a possibility, albeit tiny, that we can see an evolution of Americanized capitalism if this thing gets bad enough.
 
2020-03-28 2:39:50 AM  

italie: lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy

Lobby, of any kind, should be punishable by...something really horrible.


This is a REALLY farking easy fix...

All campaign money is from a fixed national fund and available to any candidate that makes the ballot.
NO OTHER CAMPAIGN MONEY...PERIOD....  Problem solved...

And MILLIONS of pages of legislation and bullshat all go bye bye (Smaller government)...

This is how it works in a number of European nations..AND they also are limited in electioneering time!
So no months and months of campaigning..
 
2020-03-28 2:43:54 AM  
Fark user imageView Full Size


"Won't someone please think of the shareholders!"
 
2020-03-28 2:46:46 AM  
but her emails?
 
2020-03-28 2:47:21 AM  
It's almost like they run a successful business, until there's a global event which farks up their revenue stream.  Their plan to recover from the event is to ask for a government bail-out.  It worked for them in 2001, so why not do the same thing now?  I mean, lol, if you're a company which encourages international travel, WHY WOULD YOU EVER PUT IN PLACE A PLAN TO DEAL WITH INTERNATIONAL TRAVEL SHUT DOWNS??

Why do that when the gubbamint can bail you out?
 
2020-03-28 2:47:22 AM  
We have these nice employees.
It would be a shame if something would happen to them.
 
2020-03-28 2:50:31 AM  

foo monkey: It's almost like they run a successful business, until there's a global event which farks up their revenue stream.  Their plan to recover from the event is to ask for a government bail-out.  It worked for them in 2001, so why not do the same thing now?  I mean, lol, if you're a company which encourages international travel, WHY WOULD YOU EVER PUT IN PLACE A PLAN TO DEAL WITH INTERNATIONAL TRAVEL SHUT DOWNS??

Why do that when the gubbamint can bail you out?


If my reading comprehension is valid, you're saying what they're doing is reprehensible indeed, but they should keep on doing it because they can?

That's some strong argumentin'.
 
2020-03-28 2:53:07 AM  

lolmao500: Guess what, most of that money will not go to the airlines but to Boeing.

Why? Because most of the costs from airlines are planes renting costs.

While the planes are sitting doing nothing, they still have to pay rent on those planes... all that sweet money goes straight to Boeing.

/of course congress gave money to airlines because it was really a big fat check to Boeing
//and most of them get money from Boeing


Fark user imageView Full Size
 
2020-03-28 2:53:27 AM  

lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy


This is why I'm ready to burn the system down and start over.  We are long past the point where the only people that can fix it are being bribed not to.
 
2020-03-28 2:54:58 AM  
The travel industry is not coming back until a vaccine is developed. Giving the airlines temporary bailouts isn't a viable solution to keep them above water for the years it will take to make a vaccine available; it's just pouring money into a bottomless pit. The airlines need to be shut down, on a no-fault basis, and the employees should be retrained into other industries.

COVID-19 is a semi-permanent change to our way of life. Governments need to start accepting this and start redirecting resources accordingly.
 
2020-03-28 2:55:54 AM  
I wouldn't have given them jack shiat. Let'm burn.
 
2020-03-28 2:55:55 AM  

king of vegas: foo monkey: It's almost like they run a successful business, until there's a global event which farks up their revenue stream.  Their plan to recover from the event is to ask for a government bail-out.  It worked for them in 2001, so why not do the same thing now?  I mean, lol, if you're a company which encourages international travel, WHY WOULD YOU EVER PUT IN PLACE A PLAN TO DEAL WITH INTERNATIONAL TRAVEL SHUT DOWNS??

Why do that when the gubbamint can bail you out?

If my reading comprehension is valid, you're saying what they're doing is reprehensible indeed, but they should keep on doing it because they can?

That's some strong argumentin'.


They keep doing it, because our elected officials let them do it.
 
2020-03-28 2:57:35 AM  

Marcus Aurelius: Giving money to corporations is stupid and reckless.


