Sunday, November 20, 2005

the new welfare mom

I just wanna know where is the lobbying group or part of congress that wants to bail me out of some of my debt? The nation's third-biggest airline, Delta, is singing the blues indicating the obvious, that it has been hurt by increase in jet fuel prices and competition from lower-cost, low-fare carriers. Most of this outside of the cost, was due to what I perceive as a poor business model. Not only did Delta wait longer than some of the other airlines to trim costs, the airlines is about $28 billion in debt, and can’t cover the full-balance of its pension program.

For Deltas blessing, they know that they will be bailed out by tax payer and private welfare. It started four years after Congress bailed out the aviation industry, and it appears as if similar action by lawmakers are about to take place. I don’t know why the airlines industry is so important in comparison to the steel or television manufacturing industries - both of which are non existent.

Airline welfare comes from several places. First, there is the trade group, the Air Transport Association (ATA). This is the group of folk who go up on Capital Hill and ask for specialized welfare just for the airlines industry. They probably the real inspiration behind Sen. Johnny Isakson (R-Ga.), to get version of his airline-specific pension bill passed. Then there is the Pension Benefit Guaranty Corp., who will have to find some way with its money obtained from corporations to help relive some of the pension burden; in this case for the airline that started off in 1928 as a Macon, Georgia crop dusting service.

Although I can’t say what will happen for the 60,000 employees or the approximately 300,000 people they fly daily, big high-fare high-cost airlines will always be inefficient. None the less, Delta the corporation will stand, accepting welfare that they likely condemn poor people for receiving, while the pensions of workers and the jobs of employees are taken away. They seem to need the lobbying group.


oakleyses said...

louis vuitton outlet online, michael kors outlet online, prada outlet, longchamp outlet, coach outlet, louis vuitton, jordan shoes, oakley sunglasses, polo ralph lauren outlet, oakley vault, michael kors outlet online, michael kors outlet store, ray ban sunglasses, christian louboutin shoes, kate spade handbags, coach outlet store online, tiffany and co jewelry, nike free, polo ralph lauren, michael kors outlet, louis vuitton handbags, prada handbags, nike shoes, longchamp outlet online, coach outlet, tiffany jewelry, chanel handbags, coach purses, kate spade outlet online, gucci handbags, red bottom shoes, christian louboutin outlet, true religion, michael kors outlet online, nike air max, ray ban outlet, nike air max, true religion outlet, longchamp handbags, louis vuitton outlet, christian louboutin, tory burch outlet, burberry outlet online, cheap oakley sunglasses, michael kors outlet online, burberry outlet online, louis vuitton outlet

oakleyses said...

ray ban pas cher, air max, michael kors canada, hermes pas cher, michael kors uk, air max pas cher, burberry pas cher, mulberry, nike roshe run, north face, air jordan, hollister, nike air max, sac michael kors, ray ban uk, louis vuitton uk, true religion jeans, tn pas cher, lacoste pas cher, new balance pas cher, ralph lauren pas cher, nike air force, lululemon, true religion outlet, longchamp pas cher, scarpe hogan, guess pas cher, oakley pas cher, vans pas cher, nike roshe, north face pas cher, timberland, louis vuitton pas cher, longchamp, nike free pas cher, barbour, ralph lauren, hollister, nike air max, nike blazer pas cher, sac vanessa bruno, chaussure louboutin, converse pas cher, louis vuitton, nike free, abercrombie and fitch, sac louis vuitton

oakleyses said...

instyler ionic styler, canada goose outlet, beats headphones, canada goose outlet, abercrombie and fitch, p90x workout, vans outlet, birkin bag, mac cosmetics, reebok shoes, wedding dresses, ugg outlet, soccer jerseys, soccer shoes, chi flat iron, longchamp, insanity workout, jimmy choo shoes, babyliss pro, roshe run, valentino shoes, nike huarache, nfl jerseys, north face jackets, herve leger, giuseppe zanotti, mont blanc pens, new balance outlet, north face outlet, celine handbags, canada goose outlet, hollister, rolex watches, mcm handbags, ugg soldes, ugg boots, marc jacobs outlet, uggs outlet, nike trainers, bottega veneta, canada goose, asics shoes, ugg, lululemon outlet, ferragamo shoes, ghd, uggs on sale

oakleyses said...

canada goose uk, coach outlet, hollister, swarovski jewelry, canada goose, canada goose pas cher, links of london uk, pandora charms, montre femme, karen millen, converse, moncler, moncler, moncler outlet, louis vuitton canada, uggs canada, ray ban, moncler, vans, louboutin, hollister canada, swarovski uk, timberland shoes, toms outlet, thomas sabo uk, juicy couture outlet, baseball bats, ugg, wedding dress, converse shoes, juicy couture outlet, pandora jewelry, canada goose, pandora uk, hollister clothing, supra shoes, ralph lauren, replica watches, moncler, nike air max, iphone 6 case, gucci, air max, oakley, parajumpers outlet, moncler, lancel, moncler