"Giving money and power to government is like giving whiskey and car keys to teenage boys." - P.J. O'Rourke
 
2020-03-28 2:57:54 AM  
I foresee firms providing security for high net worth individuals as a growth industry in the next couple years.
 
2020-03-28 2:58:07 AM  
Its a great time to go flying if you don a hazmat suit
 
2020-03-28 3:00:27 AM  

italie: If only we could have seen that coming.


Right? Almost like it was written in the sky.
 
2020-03-28 3:00:35 AM  
You know, instead of a bail out, maybe a different approach should have been used.


Fark user imageView Full Size


/Oh so appropriate for the airline industry
 
2020-03-28 3:00:52 AM  

lolmao500: Guess what, most of that money will not go to the airlines but to Boeing.

Why? Because most of the costs from airlines are planes renting costs.

While the planes are sitting doing nothing, they still have to pay rent on those planes... all that sweet money goes straight to Boeing.

/of course congress gave money to airlines because it was really a big fat check to Boeing
//and most of them get money from Boeing


If that is the case that the planes are rented, what does United actually own?
 
2020-03-28 3:00:53 AM  

lolmao500: So... take back the money and put these scam artists in prison for life.


You know. CEOs are fireproof.

Just sayin'
 
2020-03-28 3:01:33 AM  

AAAAGGGGHHHH: lolmao500: So... take back the money and put these scam artists in prison for life.

You know. CEOs are'NT fireproof.

Just sayin'


/fark you up the butt, autospellchecker
 
2020-03-28 3:09:34 AM  
Haha, those suckers fell for it again!

i.imgur.comView Full Size
 
2020-03-28 3:10:24 AM  

Mr. Shabooboo: italie: lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy

Lobby, of any kind, should be punishable by...something really horrible.

This is a REALLY farking easy fix...

All campaign money is from a fixed national fund and available to any candidate that makes the ballot.
NO OTHER CAMPAIGN MONEY...PERIOD....  Problem solved...

And MILLIONS of pages of legislation and bullshat all go bye bye (Smaller government)...

This is how it works in a number of European nations..AND they also are limited in electioneering time!
So no months and months of campaigning..


We are now what Europe was in the 19th century. They caught up to, and surpassed, our great legalese regarding government.

Now, we're sitting here crying about "American exceptionalism" while Europe (even some of the worse-off nations) surpasses us in health care, financial security, and a myriad of other statistical measures.
 
2020-03-28 3:13:47 AM  

Petey4335: lolmao500: Guess what, most of that money will not go to the airlines but to Boeing.

Why? Because most of the costs from airlines are planes renting costs.

While the planes are sitting doing nothing, they still have to pay rent on those planes... all that sweet money goes straight to Boeing.

/of course congress gave money to airlines because it was really a big fat check to Boeing
//and most of them get money from Boeing

If that is the case that the planes are rented, what does United actually own?


Like Trump properties...
The name.
 
2020-03-28 3:15:13 AM  

My Sober Alt: Marcus Aurelius: Giving money to corporations is stupid and reckless.

"Giving money and power to government is like giving whiskey and car keys to teenage boys." - P.J. O'Rourke


We can all agree PJ O'Rourke was a dipshiat.
 
2020-03-28 3:19:36 AM  

Troy Aikman's Giant Thumbs: I foresee firms providing security for high net worth individuals as a growth industry in the next couple years.


They will want that subsidized by the government also.
 
2020-03-28 3:20:53 AM  

lolmao500: Top Boeing money recipients... basically they are buying both parties.
https://www.opensecrets.org/orgs/summa​ry.php?id=d^B0
Democratic Senatorial Campaign Cmte
Sanders, Bernie
National Republican Senatorial Cmte
Democratic Congressional Campaign Cmte
National Republican Congressional Cmte
Warren, Elizabeth
Trump, Donald
Buttigieg, Pete
Yang, Andrew
Leahy, Patrick
Biden, Joe
Gabbard, Tulsi
Harris, Kamala
Klobuchar, Amy
Pelosi, Nancy


The best government money can buy!

FYI: This is also why we don't, and won't, have single payer.
 
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